CQS New City High Yield Fund Limited announced plans to issue 650,000 new ordinary shares at 50.5 pence each, with the issuance set for Thursday.
The new shares, issued for cash via the company’s blocklisting facility, will raise total issued share capital to 715,001,858 ordinary shares. BNP Paribas S.A., Jersey Branch serves as company secretary and administrator, while Singer Capital Markets LLP acts as broker for the transaction.
The fund, managed by Manulife CQS Investment Management, will have a total of 715,001,858 voting rights following the issuance. Shareholders may use this figure for regulatory notifications under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
