Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                         
                                                                                       
As at close of business on 09-February-2021                                            
                                                                                       
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                       
                                                                                       
EXCLUDING undistributed current year revenue                               192.23p     
                                                                                       
INCLUDING current year revenue                                             193.56p     
                                                                                       
Amount of borrowings outstanding under repo contracts:                     GBP12.91m   
                                                                                       
Net borrowing level:                                                       2%          
                                                                                       
LEI: 549300JLX6ELWUZXCX14