Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                        
                                                                                      
As at close of business on 01-November-2019                                           
                                                                                      
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                      
                                                                                      
EXCLUDING undistributed current year revenue                             187.36p      
                                                                                      
INCLUDING current year revenue                                           188.09p      
                                                                                      
LEI: 549300JLX6ELWUZXCX14