# CQS Natural Resources delivers 119.6% NAV, 113.3% share price return, 8.0% dividend yield

- Link: https://www.directorstalkinterviews.com/cqs-natural-resources-delivers-119-6-nav-113-3-share-price-return-8-0-dividend-yield/4121249825
- Published: 2026-04-23T08:50:14+01:00
- Author: Amilia Stone

**CQS Natural Resources Growth and Income plc **(LON:CYN) Fact Sheet as at 31 March
2026 is now available:

**Commentary**

The conflict involving Iran dominated news flow through March and has continued 
into April, introducing heightened geopolitical uncertainty for commodity markets.
While there have been claims of progress toward resolution, the situation remains
fluid, with limited evidence that risks have been fully removed. The key outcome
for markets has been disruption to energy supply routes, most notably through the
Strait of Hormuz, with the loss of approximately 13 million barrels per day of oil
supply, a material reduction in global LNG flows, and disruption to other energy‑
linked industrial inputs, including those used in fertiliser production and metal
processing. These developments may have implications beyond inflation over the coming
months, increasing downside risks to global growth and requiring a more balanced
approach to central bank interest rate policy than the initial hawkish response 
currently discounted by markets.

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_**CQS Natural Resources Growth and Income plc** (LON:CYN) is a closed end UK investment
trust providing shareholders with capital growth and income from a portfolio of 
mining and resource equities and mining, resource, industrial and other fixed interest
securities._

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