REG - Sequoia Econ Infra - Dividend Declaration

Sequoia Economic Infrastructure Income FundAnnouncement

17/04/2025 07:00

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RNS Number : 3658F  Sequoia Economic Infra Inc Fd Ld  17 April 2025

17 April 2025

 

Sequoia Economic Infrastructure Income Fund Limited

(the "Company")

 

Dividend Declaration

 

Interim Dividend for the Period Ended 31 March 2025

 

The Directors of the Company have declared that an interim dividend of
1.71875p per share will be payable to holders of Ordinary Shares as follows in
respect of the three-month period ended 31 March 2025:

 

 

 Ex-Dividend Date:             1 May 2025

 Record Date:                  2 May 2025

 Payment Date:                 30 May 2025

 Dividend per Ordinary Share:  1.71875 pence per share

 

The Company provides the option for shareholders to invest their dividend in a
Dividend Reinvestment Plan ("DRIP"). Shareholders wishing to participate in
the DRIP should contact the Company Secretary for further information.

 

Investment Adviser Shares

 

The Company further announces that in accordance with the terms of the
Investment Advisory Agreement between the Company and Sequoia Investment
Management Company Limited (the "Investment Adviser"), the Board has
considered the issue of shares to the Investment Adviser for the relevant
portion of the fees payable to the Investment Adviser for the three-month
period ended 31 March 2025. As the closing price for the Company's ordinary
shares on 15 April 2025 (being the last trading day prior to the Board
considering the issue of shares to the Investment Adviser) was at a discount
to the last published NAV per share, the relevant portion of the fees payable
to the Investment Adviser for the three month period ended 31 March 2025 which
would otherwise have been issued as shares, will instead be paid by the
Company to the Investment Adviser in cash in the amount of £244,566.73. The
Investment Adviser has committed to issue an irrevocable instruction upon
receipt of the funds to utilise such cash to acquire ordinary shares in the
capital of the Company in the market without delay and such shares will be
subject to a three-year rolling lock-up in accordance with the terms of the
Investment Advisory Agreement. A further announcement will be released in the
coming days once the shares have been acquired by the Investment Adviser.

 

 

For further information please contact:

 

 Sequoia Investment Management Company                                    +44 (0) 20 7079 0480

 Steve Cook

 Dolf Kohnhorst

 Randall Sandstrom

 Anurag Gupta

 Matt Dimond

 Jefferies International Limited (Joint Corporate Broker & Financial      +44 (0) 20 7029 8000
 Adviser)

 Gaudi Le Roux

 Stuart Klein

 J.P. Morgan Cazenove (Joint Corporate Broker & Financial Adviser)        +44 (0)207 742 4000

 William Simmonds

 Jeremie Birnbaum

 Teneo (Financial PR)                                                     +44 (0) 20 7353 4200

 Elizabeth Snow

 Faye Calow

 Apex Fund and Corporate Services (Guernsey) Limited (Company Secretary)  +44 (0) 20 3530 3107

 Aoife Bennett

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

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