Investment companies – LSE – M cap £118m – Price 184.50p – Update
CQS NATURAL RESOURCES GROWTH AND INCOME
A natural resources specialist worth preserving
CQS Natural Resources Growth and Income (CYN ) is a differentiated closed-end investment company seeking opportunities across small- and mid-cap mining and resource stocks, which in our view deserves shareholder support. The company’s managers have successfully combined stock-picking expertise with a deep understanding of the respective commodity subsectors. CYN is one of the investment companies targeted by Saba Capital in its campaign. CYN’s general shareholder meeting is scheduled for 4 February 2025, with proposed resolutions to remove all five board members and appoint a two-person board recommended by Saba. These changes are intended to advance Saba’s opportunistic agenda of building a UK discount arbitrage platform.