Sequoia Economic Infrastructure Income Fund Ltd.

Notice of Dividend Amount • Jan 17, 2024

National Storage Mechanism | Additional information

RNS Number : 0482A

Sequoia Economic Infra Inc Fd Ld

17 January 2024

17 January 2024

Sequoia Economic Infrastructure Income Fund Limited  

(the "Company")

Dividend Declaration

Investment Adviser Shares

Interim Dividend for the Period Ended 31 December 2023

The Directors of the Company have declared that an interim dividend of 1.71875p per share will be payable to holders of Ordinary Shares as follows in respect of the three-month period ended 31 December 2023:

Ex-Dividend Date:	25 January 2024
Record Date:	26 January 2024
Payment Date:	29 February 2024
Dividend per Ordinary Share:	1.71875 pence per share

As previously announced by the Company on 6 May 2022, the Board had exercised its discretion to suspend the Scrip Dividend Alternative. The Company has introduced the option for shareholders to invest their dividend in a Dividend Reinvestment Plan ("DRIP").

Investment Adviser Shares

The Company further announces that in accordance with the terms of the Investment Advisory Agreement between the Company and Sequoia Investment Management Company Limited (the "Investment Adviser"), the Board has considered the issue of shares to the Investment Adviser for the relevant portion of the fees payable to the Investment Adviser for the three-month period ended 31 December 2023. As the closing price for the Company's ordinary shares on 11 January 2024 (being the trading day following the payment of the relevant portion of the quarterly fee due to the Investment Adviser) was at a discount to the last published NAV per share, the relevant portion of the fees payable to the Investment Adviser for the three month period ended 31 December 2023  which would otherwise have been issued as shares, will instead be paid by the Company to the Investment Adviser in cash in the amount of  £246,815. The Investment Adviser had committed to issue an irrevocable instruction upon receipt of the funds to utilise such cash to acquire ordinary shares in the capital of the Company in the market without delay and such shares will be subject to a three-year rolling lock-up in accordance with the terms of the Investment Advisory Agreement. The Investment Adviser owns 5,708,663 shares, excluding holdings by individuals at the Investment Adviser.

For further information please contact:

Sequoia Investment Management Company Steve Cook Dolf Kohnhorst Randall Sandstrom Greg Taylor Anurag Gupta	+44 (0) 20 7079 0480
Jefferies International Limited (Corporate Broker & Financial Adviser) Gaudi Le Roux Stuart Klein	+44 (0) 20 7029 8000
Teneo (Financial PR) Martin Pengelley Elizabeth Snow	+44 (0) 20 7353 4200
Sanne Fund Services (Guernsey) Limited (Company Secretary) Matt Falla Lisa Garnham

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