14th Jul 2020 21:47
SQN Secured Income Fund PLC - secured loan investor - Decides to go into managed wind-down, with cash to be returned to shareholders in a "timely and efficient" manner. General meeting will be held within next few weeks to put wind-down to shareholder vote. The longest dated loan in the portfolio matures in March 2026, whereas the weighted average life of the portfolio is 2.9 years which includes some extensions for Covid-19.
Current stock price: 75.50 pence
Year-to-date change: down 10%
By Paul McGowan; [email protected]
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