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| TIDM | NCYF |
| Share Price | 50.67p-0.20% |
| Market Cap | £367.23m |
CQS New City High Yield Fund Limited (NCYF) announced that Duncan Baxter retired from its Board, effective 3 December 2024. Mr. Baxter served as the Senior Independent Non-Executive Director and Chair of the Management and Engagement Committee since July 2015, retiring in line with the nine-year guidance rule.
| Date | 3 Dec 2024 |
| Time | 13:48:17 |
| Category | Board changes |
| ID | 6459O |
3 December 2024
CQS New City High Yield Fund Limited
("NCYF" or the "Company")
Directorate Change
The Board announces that Duncan Baxter, who has been the Senior Independent Non-Executive Director and Chair of the Management and Engagement Committee of the Company, has retired from the Board in line with the nine year guidance rule as stated in the UK Corporate Governance Code, with effect from 3 December 2024. Mr Baxter has been on the Board since July 2015.
The Board would like to take this opportunity to thank Duncan Baxter for his valuable contribution to the Company and wish him well for the future.
The Board has conducted a recruitment process using an external search firm and will announce Mr Baxter's replacement in due course.
ENQUIRIES
Investment Manager
Manulife | CQS Investment Management
Craig Cleland
0207 201 5368
Company Secretary and Administrator
BNP Paribas S.A., Jersey Branch
Jeremy Hamon
01534 709 108