CQS New City High Yield Fund issues 1 million shares at 50.3p

LONDON - CQS New City High Yield Fund Limited has announced plans to issue 1,000,000 ordinary shares at a price of 50.3 pence each. The shares will be issued from the company's blocklisting facility on Thursday, bringing the company's total issued share capital to 730,551,858 ordinary shares. This issuance will result in no shares being held in treasury.

The total voting rights in the company will also be 730,551,858 following the share issuance. The company suggests that shareholders can use this figure as the denominator when calculating their obligation to notify their interest in the company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. Manulife CQS Investment Management is the investment manager for CQS New City High Yield Fund Limited, while BNP Paribas S.A., Jersey Branch serves as the company secretary and administrator. Singer Capital Markets LLP acts as the broker for the fund.