Update research from QuotedData

RNS Number : 5761R

CQS New City High Yield Fund Ltd

30 June 2020

 

CQS New City High Yield - Update research from QuotedData

30^th June 2020

Sitting pretty

At the height of the market turmoil in March, CQS New City High Yield (NCYF) saw its share price fall faster and further than its NAV (to 27p), before rapidly recovering. The market has been concerned about the ability of the issuers of the bonds held by NCYF to meet their obligations in the face of the covid-19 pandemic. However, with one small exception, all of NCYF holdings have met their obligations in full (no missed interest payments and no failures to repay loans when they fall due).

Full research:

https://quoteddata.com/research/cqs-city-high-yield-sitting-pretty/

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NB: Marten & Co was paid to produce this note on CQS New City High Yield Fund Limited and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

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