Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                         
                                                                                       
As at close of business on 15-October-2020                                             
                                                                                       
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                       
                                                                                       
EXCLUDING undistributed current year revenue                              183.86p      
                                                                                       
INCLUDING current year revenue                                            184.40p      
                                                                                       
Amount of borrowings outstanding under repo contracts:                    GBP13.07m    
                                                                                       
Net borrowing level:                                                      5%           
                                                                                       
LEI: 549300JLX6ELWUZXCX14