LONDON – CQS New City High Yield Fund Limited (the “Company”) has announced the issue of 500,000 ordinary shares at a price of 51.90 pence per share. The transaction is due to take place on Monday and the shares would be issued for cash from their block unit. After the issue, the total issued share capital of the Company will reach 580,401,858 ordinary shares, excluding shares held in the treasury.
This expansion of the share capital means that the total number of voting rights in the Company will also be 580,401,858. Shareholders can use this figure as a denominator for calculations to determine whether they are required to report their interest or a change in their interest in the Company in accordance with the Information Disclosure Instructions and transparency rules of the Financial Conduct Authority.
The company engaged various financial and public relations departments to manage the process. Manulife | CQS Investment Management, through Craig Cleland, can be contacted for investment management enquiries. Company Secretary and Administrator services are provided by BNP Paribas (OTC:) SA, Jersey Branch, with Jeremy Hamon available for contact. For corporate finance and sales inquiries please contact Singer Capital Markets LLP, with James Maxwell, James Moat and Alan Geeves as contact persons. Public relations advice is provided by TB Cardew and Tania Wild is available for enquiries.
This initiative is part of the Company’s ongoing efforts to manage its capital structure and ensure liquidity to the market. The information, based on the press release, is transmitted by RNS, the news service London Stock Exchange (LON:), and was approved by the Financial Conduct Authority in the UK.
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