Change of Investment Adviser and AIFM

CQS NEW CITY HIGH YIELD FUND LIMITED

Date of Announcement: 16/10/2015

CHANGE OF INVESTMENT ADVISER AND AIFM OF CQS NEW CITY HIGH YIELD FUND LIMITED ('THE COMPANY')

The Directors would like to advise all shareholders that the investment advisory agreement (the "IAA") between the Company and CQS Asset Management Limited (the retiring investment adviser) has been novated to CQS (UK) LLP (the incoming investment advisor) due to a re-organisation of the entities.

Having received the necessary regulatory approval the IAA has been novated to CQS (UK) LLP and CQS (UK) LLP have been appointed as the Company's investment manager and AIFM with effect from 1 October 2015. No amendments have been made to the terms of the IAA.

For more information please contact:
Craig Cleland                                                                      
CQS (UK) LLP
0207 201 5368

---

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: CQS New City High Yield Fund Limited via Globenewswire

HUG#1959355