Dividend Declaration

City Merchants High Yield Trust Limited

HEADLINE:       3^rd Interim Dividend

The Directors of the Company are pleased to announce the 3^rd interim dividend, in respect of the year ended 31 December 2017, of 2.5 pence per Ordinary share. This dividend will be paid on 24 November 2017, to shareholders on the register on 20 October 2017.  The shares will be marked ex-dividend on 19 October 2017.

The Board continues to target total dividends of 10 pence for the current year.

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

Contacts:

Hilary Jones

R&H Fund Services (Jersey) Limited

Telephone: [phone]

9 October 2017