Issue of Equity

RNS Number : 6122S

New City High Yield Fund Limited

14 September 2010

 



14 September 2010

NEW CITY HIGH YIELD FUND LIMITED (THE "COMPANY")

ISSUE OF ORDINARY SHARES

The Company announces that, on 13 September 2010, 15,330,302 ordinary shares of no par value ("Ordinary Shares") were allotted, under its block listing facility, for cash at 56.33p per share (the "Issue Price").  These Ordinary Shares rank pari passu in all respects with the existing issued Ordinary Shares.  The Issue Price represents a premium of 2.5 per cent. to the unaudited cum-income net asset value of 54.96p per share as at the close of business on 10 September 2010.

Following this allotment, the Company has 168,633,330 Ordinary Shares in issue, none of which are held in treasury.

Enquiries

Chris Whittingslow/ Gordon Neilly	Canaccord Genuity Limited	T: 020 7050 6528/ 020 7050 6778
Adam Cooke	New City Investment Managers	T: 020 7201 5368
Beth Harris	Threadneedle Communications	T: 020 7653 9853/ 07904 316163

Notes

This announcement is for information purposes only and does not constitute an offer or invitation to acquire or dispose of any securities or investment advice in any jurisdiction.

 

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