Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                        
                                                                                       
As at close of business on 12-February-2021                                            
                                                                                       
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                      
                                                                                       
EXCLUDING undistributed current year revenue                             192.02p      
                                                                                       
INCLUDING current year revenue                                           193.43p      
                                                                                       
Amount of borrowings outstanding under repo contracts:                   GBP12.88m    
                                                                                       
Net borrowing level:                                                     2%            
                                                                                       
LEI: 549300JLX6ELWUZXCX14                                                              
                                                                                       
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