Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                              
                                                                                            
As at close of business on 29-October-2020                                                  
                                                                                            
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                            
                                                                                            
EXCLUDING undistributed current year revenue                                       182.80p  
                                                                                            
INCLUDING current year revenue                                                     183.72p  
                                                                                            
Amount of borrowings outstanding under repo contracts:                             GBP14.56m
                                                                                            
Net borrowing level:                                                               6%       
                                                                                            
LEI: 549300JLX6ELWUZXCX14                                                                   
                                                                                            
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