Sequoia Economic Infra Inc Fd Ld Scrip Share Reference Price (6445D)

TIDMSEQI

RNS Number : 6445D

Sequoia Economic Infra Inc Fd Ld

29 October 2020

29 October 2020

Sequoia Economic Infrastructure Income Fund Limited

(the "Company")

Scrip Share Reference Price

The reference price of a new Ordinary Share under the Company's scrip dividend alternative for the second quarterly interim dividend for the financial period ending 30 September 2020 (the "Q2 Dividend") has been set at 106.04p. This is the average of the middle market prices of the Company's Ordinary Shares derived from the London Stock Exchange Daily Official List for the ex-dividend date and the four subsequent dealing days.

Further information regarding the scrip dividend offered in respect of the Q2 Dividend and the scrip dividend scheme can be found in the Scrip Dividend Circular (the "Scrip Circular") available on the Company's website to view and/or download at http://www.seqifund.com. The Scrip Circular is also available on the National Storage Mechanism website at

https://data.fca.org.uk/#/nsm/nationalstoragemechanism. Copies of the Scrip Circular are also available for inspection at Sarnia House, Le Truchot, St Peter Port, Guernsey.

If no elections for the scrip dividend alternative are received, the total cash dividend payable by the Company would be GBP25,880,530.

If all eligible Shareholders elected, under the scrip dividend alternative, to receive the Q2 Dividend in the form of new shares in the capital of the Company ("Ordinary Shares") rather than in cash in respect of their entire holdings, 24,406,384 Ordinary Shares would be issued (ignoring any reduction in respect of fractions), representing approximately 1.47% of the issued Ordinary Share capital of the Company as at today's date.

The Q2 Dividend payment date and the date for admission and dealing of the new Ordinary Shares to be issued pursuant to the Scrip Dividend Alternative is expected to be 27 November 2020.

For further information please contact:

 
 Sequoia Investment Management 
  Company 
  Steve Cook 
  Dolf Kohnhorst 
  Randall Sandstrom 
  Greg Taylor                         [phone] 
 Jefferies International Limited 
  (Corporate Broker & Financial 
  Adviser) 
  Neil Winward 
  Gaudi Le Roux                       [phone] 
 Tulchan Communications (Financial 
  PR) 
  Elizabeth Snow 
  Martin Pengelley 
  Deborah Roney                       [phone] 
 Praxis Fund Services Limited 
  (Company Secretary) 
  Matt Falla 
  Katrina Rowe                        [phone] 
 

About Sequoia Economic Infrastructure Income Fund Limited

The Company 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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October 29, 2020 07:59 ET (11:59 GMT)