17 October 2024
Sequoia Economic Infrastructure Income Fund Limited
(the "Company")
Dividend Declaration
Interim Dividend for the Period Ended 30 September 2024
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 30 September 2024:
| Ex-Dividend Date:
| 24 October 2024
|
| Record Date:
| 25 October 2024
|
| Payment Date:
| 22 November 2024 |
| 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 30 September 2024. As the closing price for the Company's ordinary shares on 15 October 2024 (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 30 September 2024 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 £239,248.94. 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 (Corporate Broker & Financial Adviser) Gaudi Le Roux Stuart Klein
| +44 (0) 20 7029 8000 |
| Teneo (Financial PR) Martin Pengelley Elizabeth Snow
| +44 (0) 20 7353 4200 |
| Sanne Fund Services (Guernsey) Limited (Company Secretary) Matt Falla Shona Darling
| +44 (0) 20 3530 3667 |
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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