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LONDON - CQS New City High Yield Fund Limited has announced the issuance of 1,250,000 ordinary shares at a price of 51.1 pence per share, expanding its share capital. The new shares will be issued for cash on Thursday, increasing the total number of voting rights in the company to 610,651,858.
The issue of equity, utilizing the company’s blocklisting facility, is set to take place on June 11, 2025. Following the issuance, the investment fund will not hold any shares in treasury, meaning all issued shares will be available for voting.
This move comes as part of the company’s capital management strategy, providing investors with the denominator for calculations required by the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules. Shareholders may use this figure to ascertain if they need to notify their interest or any changes to their interest in the company.
The London Stock Exchange (LON:LSEG)’s news service, RNS, disseminated this information, which is based on a press release statement. This development is a significant update for shareholders and potential investors, indicating the company’s ongoing adjustments to its capital structure.
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