Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                                 
                                                                                               
As at close of business on 23-April-2021                                                       
                                                                                               
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value                               
                                                                                               
EXCLUDING undistributed current year revenue                                        193.96p    
                                                                                               
INCLUDING current year revenue                                                      194.70p    
                                                                                               
Amount of borrowings outstanding under repo contracts:                              GBP12.13m  
                                                                                               
Net borrowing level:                                                                3%         
                                                                                               
LEI: 549300JLX6ELWUZXCX14