Overview
Sequoia Economic Infrastructure Income Fund aims to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments.
You can access the company’s website here
Fundamentals
Price
Research History
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06 Sep 2024 1 min read
Interview with Randall Sandstrom from Sequoia Economic Infrastructure Income Fund
In this week’s show, James Carthew spoke to Randall Sandstrom from Sequoia Economic Infrastructure Income Fund. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email Aiman. Additionally, if you […]
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11 Dec 2020 1 min read
Interview with Steve Cook of Sequoia Economic Infrastructure Income
In this week’s show, James Carthew talked to Steve Cook of Sequoia Economic Infrastructure Income. Watch it again here If you were looking for QuotedData’s roundup of the week’s news, this is now in the news section – just click here If there is a guest speaker you’d particularly like to hear from, please email us – [email protected]. […]
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17 Apr 2020 8 min read
QuotedData’s Investment Companies Quarterly Review – First Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research The legal bit Unprecedented times We have knitted […]
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10 Mar 2020 7 min read
QuotedData’s Investment Companies Roundup – March 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide New research Here is a list of research we published over February: An initiation note on Montanaro UK Smaller Companies Trust (MTU) […]
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24 Jan 2020 20 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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06 Dec 2019 5 min read
QuotedData’s economic roundup – December 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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15 Oct 2019 7 min read
Investment companies quarterly roundup – Third quarter 2019
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford New research Over the third quarter, we published notes on India Capital Growth, Jupiter Emerging & Frontier Income, Montanaro European Smaller Companies, JLEN Environmental Assets, Civitas Social Housing, JPMorgan Russian Securities, International Biotechnology Trust, Aberdeen Emerging Markets, Seneca Global Income & Growth, Standard Life Investments Property Income […]
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07 Oct 2019 5 min read
QuotedData’s investment companies roundup – October 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over September, we published notes on India Capital Growth, Jupiter Emerging & Frontier, International Biotechnology Trust, JPMorgan Russian Securities, Civitas Social Housing, Montanaro European Smaller Companies and JLEN Environmental Assets. We also launched a monthly real estate roundup, beginning with reviews of August and September. In […]
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07 Aug 2019 5 min read
QuotedData’s economic roundup – August 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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12 Jul 2019 6 min read
Quarterly investment companies roundup – Second quarter 2019
Quarterly investment companies roundup – Second quarter 2019 QuotedData news Global equities re-found momentum in June after a cautious April and May. How much longer this ten-year bull market can sustain itself continues to be the subject of much debate. The prospect of interest rate cuts in the US has re-invigorated sentiment for the time […]
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05 Jul 2019 3 min read
QuotedData’s investment companies roundup – July 2019
Investment Companies Roundup New research Over June, we published notes on CQS Natural Resources Growth and Income, Standard Life Private Equity and Shires Income. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – there was a greater appetite for risk in June as […]
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13 Nov 2018 1 min read
QuotedData’s investment companies roundup – November 2018
QuotedData’s investment companies roundup – November 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2018. Kindly sponsored by Baillie Gifford. Winners and losers in October In what was generally a miserable month for equity markets, Brazil shone […]
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
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11 Jul 2018 1 min read
QuotedData’s Economic round up – July 2018
QuotedData’s Economic round up – July 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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11 Jun 2018 1 min read
QuotedData’s investment companies roundup – June 2018
QuotedData’s investment companies roundup – June 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2018. Kindly sponsored by Baillie Gifford. The premium of biotech company, Syncona, rose on positive news on two of its […]
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25 Apr 2018 1 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
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07 Feb 2018 2 min read
QuotedData investment companies roundup – February 2018
QuotedData investment companies roundup – February 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2018. Kindly sponsored by Baillie Gifford. The oil price was up again over the month and this helped propel […]
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10 Jan 2018 1 min read
QuotedData’s economic round up – January 2018
QuotedData’s economic round up – January 2018 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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14 Jun 2017 1 min read
QuotedData investment companies roundup – June 2017
QuotedData investment companies roundup – June 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]
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31 Jan 2017 1 min read
QuotedData – 2016 review of the year
Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup
News
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15 Apr 2025 1 min read
QuotedData’s morning briefing 15 April 2025 – BOOK, CORD, HEIT, SHED/AIC, SEQI
In QuotedData’s morning briefing 15 April 2025: We also have: Did you miss from yesterday?
