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Pin to quick picksSequoia Economic Infrastructure Fund Share News (SEQI)

Share Price Information for Sequoia Economic Infrastructure Fund (SEQI)

London Stock Exchange
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Share Price: 79.80
Bid: 79.40
Ask: 79.80
Change: 0.20 (0.25%)
Spread: 0.40 (0.504%)
Open: 79.60
High: 79.90
Low: 79.50
Prev. Close: 79.60
SEQI Live PriceLast checked at -
Sequoia Economic Infrastructure Income is an Investment Trust

To provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments.

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Sequoia Economic Infrastructure Income Fund To Raise New Capital

Mon, 20th Jan 2020 08:34

(Alliance News) - Sequoia Economic Infrastructure Income Fund Ltd on Monday said it intends to raise additional equity capital to repay debt and invest in a strong pipeline of investment opportunities.

The economic infrastructure debt investor said that it had used GBP224 million of its GBP280 million revolving credit facility as at the end of 2019, as well as cash of GBP55.8 million, resulting in net leverage of GBP168.2 million. Sequoia also said it had undrawn commitments on existing investments valued at GBP92.7 million.

The company said the proceeds from the planned equity raise will be used to repay outstanding debt under its revolving credit facility as well as to take advantage of a "strong pipeline of available investment opportunities meeting its investment criteria".

Sequoia shares were down 1.9% at 116.40 pence each on Monday morning in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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22 Feb 2024 14:23

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12 Dec 2023 09:26

LONDON BROKER RATINGS: JPMorgan raises Rio Tinto to 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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4 Dec 2023 10:19

Sequoia Economic updates on debt-hit hotel, Bulb Energy investments

(Alliance News) - Sequoia Economic Infrastructure Income Fund Ltd on Friday said it has been developing plans with an unnamed borrower to maximise recovery of a loan for its Clyde Street hotel investment, while expecting a USD25 million cash distribution from its Bulb Energy investment.

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15 Nov 2023 11:48

Sequoia Economic ups asset value, arranges acquisition facility

(Alliance News) - Sequoia Economic Infrastructure Income Fund Ltd on Wednesday said it arranged a GBP56 million bilateral loan to finance Pioneer Point Partners LLP's upcoming acquisition of Esken Renewables.

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26 Jul 2023 15:44

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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29 Jun 2023 10:15

Sequoia Economic Infrastructure Income swings to negative total return

(Alliance News) - Sequoia Economic Infrastructure Income Fund Ltd on Thursday reported a negative return in its recent financial year, amid a "volatile market".

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17 May 2023 10:46

IN BRIEF: Sequoia Economic net asset value falls again in April

Sequoia Economic Infrastructure Income Fund Ltd - London-based income fund with investments in sectors including transport, renewables and accommodation - Net asset value at April 30 is 93.06 pence per share, down 0.2% from 93.26 pence per share at March 31, due to the payment of a 1.72p dividend offsetting interest income and valuation rise. Declares another 1.72p dividend for quarter ended March 31.

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14 Mar 2023 11:31

IN BRIEF: Sequoia Economic NAV falls in February

Sequoia Economic Infrastructure Income Fund Ltd - London-based income fund - Says net asset value per share decreased to 93.10 pence per share in February, down from 93.55p the month before. Attributes the movement to asset valuations and foreign exchange movements net of hedges, which amounted to negative 1.14p, while interest income increased NAV by 0.68p.

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17 Jan 2023 12:27

TRADING UPDATES: Medica expects revenue to be in line with guidance

(Alliance news) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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25 Nov 2022 09:11

Sequoia Economic Infrastructure sees fall in assets on interest rates

(Alliance News) - Sequoia Economic Infrastructure Income Fund Ltd on Friday reported a half-yearly fall in net asset value and share price, due to higher interest rates.

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14 Nov 2022 12:47

Sequoia Economic sees net asset value fall amid risk-free rate rises

(Alliance News) - Sequoia Economic Infrastructure Income Fund Ltd on Monday said its net asset value fell by 1.6% to 92.14 pence per share at October 31, from 93.64p at September 30.

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14 Oct 2022 09:55

IN BRIEF: Sequoia Economic net asset value falls in September

Sequoia Economic Infrastructure Income Fund Ltd - FTSE 250-listed London-based income fund - Posts no gains on currency movements in September amid decrease in net asset value. NAV per share at September 30 falls 3.2% to 93.64 pence from 96.74p at August 30.

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12 Aug 2022 15:18

Sequoia NAV improves through July

(Sharecast News) - Specialist infrastructure debt investor Sequoia said in an update on Friday that its net asset value increased to 97.21p per share at the end of July, from 96.52p on 30 June.

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12 Aug 2022 08:49

Sequoia posts monthly increase in net asset value; non-execs retire

(Alliance News) - Sequoia Economic Infrastructure Income Fund Ltd on Friday said its net asset value per share in July increased slightly.

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28 Jul 2022 15:31

IN BRIEF: Sequoia Economic Infrastructure Income director buys shares

Sequoia Economic Infrastructure Income Fund Ltd - invests in income-generating economic infrastructure debt - Non-Executive Director Timothy Drayson buys 103,000 shares at 86.59 pence and 88.15p, worth GBP89,889, on Tuesday and Wednesday. Now has 142,000 shares.

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