Block Listing Application

RNS Number : 8549A

CQS New City High Yield Fund Ltd

01 October 2020

 

1 October 2020

CQS New City High Yield Fund Limited

("the Company")

Block Listing Application

The Board announces that an application has been made to the UK Listing Authority and the London Stock Exchange for the block listing of 43,000,000 new shares of no par value in the capital of the Company ("Shares"). This block listing will be used for the purposes of responding to satisfy market demand and, as a result, ensure an efficient market in its shares. It is expected that this block listing will become effective at 8.00 a.m. on 7 October 2020.

Any Shares issued in connection with this block listing application:

• will be issued at prices which shall be a premium to latest net asset value per Share prior to the issue and, therefore, will not result in any dilution of the net asset value per existing Shares

• will rank, when issued, pari passu with the Shares already in issue.

ENQUIRIES

For the Investment Manager

New City Investment Managers

Craig Cleland

0207 201 5368

For the Company Secretary and Administrator

BNP Paribas Securities Services S.C.A. Jersey Branch

Dean Plowman / Ryan Gibson

01534 813 967/ 01534 813 996

For the Broker

Nplus1 Singer Advisory LLP

James Maxwell / James Moat (Corporate Finance)

Alan Geeves (Sales)

020 7496 3000

 

END

 

 

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