Sequoia Economic Infrastructure Income Fund Ltd.

AGM Information • Aug 5, 2019

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RNS Number : 9536H

Sequoia Economic Infra Inc Fd Ld

05 August 2019

5 August 2019

Sequoia Economic Infrastructure Income Fund Limited

("SEQI" or the "Company")

Result of Annual General Meeting

The board of SEQI, the specialist investor in economic infrastructure debt, is pleased to announce that, at the Annual General Meeting of the Company held earlier today, all of the proposed resolutions were approved by shareholders on a poll.

The number of Shares voted in person or by proxy on the resolutions, each of which was proposed as an ordinary resolution, was as follows.

1.             THAT the Financial Statements of the Company for the year ended 31 March 2019 with the Report of the Directors and Auditors thereon be received and adopted.

798,124,668 votes were in favour of the resolution (99.97% of votes cast) and 213,400 votes were against (0.03% of votes cast). No votes were withheld.

2.             THAT the Directors' Remuneration Report for the year ended 31 March 2019 be approved.

766,794,955 votes were in favour of the resolution 99.11% of votes cast) and 6,912,295 votes were against (0.89% of votes cast). 24,630,817 votes were withheld.

3.             THAT Jonathan Bridel be re-elected as a Director of the Company.

762,008,819 votes were in favour of the resolution (95.46% of votes cast) and 36,275,812 votes were against (4.54% of votes cast). 53,437 votes were withheld.

4.             THAT Jan Pethick be re-elected as a Director of the Company.

798,071,231 votes were in favour of the resolution (99.97% of votes cast) and 213,400 votes were against (0.03% of votes cast). 53,437 votes were withheld.

5.             THAT Robert Jennings be re-elected as a Director of the Company.

797,881,069 votes were in favour of the resolution (99.95% of votes cast) and 403,561 votes were against (0.05% of votes cast). 53,437 votes were withheld.

6.             THAT Sandra Platts be re-elected as a Director of the Company.

798,071,231 votes were in favour of the resolution (99.97% of votes cast) and 213,400 votes were against (0.03% of votes cast). 53,437 votes were withheld.

7.             THAT KPMG Channel Islands Limited be re-appointed as Auditors of the Company for the year ended 31 March 2020.

798,071,231 votes were in favour of the resolution (99.97% of votes cast) and 213,400 votes were against (0.03% of votes cast). 53,437 votes were withheld.

8.             THAT the Directors be authorised to fix the remuneration of the Auditors for their next period of office.

798,071,231 votes were in favour of the resolution (99.97% of votes cast) and 213,400 votes were against (0.03% of votes cast). 53,437 votes were withheld.

9.             THAT the Company's dividend policy, set out in the prospectus published by the Company on 19 September 2018, be approved.

798,071,231 votes were in favour of the resolution (99.97% of votes cast) and 213,400 votes were against (0.03% of votes cast). 53,437 votes were withheld.

The following were proposed as special resolutions:

10.          THAT the Company be and is hereby generally authorised, for the purposes of the Companies (Guernsey) Law, 2008, as amended (the "Law") to make market purchases (as identified in the Law) of its Ordinary Shares in issue.

798,071,231 votes were in favour of the resolution (99.97% of votes cast) and 213,400 votes were against (0.03% of votes cast). 53,437 votes were withheld.

11.          THAT in substitution for all existing authorities to disapply pre-emptions rights the Directors be and are hereby authorised to allot and issue equity securities.

766,207,368 votes were in favour of the resolution (95.98% of votes cast) and 32,077,263 votes were against (4.02% of votes cast). 53,437 votes were withheld.

For further information please contact:

Sequoia Investment Management Company Steve Cook Dolf Kohnhorst Randall Sandstrom Greg Taylor	+44 (0)20 7079 0480
Stifel Nicolaus Europe Limited Neil Winward Mark Bloomfield Gaudi Le Roux	+44 (0)20 7710 7600
Tulchan Communications (Financial PR) James Macey White Martin Pengelley Elizabeth Snow	+44 (0)20 7353 4200
Praxis Fund Services Limited (Company Secretary) Matt Falla	+44 (0) 1481 755530

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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