Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                
                                                                               
As at close of business on 11-March-2020                                      
                                                                               
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value              
                                                                               
EXCLUDING undistributed current year revenue                 180.59p          
                                                                               
INCLUDING current year revenue                               182.21p          
                                                                               
LEI: 549300JLX6ELWUZXCX14                                                      
                                                                               
---