Issue of Shares

RNS Number : 5109E

Sequoia Economic Infra Inc Fd Ld

19 July 2016

 

19 July 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 137,370 ordinary shares of no 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 June 2016. 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 6 May 2016.

The New Ordinary Shares are being issued at 107.00 pence per share which represents the closing ordinary share price, on 15 July 2016, of 108.50 pence, less the dividend declared for the three month period ended 30 June 2016 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 1 August 2016. The New Ordinary will rank pari passu with the ordinary shares already in issue.

Following Admission, the Company's issued share capital will consist of 302,811,586 ordinary shares and 175,171,834 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 302,811,586 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.

 

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