Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                   
                                                                 
As at close of business on 17-March-2021                         
                                                                 
NAV per Ordinary share (unaudited) with Debt at                  
Par & Fair Value                                                 
                                                                 
EXCLUDING undistributed current year              192.18p        
revenue                                                          
                                                                 
INCLUDING current year                            194.53p        
revenue                                                          
                                                                 
Amount of borrowings outstanding under repo       GBP12.70m      
contracts:                                                       
                                                                 
Net borrowing level:                              3%             
                                                                 
                                                                 
LEI: 549300JLX6ELWUZXCX14                                        
                                                                 
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