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 375,200 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 2018. 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 3 May 2017.
The New Ordinary Shares are being issued at 111.00 pence per share which represents the closing ordinary share price, on 17 July 2018, of 112.5 pence, less the dividend declared for the three month period ended 30 June 2018 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 31 July 2018. 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 821,810,267 ordinary shares. Therefore, the total number of voting rights of the Company is 821,810,267 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.