Sequoia Economic Infrastructure Income Fund Limited (SEQI), the Guernsey-registered closed-ended investment company focused on economic infrastructure debt, has announced the purchase of 250,000 of its own ordinary shares on 10 November 2026. All shares were acquired at a uniform price of 81.40 pence per share, and the company intends to hold them in treasury rather than cancel them. The buyback reduces the number of shares in public circulation and is likely to be monitored closely by investors tracking the fund's capital management strategy.

Key Points

  • Sequoia Economic Infrastructure Income Fund Limited (SEQI)
  • The company purchased 250,000 ordinary shares on 10 November 2026 at 81.40 pence per share, to be held in treasury
  • Total treasury holding, including shares purchased but not yet settled, now stands at 150,759,932 shares; shares in issue excluding treasury total 1,463,432,623
  • Investors should watch for further buyback announcements and any updates to the fund's distribution or net asset value guidance

SEQI Purchases 250,000 Shares at 81.40p in Single-Price Treasury Transaction

The announcement confirms that all 250,000 shares were bought at the same price of 81.40 pence, with the highest, lowest, and average price paid each recorded at that level. This uniformity indicates the transaction was executed at a single consistent market price. The shares will be held in treasury, meaning they remain issued but carry no voting rights and are not included in the company's total voting share count. Treasury holdings can be reissued at a later date, giving the fund flexibility in managing its capital structure without permanently retiring the shares.

Treasury Holdings Rise to 150,759,932 Shares Following Latest Buyback

Including shares purchased but not yet settled, SEQI's total treasury position now stands at 150,759,932 shares following this transaction. The total number of shares in issue, excluding those held in treasury, is 1,463,432,623. This figure represents the total voting rights in the company and serves as the denominator shareholders must use when calculating whether they are required to disclose interests or changes to interests under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. Shareholders are advised to use this updated figure for any such regulatory calculations going forward.

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

Sequoia Economic Infrastructure Income Fund is a Guernsey-registered closed-ended investment company advised by Sequoia Investment Management Company Limited. The fund targets regular, sustained, long-term distributions and capital appreciation through a diversified portfolio of senior and subordinated economic infrastructure debt investments. Closed-ended funds trading at a discount to net asset value will often conduct share buybacks as a capital management tool, as repurchasing shares at below-NAV prices can be accretive for remaining shareholders. Whether SEQI's buyback programme is driven by a discount to NAV was not stated in the announcement.

Joint Brokers Jefferies and J.P. Morgan Cazenove Support SEQI's Market Activity

SEQI's market operations are 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 seeking further information on the transaction may contact Sequoia Investment Management Company directly or reach the fund's financial public relations adviser, Sodali. The company's LEI is 2138006OW12FQHJ6PX91.