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Sequoia Economic Infrastructure Income Fund Ltd on Thursday said net asset value per share fell by 0.36 pence in May from the previous month.
The London-based income fund's NAV stood at 98.39p at May 31, down 0.4% from 98.75p on April 30.
Sequoia said interest income of 1.17p per share and a small gain on currency movement was more than offset by a decrease in asset valuations of 1.54p, resulting in the NAV decline.
At May 31, Sequoia had cash of £170.2 million and had drawn £123.1 million on its £325 million revolving credit facility. The company also had undrawn commitments on its existing investments, which were collectively valued at £63 million.
Shares in Sequoia were up 0.5% at 97.45 pence on Thursday in London.
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