Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                         
                                                                                       
As at close of business on 28-January-2021                                             
                                                                                       
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                       
                                                                                       
EXCLUDING undistributed current year revenue                                191.07p    
                                                                                       
INCLUDING current year revenue                                              192.10p    
                                                                                       
Amount of borrowings outstanding under repo contracts:                      GBP12.98m  
                                                                                       
Net borrowing level:                                                        2%         
                                                                                       
LEI: 549300JLX6ELWUZXCX14                                                              
                                                                                       
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