Dec 05, 2024 / 09:00AM GMT
Randall Sandstrom - Sequoia Investment Management Company - CEO and CIO
Good morning, everyone. Welcome to the first half fiscal year '25 interims call on SECI. This covers the period from 1 April 24 through 30. September 24. I'm Randall Sandstrom. And also on the call with me this morning is Steve Cook, head of portfolio management and Matt Diamond head of client capital.
If we turn right to the introduction, Seci's portfolio has had a good six month period and our resilient portfolio has generated substantial cash during the period with NAV climbing from 93 spot 77 at year in fiscal '24 to 95 spot 03 for the period ending 30 September 24 dividends paid have been 3.4375 per share. And this is consistent with our full year dividend target of six and 78 P per share and it's cash covered at 1.06 times.
We've been able to maintain credit quality of the portfolio without a reduction in targeted yields. 58.5% of the portfolio is senior secured loans and we have low construction exposure at 8.1% of the portfolio.
We're happy to report that we've made good progress on nonperforming
Half Year 2025 Sequoia Economic Infrastructure Income Fund Ltd Earnings Call Transcript
Dec 05, 2024
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