NAV misstatement
Source: RNSFrom: CQS New City High Yield Fund Limited
LEI: 549300KMGN75B0PTWT07
Date: 28 May 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 net asset value per ordinary share was overstated by 1p between the dates 25 April 2019 and 22 May 2019 (inclusive). The error arose because the dividend payment was not accrued at the point at which the shares were marked ex-dividend and instead was only deducted when paid. For the avoidance of doubt the NAV per ordinary share was accurately stated for 23 May 2019.
The Board is reviewing the circumstances leading to this error. The Jersey Financial Services Commission will be informed as soon as possible.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
For further information please contact:
Michael Rummel
CQS (UK) LLP
020 7201 6900
Martin Cassels / Philip Rorke
Maitland Administration Services (Scotland) Limited
0131 550 3760 / 3762
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