CQS New City High Yield Fund Limited : Transact...

4 March 2016

CQS NEW CITY HIGH YIELD FUND LIMITED

TRANSACTION IN OWN SHARES

The Board announces that, following the announcement on 2 March 2016 and the admission of 36,177,441 new Ordinary Shares to the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities earlier today, the Company has purchased 36,177,441 Ordinary Shares at a price of 53.6p per share. 

The 36,177,441 Ordinary Shares purchased will be placed in treasury and will be available to be sold out of treasury on a non-pre-emptive basis to meet future market demand.  Ordinary Shares will only be sold out of treasury at a premium to the then prevailing NAV per Ordinary Share.  .

Following the purchase referred to above, the Company's issued share capital will comprise 397,951,858 Ordinary Shares, 36,177,441 of which are held in treasury.  Each Ordinary Share (excluding Ordinary Shares held in treasury) carries the right to one vote and, therefore, the total number of voting rights in the Company will be 361,774,417.  This figure may be used by Shareholders and other investors as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Unless the context requires otherwise, words and expressions defined in the prospectus published by the Company on 5 March 2015 (and the supplementary prospectus published by the Company on 3 November 2015) in connection with its placing programme have the same meanings when used in this announcement. 

Enquiries

For further information please contact:

Cantor Fitzgerald
Sue Inglis	020 7894 8016
New City Investment Managers
Craig Cleland Head of Corporate Development, Investment Trusts	020 7201 5368
R&H Fund Services Limited
Martin Cassels	0131  550 3760

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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

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