Net Asset Value(s)

RNS Number : 7286J

City Natural Res High Yield Tst PLC

06 April 2010

 



To:                    RNS

From:                City Natural Resources High Yield Trust plc

Date:                6 April 2010

Month End Summary

Net Asset Value

The unaudited net asset value (NAV) of the Company is noted below in pence per share. NAVs are calculated in accordance with stated policies of individual trusts. Applicable accounting standards and AIC recommendations are followed.

The NAV per ordinary share as at the close of business on 31 March 2010 was:

	Pence per Share Cum             Ex Income         Income
Basic	238.12          237.52

Ferrous Resources

The Company holds 1,660,000 ordinary shares in Ferrous Resources ("Ferrous"), an unquoted company which owns a significant Brazilian iron ore resource.

The Company notes press speculation concerning plans for a flotation of Ferrous that could result in it becoming a FTSE 100 company.

For further information please contact:

Adam Cooke

New City Investment Managers

0207 201 6900

 

END

 

 

NAVUGUQPCUPUUBQ