17th Apr 2025 07:00
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 Steve Cook Dolf Kohnhorst Randall Sandstrom Anurag Gupta Matt Dimond
| +44 (0) 20 7079 0480
|
Jefferies International Limited (Joint Corporate Broker & Financial Adviser) Gaudi Le Roux Stuart Klein
| +44 (0) 20 7029 8000 |
J.P. Morgan Cazenove (Joint Corporate Broker & Financial Adviser) William Simmonds Jeremie Birnbaum
| +44 (0)207 742 4000 |
Teneo (Financial PR) Elizabeth Snow Faye Calow
| +44 (0) 20 7353 4200 |
Apex Fund and Corporate Services (Guernsey) Limited (Company Secretary) Aoife Bennett
| +44 (0) 20 3530 3107 |
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
Related Shares:
Sequoia Economic Infrastructure Fund