New City High Yield Fund Ltd : Half-yearly report

For filings with the FCA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ii				New City High Yield Fund Ltd
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):	Change in controlled undertakings				x
3. Full name of person(s) subject to the notification obligation:iii		Brewin Dolphin Limited
4. Full name of shareholder(s)  (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached:v		14th November 2014
6. Date on which issuer notified:		17th November 2014
7. Threshold(s) that is/are crossed or reached: vi, vii		13%

8. Notified details:

A: Voting rights attached to sharesviii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

ORD NPV

42,663,447

42,663,447

N/A

N/A

41,682,191

N/A

13.6529%

JE00B1LZS514

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

41,682,191

13.6529%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: ^xxi

Indirect - Brewin Nominees (Channel Islands) Limited	630,634	0.2066	%
Indirect - Brewin Nominees Limited - Individual Designations	583,665	0.1912	%
Indirect - Brewin Nominees Limited  A/c NOM	16,035,536	5.2524	%
Indirect - Brewin Nominees Limited A/c ISA	15,888,375	5.2042	%
Indirect - Brewin Nominees Limited  A/c GROSS	5,398,147	1.7681	%
Indirect - Brewin Nominees Limited A/c CHARITY	3,080,054	1.0089	%
Indirect - Brewin Nominees Limited A/c OFFBOND	65,780	0.0215	%
GRAND TOTAL	41,682,191	13.6529	%

Proxy Voting:
10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:

13. Additional information:

Figures based on shares in issue of 305,299,173
The indirect voting rights under (9) relate to shares held in client portfolios, managed by those firms, under discretionary investment management agreements.  


14. Contact name:
Mark Taylor
15. Contact telephone number:
0191 279 7332

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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: New City High Yield Fund Ltd via Globenewswire

HUG#1873359