CQS New City High Yield Fund has issued 650,000 new shares at a price of 50.5 pence each, according to a market notice.
The fund, which focuses on high-yield debt securities, priced the new shares at par, with settlement expected to occur on the standard trade settlement date. The issuance aims to raise additional capital for investment opportunities in the credit markets.
The fund’s investment strategy targets debt instruments offering higher yields, often associated with lower credit ratings. The new shares were placed at 50.5p, reflecting the fund’s current market valuation and capital-raising objectives.
No further details on the allocation or use of proceeds were disclosed in the announcement.
