NAV misstatement

RNS Number : 9317I

CQS New City High Yield Fund Ltd

13 August 2019

 

From:                    CQS New City High Yield Fund Limited

LEI:                         549300KMGN75B0PTWT07

Date:                     13 August 2019

CQS New City High Yield Fund Limited

(the "Company")

NAV misstatement

The Company wishes to inform Shareholders and the market that, due to an administrative error, the ex-income net asset value per ordinary share was misstated between 5 July 2019 and 2 August 2019 (inclusive). During this period the ex-income net asset value per share was overstated. The cum-income net asset value per ordinary share was correctly stated.

For the avoidance of doubt the NAV per ordinary share was accurately stated from 3 August 2019.

The Board is reviewing the circumstances leading to this error. The Jersey Financial Services Commission will be informed as soon as possible.

The corrected ex-income net asset values per ordinary share during this period are shown below.

Date	Ex-income net asset value per ordinary share, pence
05/07/2019	54.64
08/07/2019	54.53
09/07/2019	54.47
10/07/2019	54.47
11/07/2019	54.53
12/07/2019	54.48
15/07/2019	54.55
16/07/2019	54.68
17/07/2019	54.60
18/07/2019	54.47
19/07/2019	54.46
22/07/2019	54.48
23/07/2019	54.54
24/07/2019	54.94
25/07/2019	54.11
26/07/2019	54.21
29/07/2019	54.46
30/07/2019	54.48
31/07/2019	54.30
01/08/2019	54.37
02/08/2019	54.30

For further information please contact:

Craig Cleland

CQS (UK) LLP

020 7201 6900

Martin Cassels

Maitland Administration Services (Scotland) Limited

0131 550 3760

 

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