Annual Financial Report on NSM

City Merchants High Yield Trust Limited

Annual Financial Report for the year ended 31 December 2013

Electronic copies of the Company's Annual Financial Report for the year ended
31 December 2013 are available on the National Storage Mechanism website: 
http://www.hemscott.com/nsm.do and on the Invesco Perpetual website: 
http://www.invescoperpetual.co.uk/investmenttrusts.

Hard copies of the annual report will be posted to shareholders shortly and can
be requested from the Company Secretary at the Company's Registered Office,
Ordnance House, 31 Pier Road, St Helier, Jersey JE4 8PW.

Issued for and on behalf of City Merchants High Yield Trust Limited.

Contact:

Hilary Jones

R&H Fund Services (Jersey) Limited

Telephone: [phone]

17 April 2014