Dividend Declaration

City Natural Res High Yield Tst PLC
17 October 2006



To:      RNS
From:    City Natural Resources High Yield Trust plc
Date:    18 October 2006


First Interim Dividend

City Natural Resources High Yield Trust plc announces a first interim dividend
of 0.5 pence per share (2005: 0.5 pence) to be paid on 24 November 2006 to
shareholders on the register on 27 October 2006, having an ex-dividend date of
25 October 2006.


Enquiries:

Richard Lockwood      New City Investment Managers Ltd, Tel: [phone]




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