Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                                 
                                                                                               
As at close of business on 08-April-2021                                                       
                                                                                               
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                               
                                                                                               
EXCLUDING undistributed current year revenue                                    193.61p        
                                                                                               
INCLUDING current year revenue                                                  196.40p        
                                                                                               
Amount of borrowings outstanding under repo contracts:                          GBP13.40m      
                                                                                               
Net borrowing level:                                                            3%             
                                                                                               
LEI: 549300JLX6ELWUZXCX14