Dividend Declaration

New City High Yield Fund Limited
23 January 2008



To:                RNS

From:              New City High Yield Fund Limited

Date:              23 January 2008







Third Interim Dividend



New City High Yield Fund Limited announces a third interim dividend of 0.85
pence per share (first and second interim dividends both 0.85 pence per share)
payable on 28 February 2008 to shareholders on the register on 1 February 2008,
having an ex-dividend date of 30 January 2008.



This is directly in line with the dividend payment anticipated in the Prospectus
published in February 2007.







Enquiries:



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

Ian Francis - New City Investment Managers Limited, Tel: [phone]








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