Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                              
                                                                                            
As at close of business on 03-February-2021                                                 
                                                                                            
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                            
                                                                                            
EXCLUDING undistributed current year revenue                                       191.76p  
                                                                                            
INCLUDING current year revenue                                                     192.94p  
                                                                                            
Amount of borrowings outstanding under repo contracts:                             GBP12.96m
                                                                                            
Net borrowing level:                                                               3%       
                                                                                            
LEI: 549300JLX6ELWUZXCX14