Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                  
                                                                                
As at close of business on 10-May-2021                                          
                                                                                
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                
                                                                                
EXCLUDING undistributed current year revenue                         194.52p    
                                                                                
INCLUDING current year revenue                                       195.69p    
                                                                                
Amount of borrowings outstanding under repo contracts:               GBP12.00m  
                                                                                
Net borrowing level:                                                 0%         
                                                                                
LEI: 549300JLX6ELWUZXCX14