Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                        
                                                                                     
As at close of business on 18-February-2021                                          
                                                                                     
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                      
                                                                                     
EXCLUDING undistributed current year revenue                              191.99p    
                                                                                     
INCLUDING current year revenue                                            193.57p    
                                                                                     
Amount of borrowings outstanding under repo contracts:                    GBP12.75m  
                                                                                     
Net borrowing level:                                                      5%          
                                                                                     
LEI: 549300JLX6ELWUZXCX14                                                            
                                                                                     
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