Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                             
                                                                                           
As at close of business on 09-October-2020                                                 
                                                                                           
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                           
                                                                                           
EXCLUDING undistributed current year revenue                              184.10p          
                                                                                           
INCLUDING current year revenue                                            184.48p          
                                                                                           
Amount of borrowings outstanding under repo contracts:                    GBP12.95m        
                                                                                           
Net borrowing level:                                                      5%               
                                                                                           
LEI: 549300JLX6ELWUZXCX14