Issue of Shares

RNS Number : 8699T

Sequoia Economic Infra Inc Fd Ld

18 October 2017

 

18 October 2017

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 275,886 ordinary shares of no par value each ("New Ordinary Shares") to Sequoia Investment Management Company, the Company's Investment Adviser, in relation to fees payable for the three month period ended 30 September 2017. The New Ordinary Shares have been issued pursuant to the Investment Advisor Agreement ("IAA"), details of which were disclosed in the prospectus published by the Company on 3 May 2017.

The New Ordinary Shares are being issued at 111.20 pence per share which represents the closing ordinary share price, on 16 October 2017, of 112.70 pence, less the dividend declared for the three month period ended 30 September 2017 of 1.5 pence per ordinary share.

Applications will be made for the New Ordinary Shares to be admitted to the premium segment of the Official List, 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 will commence at 8am on 31 October 2017. The New Ordinary Shares will rank pari passu with the ordinary shares already in issue.

Following Admission, the Company's issued share capital will consist of 748,030,682 ordinary shares. Therefore, the total number of voting rights of the Company is 748,030,682 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.

LEI: 2138006OW12FQHJ6PX91

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.

 

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