The Board of City Merchants High Yield Trust Limited to announce that Rhys Davies, who is responsible for the day-to-day management of the Company’s portfolio, will be named lead manager and Edward Craven has been appointed as deputy portfolio manager to assist Rhys. Paul Read and Paul Causer, co-heads of the Invesco Henley Fixed Interest team, will step back as co-fund managers but will continue to provide support along with the wider fixed interest team. The changes take effect from July 22, 2020. Rhys was promoted to portfolio manager in June 2016 to co-manage the Company’s portfolio having been deputy portfolio manager since July 2014 and has been associated with the Company’s portfolio for many years since joining Invesco in 2002. Edward Craven is a senior credit analyst having been part of the Fixed Interest team for more than nine years.