Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                 
                                                                               
As at close of business on 03-March-2021                                       
                                                                               
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value               
                                                                               
EXCLUDING undistributed current year revenue                        191.44p    
                                                                               
INCLUDING current year revenue                                      193.41p    
                                                                               
Amount of borrowings outstanding under repo contracts:              GBP12.77m  
                                                                               
Net borrowing level:                                                3%         
                                                                               
LEI: 549300JLX6ELWUZXCX14