Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                 
                                                                               
As at close of business on 01-October-2019                                     
                                                                               
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value               
                                                                               
EXCLUDING undistributed current year revenue                 187.55p           
                                                                               
INCLUDING current year revenue                               190.05p           
                                                                               
LEI: 549300JLX6ELWUZXCX14