Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                                
                                                                                              
As at close of business on 06-May-2021                                                        
                                                                                              
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                              
                                                                                              
EXCLUDING undistributed current year revenue                                    194.57p       
                                                                                              
INCLUDING current year revenue                                                  195.66p       
                                                                                              
Amount of borrowings outstanding under repo contracts:                          GBP12.09m     
                                                                                              
Net borrowing level:                                                            2%            
                                                                                              
LEI: 549300JLX6ELWUZXCX14