Issue of Shares

RNS Number : 9483Z

Sequoia Economic Infra Inc Fd Ld

16 January 2020

 

16 January 2020

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 235,293 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 31 December 2019. The New Ordinary Shares have been issued pursuant to the Investment Advisory Agreement ("IAA"), details of which were disclosed in the prospectus published by the Company on 19 September 2018.

The New Ordinary Shares are being issued at 115.4375 pence per share which represents the closing ordinary share price, on 14 January 2020, of 117.00 pence, less the dividend declared for the three month period ended 31 December 2019 of 1.5625 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 January 2020. 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 1,386,814,306 ordinary shares. Therefore, the total number of voting rights of the Company is 1,386,814,306 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]
Jefferies International Limited (Corporate Broker & Financial Adviser) Gary Gould Stuart Klein	[phone]
Tulchan Communications (Financial PR) Elizabeth Snow  Martin Pengelley Deborah Roney	[phone]
Praxis Fund Services Limited (Company Secretary) Matt Falla Katrina Rowe	[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.

LEI: 2138006OW12FQHJ6PX91

 

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