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

To:                THOMSON REUTERS
From:            New City High Yield Fund Limited
Date:             19 July 2012

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

Fourth Interim Dividend

New City High Yield Fund Limited (ticker symbol NCYF) today announces a fourth interim dividend of 1.37 pence per share payable on 27 August 2012 to shareholders on the register on 27 July 2012, having an ex-dividend date of 25 July 2012.  This makes for a total dividend for the year to 30 June 2012 of 4.01 pence per share (2011: 3.87 pence per share).

The 3.6% increase in dividends paid for the year follows the pattern of dividend increases paid by the Company each year since 2008:

Financial Year     Total dividend     % increase

2007/08                3.57p                        n/a
2008/09                3.65p                        2.2%
2009/10                3.75p                        2.7%
2010/11                3.87p                        3.2%
2011/12                4.01p                        3.6%

For further information please contact:

Ian Francis
New City Investment Managers
0207 201 5366

Beth Harris                                                     
Newgate 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 investing mainly in high yielding fixed interest securities.

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

Please see the below table for the Company's ordinary share and NAV performance over an 8 year period:

	1 Month %	3 Months %	12 Months %	3 Years %	5 Years %	From 29/10/04 %
Fund NAV*	+0.81	+0.31	+1.70	+63.26	+47.93	+97.30
Share Price*	-0.21	-3.89	-3.04	+55.51	+50.84	+111.15

 

 

*Total return performance based on bid prices/Source: R&H Fund Services Limited.
Data correct as at 30 June 2012.

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(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: New City High Yield Fund Ltd via Thomson Reuters ONE

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