Full details on the SQN Asset Finance Income Fund Ltd Open Offer, including instructions on how to participate, the options available to you, and any deadline applicable.
SQN Asset Finance Income Fund Ltd

SQN ASSET FINANCE INCOME FUND LTD - OPEN OFFER

Corporate action reference: 201501348

PLEASE NOTE WE MUST BE IN RECEIPT OF YOUR INSTRUCTION BY 5PM ON 26 OCTOBER 2015.

This corporate action is an open offer.

An open offer entitles shareholders, who hold on the ex date, the opportunity to purchase more C shares in the company at a price normally discounted to the market share price, in proportion to their existing holding.

Entitlements from an open offer are not tradable and therefore an open offer is only available to existing shareholders.

Within this corporate action you have a series of options of which one is a default. If you wish to select the default you do not need to reply.

If you would like further information about the terminology used in this notification, please visit our Ask A Question site.

EVENT TERMS

Record Date: 16 September 2015

Ex Date: 21 September 2015 (8am)

1 new C share for every 2 existing shares held.

Subscription price per new share: GBP1.00 per C share.

Holders can apply for new C shares in excess of their pro rata entitlements with such elections only satisfied to the extent that other shareholders do not take up their full basic entitlements.

As you hold your shares with a nominee you may have your election scaled back by a greater or lesser percentage than you would if you held your shares in your own name.

EVENT OPTIONS:

Option 1: Securities Option (Basic Entitlement)

Option 2: Oversubscribe

Option 3: No Action: (Default)

IF YOU WANT TO TAKE NO ACTION, OPTION 3, PLEASE DO NOT REPLY.

ADDITIONAL INFORMATION

Please ensure there are sufficient funds available by 5pm on 26 October 2015. The amount due will be taken from your account within 10 business days of this date. Please be aware that if funds are not available, your CMS account will become overdrawn for a couple of days until, if applicable, your Direct Debit Instruction is cleared and debit interest may be charged.

We expect to receive the new shares on or around 9 November 2015. We will aim to update your account within 5 business days of receiving them.

Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.

By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.

A full copy of the document can be found on the company’s website.

Please note that this page does not constitute investment advice. If you are unsure of what option to take please contact your financial advisor.

IF YOU ARE AN ISA OR SIPP CLIENT YOUR OPTIONS MAY DIFFER.

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