|CQS New City High Yield Fund
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
CQS New City High Yield Fund News
|CQS New City High Yield Fund Daily Update: CQS New City High Yield Fund is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker NCYF. The last closing price for CQS New City High Yield Fund was 62.13p.|
CQS New City High Yield Fund has a 4 week average price of 61.25p and a 12 week average price of 60.50p.
The 1 year high share price is 63.50p while the 1 year low share price is currently 53p.
There are currently 378,999,236 shares in issue and the average daily traded volume is 426,902 shares. The market capitalisation of CQS New City High Yield Fund is £237,822,020.59.
|my retirement fund: So basically they have a wallet full of shares they can sell at a future date and book a profit as the NAV and share price improve over time. Seems like a thrifty plan imo.|
|my retirement fund: I think they had issued just under what they had been given by the book builder so had to add another 200k to meet the book. Probably admin.
They don't want to let the share price go to a massive premium to NAV and would prefer to simply increase the fund size.
If the reverse is true they can sell down the fund and buy back the shares, sure thing - if they want to.|
|rcturner2: pete, they are simply increasing the size of the trust. Essentially since the share price is at a premium to NAV, it means that people want to buy into the assets and they are issuing shares for cash to new buyers.|
Poor recent share price performance compared to the similar city merchents high yield hTTps://www.invescoperpetual.co.uk/site/ip/pdf/fs-it-cmhyt.pdf|
|rugosaplants: If you are an income seeker, you are probably less worried about share price than you are about dividends. So any drop in value should not bother you. However, what a star performer this trust has been. You will have won both ways. I am sticking with it for the long-term, and enoying it.|
|kiwi2007: Lates fact sheet...July 31st...
MANAGER COMMENT The month of July continued to see a rally in high yield and investment grade markets, whereas the UK 10 year Gilt weakened on the month weighed by the twin ongoing worries of issuance and inflation. Equities too had a positive month across the globe and whether or not this is a massive bear squeeze or a concerted recovery is still open to debate. Many pundits are looking for a "W" shaped recovery, whilst others are still happy with the "V". August could be an interesting month for once, rather than its usual sleepy self! At the end of the month, the Company's shares went ex-dividend in respect of their fourth interim dividend of 1.1p per share, up from 1.02p per share last year, to give an annualised rate of 3.65p per share and giving a 7.8% yield at the current share price of 46.75p. During the month, the IFCO Systems NV 103/8% 2010 was called at par and the Company also sold the Lloyds TSB Bank 6.25% 2014 which was the "exchange property" for the Clerical Medical Finance Plc 41/4%.......more...
|washbrook: DAILY SHARE PRICE AND NAV since 12.3.09
CQS New City High Yield Fund share price data is direct from the London Stock Exchange