CQS NEW CITY HIGH YIELD FUND LIMITED - Investor Presentation

CQS New City High Yield Fund Limited delivered another year of strong performance, with an estimated share price total return of approximately 9.5% and a dividend yield of around 8.7%, reinforcing its position as a leading income-focused investment trust. In its latest investor update, the Fund reported that dividends are expected to be fully covered by portfolio earnings, while shares continued to trade at a premium to net asset value, reflecting sustained investor demand. The Board also outlined a carefully managed portfolio management succession plan, with long-serving manager Ian “Franco” Francis transitioning responsibilities to Darren Toner, ensuring continuity of the Fund’s proven investment strategy. The portfolio remains focused on generating attractive income and total returns through a diversified allocation to high-yield bonds and selective equity holdings, with key exposure to financials, energy and consumer-related sectors. Management highlighted a disciplined approach to credit selection, risk management and capital preservation, while positioning the portfolio to benefit from opportunities created by inflation, market volatility and sector dispersion. Backed by substantial revenue reserves, a conservative duration profile and a strong track record of dividend delivery, CQS New City High Yield Fund Limited remains well placed to provide investors with sustainable income, attractive yields and long-term value in an evolving fixed income market environment.