Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                             
                                                                                           
As at close of business on 24-February-2021                                                
                                                                                           
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                           
                                                                                           
EXCLUDING undistributed current year revenue                                   191.88p     
                                                                                           
INCLUDING current year revenue                                                 193.61p     
                                                                                           
Amount of borrowings outstanding under repo contracts:                         GBP12.73m   
                                                                                           
Net borrowing level:                                                           5%          
                                                                                           
LEI: 549300JLX6ELWUZXCX14                                                                  
                                                                                           
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