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18 Jul 2024 1 min read
QuotedData’s morning briefing 18 July 2024 – OIT, ESO, SEQI, DSM, HICL
In QuotedData’s morning briefing 18 July 2024: Odyssean Investment Trust (OIT) raised £11.4m from its placing and retail offer (the latter made through Winterflood’s WRAP platform). 6,542,159 new shares will be issued at 174p each (NAV plus 1%), 361,041 of those were to the retail offer. [This isn’t too bad in the current environment, although, […]
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26 Jun 2024 2 min read
Solid returns for Sequoia Economic Infrastructure despite macro challenges
Sequoia Economic Infrastructure (SEQI) has announced its annual results for the year ended 31 March 2024. The company delivered a NAV total return of 8.1% for the year, in excess of target return of 7-8%. Total dividends were 6.875p per ordinary share, in line with the target of a 10% increase. The share price total […]
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17 Jun 2024 2 min read
QuotedData’s daily briefing 17 June 2024 – BHMG, SEQI, PCTN, CLI
In QuotedData’s daily briefing 17 June 2024: BH Macro (BHMG) has announced an increased annual buyback allowance. Under the new agreement, the allowance for 2024 (which would have previously been capped at 5% of issuance for each currency of shares) has been increased by an amount equal to its unused allowance for the sterling shares […]
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04 Dec 2023 3 min read
QuotedData’s morning briefing 4 December 2023 – GSF, SEQI, SYNC, SBO, INOV, IGC, JLEN, SEIT
In QuotedData’s morning briefing 4 December 2023: Gore Street Energy Storage Fund (GSF) has announced that its investment manager, Gore Street Capital, has been selected as the co-manager of Japan’s first dedicated fund for grid storage batteries, with the Tokyo Metropolitan Government as the cornerstone investor, contributing £10.6m to the fund. Sequoia Economic Infrastructure Income Fund […]
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24 Nov 2023 1 min read
QuotedData’s morning briefing 24 November 2023 – CTPE, SEQI, TFIF
QuotedData’s morning briefing for 24 November 2023 CT Private Equity Trust (CTPE) released its quarterly update for the three months ended 30 September 2023. CTPE reported a NAV per share of 696.3p, reflecting a total return of 3.3% for the quarter, as well as a share price total return of 0.4%. A quarterly dividend of […]
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29 Jun 2023 5 min read
Sequoia Economic Infrastructure chairman bemoans discount widening
Sequoia Economic Infrastructure’s chairman has bemoaned the discount widening that hit the fund over its latest reporting period, but investors may have concerns about credit quality. Sequoia Economic Infrastructure has published annual results covering the 12 months ended 31 March 2023. Over that period, it delivered an NAV return of -0.9% and a share price […]
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14 Jun 2023 1 min read
QuotedData’s morning briefing 14 June 2023
RTW Venture Fund Limited (RTW) announced the unaudited update for the month of May, with NAV growing 1.9% to US$365.2m. Shares rose 2.5% over the same period, and the discount narrowed slightly to 26%. Sequoia Economic Infrastructure Income Fund (SEQI) provided a NAV and investments update for May with NAV growing around 66 basis points […]
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17 May 2023 1 min read
QuotedData’s morning briefing 17 May 2023
Sequoia Economic Infrastructure Income Fund (SEQI) provided a monthly update for April. The company’s NAV grew 1.5% over the course of the month. The company also added an additional purchase of Samhällsbyggnadsbolaget (SBB) 2027 senior corporate bonds for €5.0m (SBB is a social infrastructure property company listed on the Nasdaq Stockholm (Large Cap) and the […]
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11 Jul 2022 2 min read
Sequoia Economic Infrastructure Income achieves ‘solid performance’
Sequoia Economic Infrastructure Income achieves ‘solid performance’ – Sequoia Economic Infrastructure Income (SEQI) has posted its final results for the year to 31 March 2022. During the period under review, SEQI’s NAV per Ordinary Share decreased from 103.18p to 100.50p, after paying dividends of 6.25p, producing a NAV total return of 3.5%, lower than its […]
