Dividend Declaration

City Merchants High Yield Trust Limited

HEADLINE:   4^th Interim Dividend

The Directors of the Company are pleased to announce the 4^th interim dividend, in respect of the year ended 31 December 2017, of 2.5 pence per Ordinary share. This dividend will be paid on 23 February 2018, to shareholders on the register on 26 January 2018.  The shares will be marked ex-dividend on 25 January 2018.

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]

15 January 2018