Dividend Declaration

City Merchants High Yield Trust Limited

HEADLINE:  2^nd Interim Dividend

The Directors of the Company are pleased to announce the 2^nd interim dividend, in respect of the year ending 31 December 2020, of 2.5 pence per Ordinary share. This dividend will be paid on 19 August 2020, to shareholders on the register on 17 July 2020.  The shares will be marked ex-dividend on 16 July 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 June 2020