CQS New City High Yield Fund Limited
Amendment to Investment Management Agreement and Fee Arrangements
23 September 2019
Previously under the terms of an investment advisory agreement dated 22 July 2014 and a novation agreement dated 1 October 2015, the Company has appointed CQS Cayman Limited Partnership as its Investment Manager and CQS Cayman Limited Partnership has, with the agreement of the Board, delegated that function to CQS (UK) LLP.
The Company has with effect from 18 September 2019 entered into a new Investment Management Agreement to appoint CQS (UK) LLP Limited as its Investment Manager and the previous investment advisory agreement with CQS Cayman Limited partnership has been terminated.
The management fee has previously been charged at a rate of 0.80% per annum, paid monthly in arrears, on the Company's Adjusted Total Assets up to £200 million and 0.70% per annum thereafter.
With effect from 18 September 2019 the management fee will be charged at a rate of 0.80% per annum, paid monthly in arrears, on the Company's Adjusted Total Assets up to £200 million, 0.70% per annum on Assets in excess of £200 million, and up and including £300 million, and 0.60% per annum thereafter.
For further information please contact:
Craig Cleland
New City Investment Managers
0207 201 5368
Kerry Higgins
Maitland Administration Services
01245 398 950
