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 2020, of 2.5 pence per Ordinary share. This dividend will be paid on 9 November 2020, to shareholders on the register on 2 October 2020.  The shares will be marked ex-dividend on 1 October 2020.

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
JTC Fund Solutions (Jersey) Limited
Telephone: [phone]

23 September 2020