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

To:                   THOMSON REUTERS
From:              New City High Yield Fund Limited
Date:               17 July 2014

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 1.45 pence per share payable on 29 August 2014 to shareholders on the register on 25 July 2014, having an ex-dividend date of 23 July 2014.  This makes for a total dividend for the year to 30 June 2014 of 4.21 pence per share (2013: 4.10 pence per share).

The 2.7% 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  (p)        % increase

2007/08                       3.57                             n/a
2008/09                       3.65                             2.2
2009/10                       3.75                             2.7
2010/11                       3.87                             3.2
2011/12                       4.01                             3.6
2012/13                       4.10                             2.2
2013/14                       4.21                             2.7

For further information please contact:

Ian Francis
New City Investment Managers
0207 201 5366

Martin Cassels
R&H Fund Services Limited
0131 524 6140

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*	0.13	+1.74	+10.28	+29.28	+107.55	+150.82
Share Price*	-2.25	+0.62	+13.72	+24.24	+99.26	+170.55

*Total return performance based on bid prices/Source: R&H Fund Services Limited.
Data correct as at 30 June 2014.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: New City High Yield Fund Ltd via Globenewswire

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