Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                        
                                                                                      
As at close of business on 20-April-2021                                              
                                                                                      
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                      
                                                                                      
EXCLUDING undistributed current year revenue                                193.94p   
                                                                                      
INCLUDING current year revenue                                              197.07p   
                                                                                      
Amount of borrowings outstanding under repo contracts:                      GBP12.03m 
                                                                                      
Net borrowing level:                                                        2%        
                                                                                      
LEI: 549300JLX6ELWUZXCX14