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17 May 2022 2 min read
QuotedData’s morning briefing 17 May 2022
In QuotedData’s morning briefing 17 May 2022: Sequoia Economic Infrastructure has received £10m from the administrators of Simple Energy (the parent of Bulb Energy). £2.5m of this covers the interest on the loan that has accrued since Simple went into administration. The other £7.5m reduces the fund’s exposure to Simple/Bulb to about 1.5% of its […]
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01 Feb 2022 2 min read
QuotedData’s morning briefing 1 February 2022
In QuotedData’s morning briefing 1 February 2022: Augmentum Fintech (AUGM) published an update on its portfolio. One interesting fact is that, while publicly listed fintech companies have fallen from an average 15.2x revenue at end June 2021 to 9.2x revenue in recent months, AUGM’s portfolio is valued on 4.2x. Over the second half of 2021, […]
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14 Dec 2021 2 min read
Sequoia takes Bulb hit
Sequoia Economic Infrastructure’s NAV fell by 0.6p over November. It has updated on the problems at Bulb and its parent company Simple. “Bulb Energy Ltd (“Bulb”) entered into the Special Administration Regime (“SAR”) on 24th November and its parent company, Simple Energy Ltd (“Simple”) entered into normal administration on the same day. The primary objective […]
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24 Nov 2021 3 min read
QuotedData’s morning briefing 24 November 2021
In QuotedData’s morning briefing 24 November 2021: Nippon Active Value (NAVF) has confirmed gross proceeds of £14m were raised from the recent issue of 10,021,432 new Ordinary Shares at 139.70 pence per share. This represents a 1.5% premium to the NAV per share at close of business on 22 November 2021. Shares will be issued […]
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23 Nov 2021 1 min read
Sequoia could be hit by busted Bulb
Sequoia could be hit by busted Bulb – Sequoia Economic Infrastructure notes press statements that Bulb Energy Ltd (“Bulb”) is supportive of entering into the special administration regime established by the Energy Act 2011. If this were to occur, the parent company of Bulb, Simple Energy Limited would enter into normal administration. £55m loan The […]
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15 Nov 2021 2 min read
QuotedData’s morning briefing 15 November 2021
In QuotedData’s morning briefing 15 November 2021: Sequoia Economic Infrastructure Income (SEQI) has refinanced and increased its existing multi-currency Revolving Credit Facility of £280m that was due to mature on 7 December 2021. The new £325m multi-currency Sustainability-Linked Revolving Credit Facility is provided by The Royal Bank of Scotland International, ING Bank, Macquarie and Raiffeisen […]
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06 Jul 2021 3 min read
Sequoia Economic Infrastructure Income hits dividend target following challenging year
Sequoia Economic Infrastructure Income hits dividend target following challenging year – Sequoia Economics Infrastructure Income (SEQI) has published its results for the year ended 31 March, during which time it achieved a NAV total return of 13.5% and a share price total return of 17.4%. SEQI also hit its target of paying a fully cash-covered dividend […]
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03 Mar 2021 2 min read
QuotedData’s morning briefing 3 March 2021
In QuotedData’s morning briefing 3 March 2021 – Sequoia Economic Infrastructure Income (SEQI), the specialist investor in economic infrastructure debt, raised £110m in a placing. A total of 104,513,064 new ordinary shares will be issued at a price of 105.25 pence per share. Steve Cook, head of portfolio management at Sequoia Investment Management Company (SEQI’s manager), said: “We […]
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23 Feb 2021 1 min read
QuotedData’s morning briefing 23 February 2021
In QuotedData’s morning briefing 23 February 2021: Sequoia Economic Infrastructure Income Fund says that it plans to raise up to a maximum of £172.9m by issuing up to 164,312,714 new ordinary shares at 105.25p. The price is a 4.0% premium to NAV and a discount of 2.7% to the closing price of 108.2p last night. The proceeds […]
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07 Dec 2020 4 min read
Sequoia Economic Infrastructure Income has a strong H1 supported by £300m early-March capital raise
