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City Merchants High Yield Trust Limited update

In light of recent unprecedented global market events, the Board and the Manager wish to provide an update to shareholders on activity within the portfolio...
Rhys Davies, Fixed Interest Fund Manager
Updated 27 Mar 2020
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This is a non-independent marketing communication commissioned by Invesco. The report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the dealing ahead of the dissemination of investment research.

In light of recent unprecedented global market events, the Board and the Manager wish to provide an update to shareholders on activity within the portfolio. The Board notes that there is significant cash within the portfolio and that it is confident the Manager is in a strong position to take advantage of opportunities within the high yield market. The Board confirms that its dividend policy remains unchanged and that it will continue to monitor market developments closely.

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