July 18, 2019 / 6:17 AM / 4 months ago

BRIEF-Sequoia Economic Infrastructure Income Fund issues new shares with trading set for July 31

July 18 (Reuters) - Sequoia Economic Infrastructure Income Fund Ltd:

* ISSUE OF SHARES IN CONNECTION WITH PAYMENT OF INVESTMENT ADVISER FEES

* HAS ISSUED TODAY 200,477 ORDINARY SHARES OF NO PAR VALUE EACH TO SEQUOIA INVESTMENT MANAGEMENT COMPANY, COMPANY’S INVESTMENT ADVISER, IN RELATION TO FEES PAYABLE FOR THREE MONTH PERIOD ENDED 30 JUNE 2019

* NEW ORDINARY SHARES ARE BEING ISSUED AT 113.6375 PENCE PER SHARE

* FOLLOWING ADMISSION, COMPANY’S ISSUED SHARE CAPITAL WILL CONSIST OF 1,261,353,491 ORDINARY SHARES

* APPLICATIONS WILL BE MADE FOR THE NEW ORDINARY SHARES TO BE ADMITTED TO THE PREMIUM SEGMENT OF THE OFFICIAL LIST, AND TO TRADING ON THE LONDON STOCK EXCHANGE’S MAIN MARKET FOR LISTED SECURITIES (“ADMISSION”)

* IT IS EXPECTED THAT ADMISSION WILL BECOME EFFECTIVE AND DEALINGS IN THE NEW ORDINARY SHARES WILL COMMENCE AT 8AM ON 31 JULY 2019

* THE NEW ORDINARY SHARES WILL RANK PARI PASSU WITH THE ORDINARY SHARES ALREADY IN ISSUE Source text for Eikon: Further company coverage: (Reporting By Pamela Barbaglia)

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