18th Oct 2018 09:32
LONDON (Alliance News) - Sequoia Economic Infrastructure Income Fund Ltd said Thursday it issued 304,485 shares to its investment advisor for fees payable for the three months to the end of September.
The FTSE 250-listed firm issued the shares to Sequoia Investment Management Co at 109.0 pence each, valuing the issued shares at approximately GBP331,889.
Sequoia Economic shares were trading down 0.3% at 110.18p.
The company expects admission of the shares to be effective on October 31, after which it will have 1.06 billion shares in issue.
In a separate announcement on Thursday, Sequoia Economic said it plans to pay an interim dividend of 1.5p per share in respect of the three months to September.
Related Shares:
Sequoia Economic Infrastructure Fund