Dividend Declaration

RNS Number : 6494K

City Natural Res High Yield Tst PLC

01 August 2013

To: RNS

From: City Natural Resources High Yield Trust plc

Date: 1 August 2013

CITY NATURAL RESOURCES HIGH YIELD TRUST PLC

("City Natural Resources" or "the Company")

DIVIDEND INCREASED FOR EIGHTH SUCCESSIVE YEAR

· Fourth interim dividend of 2.92p (2012: 2.52p) declared

· Total dividend up 13.9% to 5.50p (2012: 4.83p) for the year

· Total dividend up by 175% in eight years

City Natural Resources High Yield Trust plc announces a fourth interim dividend of 2.92 pence per share payable on 30 August 2013 to shareholders on the register on 9 August 2013, with an ex-dividend date of 7 August 2013. The latest dividend payment is in line with the Company's progressive dividend policy which has seen an increased dividend paid every year since inception as shown below:

Financial Year Total dividend % increase

2004/05 2.00p -

2005/06 2.15p 7.5%

2006/07 2.35p 9.3%

2007/08 2.65p 12.8%

2008/09 3.07p 15.8%

2009/10 3.71p 20.8%

2010/11 4.22p 13.7%

2011/12 4.83p 14.5%

2012/13 5.50p 13.9%

Geoff Burns, Chairman of City Natural Resources, said: "We are once again delighted to declare an increased dividend for the 2012/13 financial year. This year's fourth interim dividend of 2.92p represents a growth of 15.9% over last year's equivalent dividend and brings to eight the number of consecutive years of dividend growth. This performance against a backdrop of continued economic turmoil and commodity weakness validates our portfolio approach in identifying key yield opportunities within the resources sector."

Will Smith and Ian Francis, Managers of City Natural Resources, added: "The 13.9% increase in dividends paid for 2012/13 recognises the importance to investors of income, particularly during a prolonged environment of low interest rates. We continue to seek both growth and income opportunities within the enduring turbulence and compressed valuations of the resources sector."

For further information please contact:

Will Smith / Ian Francis

New City Investment Managers

0207 201 5387/5366

Martin Cassels

R&H Fund Services Limited

0131 524 6140

Note to Editors:

Winner of the best commodity fund at the Investors Chronicle Fund Awards 2012.

City Natural Resources High Yield Trust plc is managed by Will Smith and Ian Francis of New City Investment Managers.

The investment objective of the Company is to provide shareholders with capital growth and income predominantly from a portfolio of mining and resource equities and of mining, resource and industrial fixed interest securities.

If you would like to receive the monthly factsheet on City Natural Resources High Yield Trust plc or any of the other New City Investment Managers' funds please email: r.watt@newgatethreadneedle.com

Please see the below table for the Company's ordinary share total return and NAV total return performance over a nine year period:

	1 Month %	3 Months %	6 Months %	12 Months %	3 Years %	5 Years %	From 01/08/03 %
Company NAV	-13.63	-28.51	-30.47	-31.91	-24.14	16.08	276.04
Share Price	-11.19	-28.52	-34.31	-35.91	-24.20	-22.72	212.74
Benchmark	-11.01	-17.65	-20.36	-14.32	-16.42	-16.21	183.49