Net Asset Value(s)

New City High Yield Fund Limited
17 May 2007

Date of Announcement: 17/05/2007


Below is shown the unaudited net asset value for the Company as at close of
business on 16/05/07



NAV per share (at bid market values) in £ sterling. Pence per share.



New City High Yield Fund Ltd                                               53.90


Note: NAVs are diluted, where appropriate.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
  ND

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