Sequoia Economic Infrastructure Income’s (SEQI’s) portfolio consists of 74 investments made across 8 sectors, 28 sub-sectors and 12 mature jurisdictions. The company has this morning published interim results covering the period to 30 September 2020. Over the first half period, the company’s NAV delivered a total return of 6.9%, while the market return came in at a stronger 14.4%. SEQI […]
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25 Jun 2020 3 min read
Sequoia NAV fall hopefully temporary
Sequoia NAV fall hopefully temporary – Over the year ended 31 March 2020, Sequoia Economic Infrastructure produced a return on NAV of -0.9% (as its NAV fell from 103.41p to 96.69p) and saw its share price fall from 113p to 94p. At 31 March 2020 credit markets were in turmoil. Since the end of the company’s […]
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10 Feb 2020 1 min read
Sequoia Economic Infrastructure Income targets £250m equity raise
Further to the announcement on 20 January 2020, Sequoia Economic Infrastructure Income (SEQI), the specialist investor in economic infrastructure debt, has announced a proposed share issuance that seeks to raise £250m of gross proceeds. The company intends to use the proceeds raised from the issue to repay the drawn commitments under its £280m revolving credit […]
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20 Jan 2020 1 min read
Sequoia Economic Infrastructure £280m credit facility committed and equity raise plans afoot
The economic infrastructure debt investor, Sequoia Economic Infrastructure (SEQI), has announced that it has committed the proceeds of its £280m revolving credit facility (RCF). As at 31 December 2019, SEQI had outstanding drawings on its RCF of £224m and cash of £55.8m, amounting to in net leverage of £168.m. SEQI also had undrawn commitments on existing investments […]
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27 Nov 2019 2 min read
Highlights from Sequoia Economic Infrastructure’s interim results
Highlights from Sequoia Economic Infrastructure’s interim results – Sequoia Economic Infrastructure’s (SEQI) focus is in economic infrastructure, which includes transportation, utility, power, telecommunication, renewable and other related sectors that exhibit infrastructure characteristics and typically have demand exposure. Sequoia believes that lending into these sectors is more attractive than lending into availability-based PFI/PPP projects, which are often hotly […]
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02 Sep 2019 1 min read
Sequoia Economic Infrastructure Income Fund proposes a placing
Sequoia Economic Infrastructure Income (SEQI) has announced a proposed placing of up to 125,000,000 new ordinary shares.. The placing price is to be announced separately on or around 13 September 2019, alongside the Company’s unaudited NAV as at 30 August 2019. Stifel Nicolaus Europe Limited (“Stifel”) is acting as financial adviser and sole bookrunner to […]
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05 Jul 2019 2 min read
Sequoia Economic Infrastructure Income Fund increases dividend target
Sequoia Economic Infrastructure Income Fund (SEQI) has announced its annual results for the year ended 31 March 2019, in which it says it is increasing its dividend target to 6.25p per share. The chairman, Robert Jennings, describes these as “another strong set of results for the year, underpinned by the continued portfolio performance. In light […]
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25 Jun 2019 1 min read
Sequoia Economic Infrastructure Income completes oversubscribed issue
Sequoia Economic Infrastructure Income Fund (SEQI) has announced that, further to its announcement on 3 June 2019 that it was seeking to raise gross proceeds of £216 million by way of an Open Offer, Placing and Offer for Subscription, the Issue has been significantly oversubscribed. SEQI’s board say that investor demand for the Issue has […]
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06 Dec 2017 1 min read
Sequoia secures new revolving credit facility
Sequoia secures new revolving credit facility – The board of Sequoia Economic Infrastructure Income Fund Limited has announced that it has secured a multi-currency Revolving Credit Facility (“RCF”) of GBP100 million from The Royal Bank of Scotland International Limited (Mandated Lead Arranger), ING Bank and Investec (Arrangers). The tenor of the RCF will be three […]
