April 30, 2016 7:41 PM ET

Capital Markets

Company Overview of CQS New City High Yield Fund Limited

Company Overview

New City High Yield Fund Limited is a close ended fixed income mutual fund launched by CQS Asset Management Ltd. The fund is managed by CQS (UK) LLP. It invests in fixed income markets. The fund primarily invests in fixed income securities such as corporate and government bonds, loan stocks, and high yielding bonds. It uses a value approach to create its portfolio. The fund was formerly known as New City High Yield Trust Plc. New City High Yield Fund Limited was formed in October 2004 and is domiciled in the Channel Islands.

5th Floor

33 Chester Street

London,  SW1X 7BL

United Kingdom

Founded in 2004

Key Executives for CQS New City High Yield Fund Limited

CQS New City High Yield Fund Limited does not have any Key Executives recorded.

CQS New City High Yield Fund Limited Key Developments

CQS New City High Yield Fund Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended December 31, 2015

CQS New City High Yield Fund Limited reported unaudited consolidated earnings results for the six months ended December 31, 2015. For the period, the company reported total income of £1,147,000 against loss of £2,601,000 a year ago. Loss before taxation was £341,000 against £3,975,000 a year ago. Loss after taxation was £526,000 against £4,094,000 a year ago. Loss per ordinary share taxation was 0.15 pence against 1.37 pence a year ago. Net cash inflow from operating activities was £7,318,000 against £6,243,000 for the last year.

CQS New City High Yield Fund Limited Announces Board Changes

CQS New City High Yield Fund Limited announced the following changes to its Board of Directors with immediate effect. Allister Carey resigned from the Board after serving as a non-executive director since 17 January 2007. Wendy Dorman has joined the Board as a non-executive Director as of 2 March 2016. Wendy has over 20 years' experience of tax within the financial services industry, both in London and in Jersey. She is a Jersey resident and holds other non-executive directorships, including Jersey Finance and 3i Infrastructure plc. Wendy is also a member of the Jersey Finance Fiscal Strategy Group and served as President of the Jersey Society of Chartered and Certified Accountants from 2008 to 2010.

CQS New City High Yield Fund Limited Announces Second Interim Dividend, Payable on February 29, 2016

CQS New City High Yield Fund Limited announced that its second interim dividend of 0.97 pence per share payable on February 29, 2016 to shareholders on the register on January 29, 2016, having an ex-dividend date of January 28, 2016.

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