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LONDON - CQS New City High Yield Fund Limited, an investment company, has announced the issuance of 1 million ordinary shares at a price of 49.9 pence each. The shares are set to be issued for cash on May 12, 2025, from the company’s blocklisting facility.
This issuance will expand the company’s issued share capital to 600,901,858 ordinary shares, as there will be no shares held in treasury after the transaction. Consequently, the total number of voting rights in the company will also stand at 600,901,858 from the date of issue.
Shareholders are advised that this new figure should be used as the denominator for calculations to determine whether they are required to notify their interest in the company, or a change to their interest, under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The issuance is part of the company’s capital management strategy, allowing for additional funds to be raised for investment purposes. It is a common practice among publicly traded companies to issue new shares either to raise capital for growth, to fund acquisitions, or to improve their liquidity.
The news of this equity issue was disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG), and is based on a press release statement. The information provided is factual, with no endorsement of the claims made by the company. This announcement is intended to keep current and potential investors informed about the latest corporate actions of CQS New City High Yield Fund Limited.
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