Issue of Equity

City Merchants High Yield Trust Ltd - Issue of Equity

PR Newswire

London, February 21

City Merchants High Yield Trust Limited

HEADLINE: Issue of Equity

The Board of City Merchants High Yield Trust Limited (the ‘Company’) announces that it has agreed today to issue and allot 150,000 ordinary shares of no par value in the Company at a price of 185.43p per share under its block listing facility. This allotment is to satisfy secondary market demand and is made under the annual authority granted by the Company’s shareholders for such allotments. These shares will rank pari passu with the existing shares in issue in all respects.

Following this issue the total number of ordinary shares in issue is 97,641,204, which should be used as the denominator for calculating interests in the Company.

Issued for and on behalf of City Merchants High Yield Trust Limited.

Contact:

Hilary JonesR&H Fund Services (Jersey) LimitedTelephone: 01534 825323

21 February 2019