Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                                
                                                                                             
As at close of business on 01-February-2021                                                  
                                                                                             
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                              
                                                                                             
EXCLUDING undistributed current year revenue                                    191.30p      
                                                                                             
INCLUDING current year revenue                                                  192.43p      
                                                                                             
Amount of borrowings outstanding under repo contracts:                          GBP12.98m    
                                                                                             
Net borrowing level:                                                            3%            
                                                                                             
LEI: 549300JLX6ELWUZXCX14                                                                    
                                                                                             
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