SQN Asset Finance Income Reports Drop In Net Asset Value

23rd Mar 2018 13:03

LONDON (Alliance News) -SQN Asset Finance Income Fund Ltd on Friday declared an unchanged interim dividend despite a drop in net asset value.

The equipment leasing fund reported net asset value per ordinary share of 99.24 pence as at December 31, down from 99.44 pence on the same date the year before. The share price for the ordinary shares as at the end of December was 90.25p, representing a discount to NAV of 9.1%.

On a C share basis, net asset value was 97.84 pence, also down from 98.20p. and the share price was 93.50p, reflecting a discount to net asset value of 4.4%.

Shares in the fund were up 3.2% at 87.71 pence on Friday.

SQN Asset Finance declared an interim dividend of 3.63 pence, unchanged from last year.

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