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LONDON - CQS New City High Yield Fund Limited announced today the issuance of 1,000,000 ordinary shares from its blocklisting facility. The shares are to be issued at a price of 51 pence per share and will be available for purchase for cash on Thursday, June 10, 2025.
This move will expand the company’s issued share capital to 609,401,858 ordinary shares, with the new shares included. Notably, there will be no shares held in treasury following the issuance. As a result, the total voting rights in the company will stand at 609,401,858 from the date of issue.
Shareholders may use the total number of voting rights as the denominator to determine if they need to notify their interest or any change in their interest in the company, in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The issuance is facilitated by CQS’s investment manager, Manulife | CQS Investment Management, and the company’s secretary and administrator, BNP Paribas (OTC:BNPQY) S.A., Jersey Branch. Singer Capital Markets LLP is acting as the broker for the transaction.
This strategic equity issue is intended to provide the company with additional capital. Shareholders and potential investors are advised to take note of this development for their investment decisions and notifications.
The information provided is based on a press release statement and is intended for factual reporting only.
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