C Share portfolio update and conversion timetable

RNS Number : 8601N

Sequoia Economic Infra Inc Fd Ld

03 February 2016

 

Sequoia Economic Infrastructure Income Fund Limited

(the "Company")

3 February 2016

C Share portfolio update and notice of conversion

The Board of Sequoia Economic Infrastructure Income Fund Limited is pleased to announce that the Company has now invested, or committed to invest, in excess of 85 per cent. of the net issue proceeds raised through the Company's recent C Share issue which closed in October 2015 (the "Issue").

Conversion of the C Shares will therefore now occur in accordance with the Articles (as summarised in the prospectus published in relation to the Issue on 6 October 2015).

The Calculation Time for the conversion of C Shares into Ordinary Shares is 29 January 2016. Accordingly, the conversion will be made on the basis of the respective net asset values of the C Shares and Ordinary Shares as at 29 January 2016 (the "Conversion Ratio"). The Conversion Ratio is expected to be announced on 12 February 2016.

Expected timetable

Conversion Ratio announced	Friday, 12 February 2016
Record date for conversion and C Share register closes	5.30pm on Wednesday, 2 March 2016
Cancellation of listing of C Shares, and dealings in new Ordinary Shares commence	Thursday, 3 March 2016
Crediting of CREST accounts with new Ordinary Shares	Thursday, 3 March 2016
Share certificates in respect of new Ordinary Shares dispatched	Week commencing 7 March 2016

For further information please contact:

Sequoia Investment Management Company Steve Cook Dolf Kohnhorst Randall Sandstrom Greg Taylor	[phone]
Stifel Nicolaus Europe Limited Neil Winward Mark Bloomfield Gaudi Le Roux	[phone]
Praxis Fund Services Limited (Company Secretary) Shona Darling	[phone]

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.

 

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