CQS New City High Yield Fund Limited : Issue of...

23 November 2015

CQS NEW CITY HIGH YIELD FUND LIMITED
(the "company")

ISSUE OF EQUITY

The Company announces that, conditional only on Admission becoming effective, it has allotted, by way of a tap issue in response to market demand, 5,670,940 new ordinary shares of no par value (the "New Shares") for cash, at a price of 58.50p per share, a premium to the Company's net asset value.  The New Shares will rank pari passu with the existing ordinary shares.

Applications have been made for the New Shares to be admitted to the premium segment of the FCA's official list and to the London Stock Exchange's main market ("Admission").  Admission is expected to become effective, and dealings in the New Shares are expected to commence, on 27 November 2015. 

Following the issue of the New Shares, the Company's issued share capital will consist of 361,574,417 ordinary shares, none of which are held in treasury.  Accordingly, with effect from 27 November 2015, the total number of voting rights in the Company will be 361,574,417 and that figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the FCA's Disclosure and Transparency Rules.

Enquiries

For further information please contact:

Cantor Fitzgerald
Sue Inglis (Corporate Finance) Andrew Worne / Tom Dixon / Andrew Davey (Sales)	020 7894 8016 020 7894 8529 / 8229 / 8668
New City Investment Managers
Craig Cleland Head of Corporate Development, Investment Trusts	020 7201 5368
R&H Fund Services
Martin Cassels	0131  550 3760

Important Information

This announcement is for information purposes only and does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase, any investments nor shall it (or the fact of its distribution) form the basis of, or be relied on in connection with, any contract therefor.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: CQS New City High Yield Fund Limited via Globenewswire

HUG#1968854