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CQS New City High Yield Fund Ltd (NCYF) Ord NPV

Sell:49.90p Buy:50.80p 0 Change: No change
Market closed Prices as at close on 27 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:49.90p
Buy:50.80p
Change: No change
Market closed Prices as at close on 27 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:49.90p
Buy:50.80p
Change: No change
Market closed Prices as at close on 27 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The investment objective is to provide investors with a high gross dividend yield and a potential for capital growth by mainly investing in high yielding fixed interest securities. The Company invests predominantly in fixed income securities, including, but not limited to, preference shares, loan stocks, corporate bonds (convertible and/or redeemable) and government stocks. The Company also invests in equities and other income- yielding securities.
Security Weight
Co-Operative Bank Holdings Ltd(The) 11.75% 5.44%
Galaxy Finco Ltd 9.25% 5.15%
Shawbrook Group Plc 12.103% 4.77%
Virgin Money UK PLC 8.25% 4.68%
Aggregated Micro Power Infra 2 Plc 8% 4.25%
Frontline Plc 3.83%
TVL Finance PLC 10.25% 3.71%
RL Finance Bonds No. 6 PLC 10.125% 3.55%
Barclays PLC 8.875% 3.53%
Stonegate Pub Company Financing 2019 PLC 8.25% 3.46%
Sector Weight
Energy 5.76%
Financial Services 3.14%
Real Estate 0.95%
Industrials 0.25%
Country Weight
United Kingdom 69.46%
United States 11.86%
Germany 6.21%
Denmark 3.49%
Netherlands 3.34%
Luxembourg 3.23%
Sweden 1.44%
Canada 1.41%
Australia 0.86%
Zambia 0.79%

Fee Structure

Management fee is 0.8% p.a. of total assets up to GBP 200m ,0.70% p.a. of the total assets from GBP200 m to GBP300 m,and 0.60% p.a. in excess of GBP 300m. Management agreement terminable by either party on 12 months notice.

Dividend Policy

It is intended that the Company will pay four quarterly dividends each year and accordingly the Board reviews the Company’s dividend yield and dividend cover on a quarterly basis. The Company expects to pay interim dividends in November, February, May and August.

ASSET SPLIT

Total number of holdings: 92.

Trust Manager

Ian Francis

Manager Bio

Ian ‘Franco’ Francis is CIO New City, and a Senior Portfolio Manager for CQS’ New City High Yield and Convertibles business and joint Portfolio Manager for CQS Natural Resources Growth and Income plc. Ian joined CQS in 2007 as part of CQS’ acquisition of New City and has more than 35 years’ experience in trading and portfolio management. Prior to joining CQS in 2007, Ian worked in a variety of roles in convertible bond trading and sales at firms including Collins Stewart Limited, where he was Head of Trading and Convertibles; West LB Panmure as Head of Convertibles, James Capel & Co. and Hoare Govett & Co. He began his career in fund management at Baring Bros. and Phillips & Drew.

Board Of Directors

Caroline HitchChairman, Duncan Baxter, Wendy Dorman, Ian Cadby, John Newlands

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.