Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                               
                                                                                             
As at close of business on 01-March-2021                                                     
                                                                                             
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                             
                                                                                             
EXCLUDING undistributed current year revenue                                191.17p          
                                                                                             
INCLUDING current year revenue                                              193.10p          
                                                                                             
Amount of borrowings outstanding under repo contracts:                      GBP12.78m        
                                                                                             
Net borrowing level:                                                        5%               
                                                                                             
LEI: 549300JLX6ELWUZXCX14