Last checked at 
16 Jul 2020 07:02
16 July 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 269,368 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 June 2020. 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 10 February 2020.
The New Ordinary Shares are being issued at 103.6375 pence per share which represents the closing ordinary share price, on 14 July 2020, of 105.20 pence, less the dividend declared for the three month period ended 30 June 2020 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 July 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 1,654,940,816 ordinary shares. Therefore, the total number of voting rights of the Company is 1,654,940,816 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
| +44 (0) 20 7079 0480
|
Jefferies International Limited (Corporate Broker & Financial Adviser) Neil Winward Gaudi Le Roux
| +44 (0) 20 7029 8000 |
Tulchan Communications (Financial PR) Elizabeth Snow Martin Pengelley Deborah Roney
| +44 (0) 20 7353 4200 |
Praxis Fund Services Limited (Company Secretary) Matt Falla Katrina Rowe
| +44 (0) 1481 755530
|
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