RNS Number : 9968Q
SQN Secured Income Fund PLC
25 June 2020
25 June 2020
SQN Secured Income Fund plc
Monthly Net Asset Value, Dividend and Fact Sheet
SQN Secured Income Fund plc (LSE: SSIF) (the "Company"), a specialist secured lending income investment trust, listed in the UK, is pleased to provide its monthly net asset value ("NAV") and dividend update in addition to its monthly fact sheet.
Net Asset Value
The Company announces that, as at 31 May 2020, the unaudited estimated NAV per ordinary share (cum-income) was 87.66 pence.
The NAV total return in May 2020 was 0.45%.
Dividend
The Company is pleased to announce the eleventh monthly dividend for the year ending 30 June 2020:
Dividend amount:
0.583 pence per Ordinary Share
Ex-date:
02 July 2020
Record date:
03 July 2020
Payment date:
24 July 2020
The Company has elected to designate all of the dividends for the period ended 31 May 2020 as interest distributions to its shareholders. In doing so, the Company is taking advantage of UK tax treatment by "streaming" income from interest-bearing investments into dividends that will be taxed in the hands of shareholders as interest income.
Fact Sheet
The Company announces that it has today published its monthly fact sheet to the end of May 2020 which is available to download from the Company's website.
(https://kkvim.com/sqn-secured-income-fund/)
For further information please contact:
finnCap Ltd. Corporate Finance: William Marle / Giles Rolls Sales: Mark Whitfeld
tel: +44 20 7220 0500
Kepler Partners LLP Hugh van Cutsem
tel: +44 20 3384 8790
Buchanan Communications Charles Ryland / Henry Wilson
tel: +44 20 7466 5000
Notes to Editor
The Company aims to provide shareholders with attractive risk-adjusted returns, principally in the form of regular, sustainable dividends, through investment predominantly in a range of secured loans and other secured loan-based instruments originated through a variety of channels and diversified by way of asset class, geography and duration.
The Company's Investment Manager is KKV Investment Management Ltd. The principal responsible for managing the portfolio is Dawn Kendall.
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