CQS New City High Yield Fund issues 500,000 new shares at 50.5p
CQS New City High Yield Fund Limited disclosed on Tuesday the issuance of 500,000 ordinary shares at 50.5 pence each, as stated in a press release. These shares will be sold for cash through the company's blocklisting facility on Friday. The announcement was made on Tuesday. Post-issuance, the total issued share capital is projected to be 713,851,858 ordinary shares, with no shares held in treasury, representing the total voting rights in the company.
The company emphasized that shareholders should use this figure as the denominator when assessing whether they need to notify their interest or changes to their interest, in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules. Manulife CQS Investment Management is the fund's investment manager, while BNP Paribas S.A., Jersey Branch assumes the roles of company secretary and administrator.
Singer Capital Markets LLP is the broker facilitating the transaction. This report was AI-assisted and subsequently reviewed by an editor. For further details, refer to the Terms and Conditions.
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