CQS New City High Yield Fund issues 1 million new shares at 50.4p

LONDON - CQS New City High Yield Fund Limited announced on Monday its intention to issue 1 million ordinary shares, priced at 50.4 pence each, as per a press release. The shares are set to be issued from the company's blocklisting facility on Thursday. The announcement of the share issue was made on Monday. After the issuance, the company's total issued share capital is expected to reach 713,351,858 ordinary shares by Thursday, with no shares held in treasury.

This total number of shares represents the total voting rights in the company. The company clarified that the updated share count may be used by shareholders as the denominator for calculations to determine if they need to notify changes to their interest, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Manulife CQS Investment Management is responsible for managing the fund, BNP Paribas S.A., Jersey Branch acts as the company secretary and administrator, and Singer Capital Markets LLP serves as the broker. This report was generated with the assistance of AI and has been reviewed by an editor. Additional information can be found in the Terms and Conditions.