Sequoia Economic Infrastructure Income Fund Limited (SEQI), a Guernsey-registered closed-ended investment company focused on economic infrastructure debt, has announced the purchase of 200,000 of its own ordinary shares on 2 November 2026. The shares were acquired at an average price of 79.16 pence each and will be held in treasury rather than cancelled. Following the transaction, the company now holds 149,359,932 shares in treasury, with 1,464,832,623 shares remaining in issue and carrying full voting rights.

Key Points

  • Sequoia Economic Infrastructure Income Fund Limited (SEQI) — Guernsey-registered closed-ended investment company
  • The company purchased 200,000 ordinary shares on 2 November 2026 to be held in treasury
  • Average price paid was 79.16 pence per share; highest price 79.60p, lowest 78.71p
  • Investors should watch the pace of further buybacks and any narrowing of the discount to net asset value

SEQI Purchases 200,000 Shares on 2 November 2026 at Prices Between 78.71p and 79.60p

The announcement confirms that Sequoia Economic Infrastructure Income Fund completed a buyback of 200,000 ordinary shares of no-par value on 2 November 2026. The highest price paid per share was 79.60 pence, while the lowest was 78.71 pence, producing a volume-weighted average of 79.16 pence. The company did not disclose the total aggregate cost of the transaction in the announcement. These shares will be retained in treasury rather than cancelled immediately, which preserves the option to reissue them at a later date should market conditions prove favourable for the fund.

Treasury Share Position Rises to 149,359,932 Shares Following Latest Buyback

Including shares purchased but not yet settled, SEQI now holds 149,359,932 shares in treasury following this transaction. The total number of shares in issue, excluding those held in treasury, stands at 1,464,832,623. Under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, this in-issue figure serves as the denominator that shareholders must use when assessing whether their interests trigger notification obligations. The scale of the treasury holding relative to the total share count indicates that SEQI has been conducting buyback activity over an extended period, the announcement states.

SEQI's Infrastructure Debt Strategy and Closed-Ended Structure Underpin the Buyback Context

Sequoia Economic Infrastructure Income Fund is advised by Sequoia Investment Management Company Limited and seeks to deliver 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 Guernsey-registered closed-ended vehicle, SEQI's shares trade on the secondary market and can stand at a discount or premium to net asset value — a key structural dynamic that often motivates investment trust boards to deploy buyback programmes as a discount-management tool, though the announcement does not explicitly link this purchase to any specific discount target.

Jefferies and J.P. Morgan Cazenove Serve as Joint Corporate Brokers to the Fund

The company is supported by two joint corporate brokers and financial advisers: Jefferies International Limited and J.P. Morgan Cazenove. FundRock Management Company (Guernsey) Limited acts as the fund's Alternative Investment Fund Manager, while Apex Fund and Corporate Services (Guernsey) Limited serves as company secretary. Investors monitoring SEQI's capital management activity should note that further buyback announcements may follow, subject to board authorisation and prevailing market conditions, though no forward guidance on additional purchases was provided in this announcement.