Director/PDMR Shareholding

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	Tim Scholefield
2	Reason for the notification
a)	Position/status	Non-executive Director
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	City Merchants High Yield Trust Limited
b)	LEI	549300JLX6ELWUZXCX14
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of no par value   JE00B6RMDP68
b)	Nature of the transaction	Purchase of Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 199.1p 5,000
d)	Aggregated information
	-Aggregated volume	As per c) above
e)	Date of the transaction	31 August 2017
f)	Place of the transaction	London Stock Exchange