Net Asset Value(s)

New City High Yield Fund Limited
08 March 2007





To:         RNS
From:       New City High Yield Fund Limited
Date:       08 March 2007



Net Asset Value


The Company announces the following net asset value per ordinary share at the
close of business on 07 March 2007:


Basic: 53.35p.



For further information please contact:

Martin A Cassels
F&C Investment Business Limited
0131 718 1000




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