London Stock Exchange today welcomed the SQN Asset Finance Income Fund Limited
London Stock Exchange today welcomed the SQN Asset Finance Income Fund Limited to open unconditional dealings, marking the admission of its shares to the premium listing segment of the Official List and to trading on the Main Market on Monday, 14 July 2014.
The SQN Asset Finance Income Fund Limited is a unique investment company which invests in equipment lease and asset finance arrangements across a diverse array of assets and industries predominantly in the UK and US. It has successfully raised its maximum target of £150m in an oversubscribed placing and offer for subscription with Winterflood Investment Trusts as its sole sponsor and broker.
The fund’s investment manager is New York-based SQN Capital Management LLC, a Registered Investment Advisor with the United States SEC with Summit Asset Management Limited in the capacity as sub-manager focusing on UK originations.
Jeremiah Silkowski, Portfolio Manager and Chief Executive Officer at SQN Capital Management, commented:
"The admission of the fund’s shares to trading on the London Stock Exchange is an exciting step for us and for the asset class as an investment vehicle. I would like to thank our investors for their support and our team for all their hard work in making this happen.
Neil Roberts, Portfolio Manager and Managing Director at Summit Asset Management, added:
"SQN Asset Finance Income Fund is the only diversified equipment leasing fund listed in the UK, with attractive target returns underpinned by regular non-correlated cash flows. We believe this presents a compelling investment proposition and we look forward to delivering value for all our shareholders."