20th Aug 2018 08:33
LONDON (Alliance News) - Sequoia Economic Infrastructure Income Fund Ltd said Monday that it is considering to raise further capital via equity issue to invest in an attractive pipeline of investment opportunities.
The company, which invests in economic infrastructure debt, added that any issue of shares will be at a price per share that is accretive to net asset value and the capital raise, including its structure, timing and size, will be subject to prevailing market conditions.
Sequoia Economic Infrastructure Income is currently fully invested with its total portfolio equivalent to 106.2% of net asset value as at July 31. As at August 17, the company had drawn a total of GBP110.8 million under its multi-currency credit facility.
Shares in Sequoia Economic Infrastructure Income were trading 1.7% lower at 108.68 pence each on Monday morning.
Related Shares:
Sequoia Economic Infrastructure Fund