Issue of Shares

RNS Number : 4952M

Sequoia Economic Infra Inc Fd Ld

21 January 2016

 

21 January 2016

Sequoia Economic Infrastructure Income Fund Limited

(the "Company")

Issue of Shares in connection with the payment of Investment Adviser fees

The Company announces that it has issued today 67,509 ordinary shares of no value each ("New Ordinary Shares") and 33,886 C shares of no par value each ("New C Shares") to Sequoia Investment Management Company, the Company's Investment Adviser, in relation to fees payable for the three month period ended 31 December 2015. The New Ordinary Shares and the New C Shares have been issued pursuant to the Investment Advisor Agreement ("IAA"), details of which were disclosed in the prospectus published by the Company on 6 October 2015.

The New Ordinary Shares are being issued at 99.75 pence per share which represents the closing ordinary share price, on 19 January 2016, of 101.25 pence, less the dividend declared for the three month period ended 31 December 2015 of 1.5 pence per ordinary share. The New C Shares are being issued at 100.25 pence per C share which represents the closing C share price on 19 January 2016.

Applications will be made for the New Ordinary Shares and the New C Shares to be admitted to the premium and standard segments of the Official List respectively, and to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). It is expected that Admission will become effective and dealings in the New Ordinary Shares and New C Shares will commence at 8am on 1 February 2016. The New Ordinary Shares and New C Shares will rank pari passu with the ordinary shares and C shares already in issue respectively.

The Company holds no shares of either class in Treasury. Therefore, following Admission, the Company's issued share capital will consist of 150,152,934 ordinary shares and 146,887,513 C shares.

The C shares do not carry any right to attend or vote at any meeting of the Company, save for limited circumstances, where the consent of the holders of the C shares as a class by special resolution shall be required. Therefore, the total number of voting rights of the Company is 150,152,934 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or of a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

Sequoia Investment Management Company Steve Cook Dolf Kohnhorst Randall Sandstrom Greg Taylor	[phone]
Stifel Nicolaus Europe Limited Neil Winward Mark Bloomfield Gaudi Le Roux	[phone]
Praxis Fund Services Limited (Company Secretary) Shona Darling	[phone]

About Sequoia Economic Infrastructure Income Fund Limited

The Company is a Guernsey registered closed-ended investment company that seeks to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments. The Company is advised by Sequoia Investment Management Company Limited.

 

END

 

 

IOESEMFMSFMSESF