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

SQN Asset Finance Income Fund – Open Offer

Corporate action reference: 201601685

Please note we must be in receipt of your instruction by 17:00 on 29 November 2016.

This corporate action is an Open Offer.

An Open Offer entitles shareholders, who hold on the ex date, the opportunity to purchase shares in the company 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: 4 November 2016

Ex Date: 9 November 2016

Open offer of new C shares at GBP 1 per share to raise gross proceeds of GBP 150 million.

1 new C share for every 4 shares held.

Holders can apply for new shares in excess of their pro rata entitlements, but such excess applications may be subject to scaling back.

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

To reply to this event, please use the below link stating which option you would like to take.

Option 3: No Action (Default)

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

ADDITIONAL INFORMATION

Please ensure there are sufficient funds available by 17:00 on 29 November 2016. 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 12 December 2016. We will aim to update your account within 5 working days of receipt.

Applications will be made to the London Stock Exchange and to the UKLA for the C Shares to be admitted to trading on the main market of the London Stock Exchange and the premium segment of the Official List, respectively. It is expected that admission will become effective and that dealings in the C Shares will commence on or around 12 December 2016.

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.

Please note that this page does not constitute investment or tax advice. If you are unsure of what option to take, or if you are in any doubt as to your tax position, please contact your financial advisor.

If you are an ISA or SIPP client your options may differ.

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