8th Jun 2016 07:54
LONDON (Alliance News) - Sequoia Economic Infrastructure Income Fund Ltd on Wednesday said it raised about GBP175 million by selling new C shares, exceeding the GBP150 million that had been targeted from the open offer, placing and offer for subscription.
A total of 175.2 million C shares will be issued, the company said, with 45.3 million through the open offer, and 129.9 million through the placing and offer for subscription. The C shares were sold at 100 pence each, according to previous regulatory filings.
Stifel Nicolaus Europe Ltd was sponsor and sole bookrunner.
Shares in Sequoia Economic Infrastructure Income were up 0.4% at 104.00p Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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Sequoia Economic Infrastructure Fund