Sequoia Economic Infrastructure Income Fund Limited (SEQI), a Guernsey-registered closed-ended investment company focused on economic infrastructure debt, has announced the purchase of 150,000 ordinary shares at a fixed price of 79.50 pence per share on 5 November 2026. The shares are to be held in Treasury, bringing the company's total Treasury holding to 150,259,932 shares including those purchased but not yet settled. Following the transaction, the total number of shares in issue, excluding Treasury shares, stands at 1,463,932,623, which also represents the total voting rights in the company. Investors in this FTSE-listed infrastructure income fund may watch the buyback programme as a signal of the board's view on value relative to net asset value.

Key Points

  • Sequoia Economic Infrastructure Income Fund Limited (SEQI) — Guernsey-registered closed-ended investment company
  • The company purchased 150,000 ordinary shares on 5 November 2026 at 79.50 pence per share for Treasury
  • Total Treasury holding now stands at 150,259,932 shares; shares in issue (excluding Treasury) total 1,463,932,623
  • Investors should watch for further buyback activity and any update on the fund's net asset value relative to the buyback price

SEQI Purchases 150,000 Shares at 79.50p in Single-Price Treasury Transaction

The announcement confirms that Sequoia Economic Infrastructure Income Fund executed the purchase of 150,000 ordinary shares on 5 November 2026, with the highest, lowest, and average price each recorded identically at 79.50 pence per share. This uniformity indicates all shares were acquired at a single price point. The shares will be held in Treasury rather than cancelled, meaning they may potentially be reissued in future. The company did not disclose the total cash consideration for the transaction in the announcement, though the fixed per-share price and volume are both confirmed.

Treasury Share Position and Voting Rights Denominator After the Buyback

Including shares purchased but not yet settled, SEQI's total Treasury holding now amounts to 150,259,932 shares. The total number of shares in issue, excluding Treasury shares, is 1,463,932,623, and this figure also represents the company's total voting rights. The announcement notes that shareholders may use this number as the denominator when calculating whether they are required to disclose an interest, or a change in interest, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules — a standard obligation for listed companies following any change to share capital.

SEQI's Infrastructure Debt Strategy and Closed-Ended Fund Structure

Sequoia Economic Infrastructure Income Fund is advised by Sequoia Investment Management Company Limited and targets regular, sustained, long-term distributions alongside capital appreciation. It achieves this through a diversified portfolio of senior and subordinated economic infrastructure debt investments. As a closed-ended structure registered in Guernsey, the fund does not issue or redeem shares on demand in the way an open-ended fund would, making buyback programmes one of the primary mechanisms available to manage any discount between the share price and underlying asset value. Joint corporate brokers are Jefferies International Limited and J.P. Morgan Cazenove.