Net Asset Value

To:                   THOMSON REUTERS
From:               CQS New City High Yield Fund Limited
Date:                24 June 2016

Net Asset Value

The unaudited net asset value (NAV) of the Company is noted below in pence per share. NAVs are calculated in accordance with stated policies. Applicable accounting standards and AIC recommendations are followed.

The NAV per ordinary share as at the close of business on 23 June 2016 was:

	Pence per  Share Cum  Ex Income  Income
Basic	54.56   53.67

                                                    
For further information please contact:

Martin Cassels / Claire Simpson
R&H Fund Services Limited
0131 550 3760/ 3766

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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#2023074