Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                  
                                                                                
As at close of business on 08-October-2020                                      
                                                                                
NAV per Ordinary share (unaudited) with Debt at Par & Fair                      
Value                                                                           
                                                                                
EXCLUDING undistributed current year revenue                  183.97p           
                                                                                
INCLUDING current year revenue                                184.31p           
                                                                                
Amount of borrowings outstanding under repo contracts:        GBP12.94m         
                                                                                
Net borrowing level:                                          5%                
                                                                                
                                                                                
LEI: 549300JLX6ELWUZXCX14                                                       
                                                                                
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