New City High Yield Fund Ltd : Dividend Declara...

To:         HUGIN
From:     New City High Yield Fund Limited
Date:      20 October 2011


                        New City High Yield Fund Limited
                                ("the Company")

                             First Interim Dividend

New City High Yield Fund Limited (NCYF) today announces a first interim dividend
of  0.88 pence  per  share  payable  on  25 November 2011 to shareholders on the
register on 28 October 2011, having an ex-dividend date of 26 October 2011.

The  payment of 0.88 pence per  share represents a 3.5 per  cent increase on the
0.85 pence per share paid last year.

For further information please contact:

Ian Francis
New City Investment Managers
0207 201 5366

Beth Harris
Threadneedle Communications
0207 653 9850

Note to Editors:

New City High Yield is managed by Ian Francis of New City Investment Managers.

The investment objective of the Company is to provide a high gross dividend
yield and the potential for capital growth by mainly investing in high yielding
fixed interest securities.

If  you would like to  receive the monthly factsheet  on the New City High Yield
Trust  or any  of the  other New  City Investment  Managers' trusts please email
[e-mail]

Please  see the below table for the Company's ordinary share and NAV performance
over a 7 year period:



                  1       3        12       5      From 29/10/04
                Month   Months   Months   Years          %
                  %       %        %        %

 Fund NAV*      -4.55   -8.33    +0.98    +44.61      +77.84

 Share Price*   -2.30   -7.84    +1.24    +54.80      +100.69

*Total return performance based on bid prices/Source: F&C Asset Management
Plc/DataStream.
Data correct as at 30 September 2011.






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     originality of the information contained therein. 
    
Source: New City High Yield Fund Ltd via Thomson Reuters ONE

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