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Sequoia Economic Infrastructure Income Fund Ltd - London-based income fund with investments in sectors including transport, renewables and accommodation - Net asset value at April 30 is 93.06 pence per share, down 0.2% from 93.26 pence per share at March 31, due to the payment of a 1.72p dividend offsetting interest income and valuation rise. Declares another 1.72p dividend for quarter ended March 31. Has cash of £100.9 million at April 28, up from £79 million at October 31 and has drawn £179.9 million on £325.0 million on revolving credit facility. Invested portfolio at April 28 consists of 62 private debt investments and 7 infrastructure bonds with 12% annualised yield to maturity and 7.4% cash yield. Says economic infrastructure debt investment pipeline remains strong with 9% to 11% yields and has adequate liquidity to cover margin calls on its hedging book. Current stock price: 82.97p, up 0.1% in London on Friday 12-month change: down 16% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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