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City Merchants High Yield Trust Ltd (CMHY) Ordinary NPV

Sell:193.50p Buy:195.50p 0 Change: 1.00p (0.51%)
Market closed Prices as at close on 6 December 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:193.50p
Buy:195.50p
Change: 1.00p (0.51%)
Market closed Prices as at close on 6 December 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:193.50p
Buy:195.50p
Change: 1.00p (0.51%)
Market closed Prices as at close on 6 December 2019 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The Company’s investment objective is to seek to obtain capital growth and high income from investment, predominantly in high-yielding fixed-interest securities.
Security Weight
Lloyds Banking Group 7.875% Perpetual PNC15 2.45%
Koninklijke KPN N.V. 6.88% 2.25%
Aviva plc 6.125% Perp Sub Nts GBP (VAR) 2.14%
ALTICE FRANCE S.A 7.38% 2.03%
Invesco STIC Sterling Liquidity Agcy MD 1.93%
Intesa Sanpaolo S.p.A. 8.38% 1.62%
Enel - Societa per Azioni 7.75% 1.51%
Virgin Money UK PLC 8.75% 1.47%
Pinnacle Bidco Hld 6.38% 1.45%
Catlin Insurance Company Ltd. 7.25% 1.41%
Sector Weight
Energy 0.33%
Country Weight
United Kingdom 42.39%
France 10.98%
Italy 8.25%
Netherlands 7.82%
United States 7.01%
Germany 3.34%
Canada 3.07%
Spain 1.55%
Norway 1.47%
Denmark 1.21%

Fee Structure

Management fee 0.1875% of the NAV of the assets of Company under management at the end of the relevant quarter. The agreement is terminable on 3 months notice, or earlier in the event of a material breach or insolvency of either party.

Dividend Policy

The Company’s dividend payment policy is to pay four quarterly dividends to shareholders in May, August, November and February in respect of each accounting year.

ASSET SPLIT

Total number of holdings: 180.

Trust Manager

Paul Causer

Manager Bio

Paul is based in our Henley office. He began his investment experience in 1983, prior to which he achieved a BSc in Economics at the London School of Economics. He joined the group in 1994 and Co-Heads the Fixed Income Team.

Board Of Directors

Timothy ScholefieldChairman, John Boothman, Philip Austin, Heather MacCallum, Stuart McMaster

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.