CQS New City High Yield Fund Director Increases Shareholding
Why we think this is neutral
The RNS announcement is a routine regulatory update regarding a director's share purchase. There are no significant positive or negative factors identified that would materially impact the company's performance or outlook.
Key Points
- Director Wendy Dorman has purchased 38,600 ordinary shares in CQS New City High Yield Fund Limited
- The shares were purchased at a price of £0.514935 per share through a private pension company
Summary
The director of this investment fund has purchased additional shares in the company, but the RNS provides limited context on the rationale.
CQS New City High Yield Fund Limited (NCYF) has announced that Wendy Dorman, a Director of the company, has purchased 38,600 ordinary shares at a price of £0.514935 per share. The purchase was made through a private pension company of which Ms Dorman is a director and shareholder. No additional financial details or context were provided in the RNS.
DIRECTOR DEALINGS