18 October 2016
Sequoia Economic Infrastructure Income Fund Limited
Issue of Shares in connection with the payment of Investment Adviser fees
The Company announces that it has issued today 196,908 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 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 113.50 pence per share which represents the closing ordinary share price, on 14 October 2016, of 115.00 pence, less the dividend declared for the three month period ended 30 September 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 4 November 2016. 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 475,412,613 ordinary shares. Therefore, the total number of voting rights of the Company is 475,412,613 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
+44 (0)20 7079 0480
Stifel Nicolaus Europe Limited
Gaudi Le Roux
+44 (0)20 7710 7600
Praxis Fund Services Limited (Company Secretary)
+44 (0) 1481 755528
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.
This information is provided by RNS