Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                                
                                                                                              
As at close of business on 12-April-2021                                                      
                                                                                              
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                              
                                                                                              
EXCLUDING undistributed current year revenue                                       193.66p    
                                                                                              
INCLUDING current year revenue                                                     196.57p    
                                                                                              
Amount of borrowings outstanding under repo contracts:                             GBP13.40m  
                                                                                              
Net borrowing level:                                                               3%         
                                                                                              
LEI: 549300JLX6ELWUZXCX14