CQS New City High Yield Fund Limited announced the issuance of 2.5 million ordinary shares at 50 pence each, through its blocklisting facility. The new shares, set to be issued for cash on Thursday, will bring the company’s total issued share capital to 603,401,858 ordinary shares.
Following the issuance, the fund clarified that there will be no shares held in treasury. As a result, the total voting rights in the company will equal the number of ordinary shares. This change will take effect on Thursday, May 13, 2025, and will serve as the denominator for shareholders to calculate any necessary notifications under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The move is part of the company’s strategy to raise capital. The funds from this issuance will be used for general corporate purposes, though no specific projects or investments were mentioned.
Shareholders are advised to use the updated figure of 603,401,858 ordinary shares for any required notifications. The announcement ensures compliance with market regulations and provides transparency to investors.
BNP Paribas (OTC:BNPQY) S.A., Jersey Branch, serves as the Company Secretary and Administrator, with Manulife | CQS Investment Management as the Investment Manager. Singer Capital Markets LLP acted as the Broker for this transaction, and TB Cardew is the Public Relations Adviser.
This press release serves to inform shareholders and potential investors about the latest developments. Interested parties should conduct their own research before making any investment decisions.
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