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07 Dec 2016 1 min read
Sequoia Economic Infrastructure Income’s placing raises £126m
Sequoia Economic Infrastructure Income Fund has announced the results of its recent placing, which took place under its placing programme. The company was targeting a placing of in excess of £40m and, under the terms of its placing programme, has the authority to issue up to a maximum of 120m shares. The company says that […]
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21 Nov 2016 1 min read
Sequoia Economic Infrastructure running at 9.1% annualised return
Over the six months ended 30 September 2016, Sequoia Economic Infrastructure’s NAV has increased from 97.04p to 101.29p, largely as a result of interest income net of expenses of 2.64p, an increase of 2.70p in asset valuations and a gain of 1.91p in FX movements net of hedging movements, reduced by dividends of 3p. The share price has risen […]
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14 Apr 2016 1 min read
Sequoia Economic Infrastructure Income is considering a further capital raise
Sequoia Economic Infrastructure Income has announced that, “in light of the continued attractive investment environment and a growing number of opportunities in the economic infrastructure debt market, the Board of the Company is considering raising additional capital through the issuance of C Shares”. The Company says that it has deployed over 95% of the proceeds […]
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30 Nov 2015 1 min read
Sequoia Economic Infrastructure on track to meet dividend targets
Sequoia Economic Infrastructure Fund has published its first set of figures, covering the period from its incorporation up until the end of September 2015. By the end of September, 82.8% of the initial IPO proceeds had been invested in 24 assets, they had a paid a 1p dividend, the portfolio had a yield to maturity […]
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01 Sep 2015 1 min read
Sequoia to raise up to £200m through a c-share issue
Sequoia Economic Infrastructure Income Fund has confirmed its intention to raise up to £200m in new capital through a c-share issue. The issue is expected to complete in or around late October 2015 and further details of the transaction, including the availability of a pre-emptive offer in respect of a significant part of the fund […]
In The Press
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18 Dec 2023 1 min read
Bagging a bargain: 13 investment trusts pros say offer great value
by Jennifer Hill from interactive investor, 18th December 2023: Investors looking to bag a bargain need look no further than the investment trust sector where risk-off sentiment has this year sent discounts to levels not seen since the financial crisis. At the end of 2021 – before the war in Ukraine fuelled energy and food […]
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15 Jun 2022 1 min read
Wind farms, schools and broadband: Are infrastructure investment trusts the key to inflation-busting returns?
By MIKE SHEEN FOR THIS IS MONEY 14 June 2022 Infrastructure assets have long been regarded as a go-to means of achieving inflation-beating returns and, while prices soar elsewhere, the London market may currently offer investors bargain options… Renewable energy infrastructure trusts have raised more than £1billion since the start of the year, according to […]
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24 Jun 2021 1 min read
Hunt for alternatives is back on as yields slide
Fixed income experts analyse the opportunities away from government and corporate bonds JENNIFER HILL, 24 June 2021, Citywire Wealth Manager Magazine issue 558 A Treasury sell-off at the beginning of 2021 provided a brief hint that more historically normal yields were on their way. That has faded in recent months as prices once again neared […]
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23 Jul 2020 1 min read
Investment trust insider on infrastructure
Investment trust insider on infrastructure – James Carthew: infrastructure trusts look safer than equity While we haven’t yet seen a new issue, the market for fundraising by investment companies appears to be fairly healthy despite the wider economic malaise. If you are raising money in the current environment, it helps if your investments aren’t much correlated […]
