State Street Corporation, the Boston-based financial powerhouse, has revealed a significant shareholding in Sequoia Economic Infrastructure Income Fund Limited (SEQI), exceeding the 5% voting rights threshold. The TR-1 notification, submitted to the FCA on 14 September 2026, confirms that the threshold was crossed on 8 September 2026. This disclosure marks a new major holding in the Guernsey-registered infrastructure debt fund, moving from a previously reported 0.00% position.
Key Points
- Sequoia Economic Infrastructure Income Fund Limited (SEQI)
- State Street Corporation reported a 5.02% voting rights stake through a TR-1 major holdings notification filed with the FCA
- State Street holds 73,633,442 voting rights; threshold crossed on 8 September 2026, with issuer notified on 14 September 2026; prior position was 0.00%
- Market participants will monitor if State Street adjusts this stake in future regulatory disclosures
State Street Reports 5.02% Direct Voting Rights Stake in SEQI
The TR-1 filing confirms that State Street Corporation owns 73,633,442 voting rights in Sequoia Economic Infrastructure Income Fund Limited, equating to 5.02% of total voting rights. This entire stake is held via direct voting rights linked to shares under ISIN GG00BV54HY67, with no financial instruments or indirect holdings involved. The previous notified holding was 0.00%, indicating this crossing of the 5% regulatory threshold is a new disclosure rather than an incremental increase.
Holding Structure Involves State Street Global Advisors Entities
The notification details a chain of controlled undertakings through which these voting rights are held, comprising two disclosed chains. Both chains originate from State Street Corporation through State Street Global Advisors, Inc. and State Street Global Advisors International Holdings Inc., then diverge: one chain passes through State Street Global Advisors Switzerland Holdings GmbH to State Street Global Advisors Limited, while the other routes via the same Swiss holding to State Street Global Advisors Europe Limited. State Street Corporation itself is noted as not being controlled by any natural person or legal entity.
Context: SEQI’s Guernsey Domicile and Infrastructure Debt Investment Focus
Sequoia Economic Infrastructure Income Fund Limited is classified as a non-UK issuer and is incorporated in Guernsey, as stated in the TR-1 form. The fund specializes in economic infrastructure debt investments, targeting sectors such as transport, energy, and social infrastructure primarily across European markets. Its income-focused strategy, which generates returns through lending to infrastructure projects, places it within a niche segment of closed-ended investment companies that have attracted institutional asset managers seeking alternative income opportunities.
FCA Regulatory Compliance and Disclosure Timeline
In accordance with the FCA’s Disclosure Guidance and Transparency Rules, major shareholders must notify issuers upon crossing specified voting rights thresholds, including the 5% level. State Street fulfilled this obligation within the required timeframe, with the threshold crossing dated 8 September 2026 and the issuer notified on 14 September 2026. The notification was completed in Boston, Massachusetts, aligning with State Street Corporation’s registered office location.