NAV misstatement
Source: RNSFrom: 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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