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Prices & Quotes - UK Markets - Sequoia Economic Infrastructure Income Fund Limited (SEQI)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
104.00p
Change Today:
0.000p
Market Cap:
1,722.61m
Sector:
Equity Investment Instruments

SEQI fund considers share issue to fund investments

By Sean Farrell

Date: Tuesday 14 May 2019

LONDON (ShareCast) - (Sharecast News) - Sequoia Economic Infrastructure Income Fund (SEQI) said it was considering raising fresh equity to take advantage of investment opportunities.
SEQI, which invests in infrastructure debt, said that after using up most of its 150m revolving credit facility it had secured an extra 50m of credit through an "accordion tranche".

At the end of April, SEQI had 113.9m of drawings on its credit facility and cash of 25.5m, resulting in net leverage of 88.4m. It also had undrawn commitments and extra investments in settlement of 84.2m.

The company said its investment adviser saw more opportunities available for investment and that this pipeline was greater than the amount of undrawn leverage available.

"Taking into account these opportunities, the board is pleased to announce that the company is considering a further issue of equity."

A share issue will be at a price that adds to net asset value and will include significant pre-emption rights for existing shareholders, the company said.





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SEQI Market Data

Currency UK Pounds
Price 104.00p
Change Today 0.000p
52 Week High 118.26p
52 Week Low 76.20p
Volume 867,928
Shares Issued 1,656.35m
Market Cap 1,722.61m

Performance Indicators

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SEQI Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 23-Jul-20 23-Apr-20
Paid 28-Aug-20 22-May-20
Amount 1.56p 1.56p

Trades for 25-Sep-2020

Time Volume / Share Price
16:35 132,200 @ 104.00p
16:20 2,500 @ 104.12p
16:04 614 @ 104.12p
16:03 913 @ 104.20p
16:03 247 @ 104.00p

SEQI Key Personnel

Chair Robert Jennings