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New City Investment Managers

NCIM's belief is that it is key to deliver good returns for investors, building on the reputation of NCIM's investment and client service skills.

A key element of NCIM's approach is the Company's flying pig logo-so many times the NCIM team hears presentations from potential investee companies who hope that their business proposition is going to flourish yet often there is a greater chance that pigs may fly.

It is NCIM's duty, through its proven investment process to ensure it selects investments for its clients which are robust with soundly based business strategies, rather than flying pigs. This fundamental investment approach provides the foundation for NCIM to achieve the goals clients expect.




New City High Yield Trust

Investment Objective - to provide investors with a high gross dividend yield and the potential for capital growth by mainly investing in high yielding fixed interest securities.


TOP 10 HOLDINGS
as at 30th April 2007
Gross Assets
(%)
1. Balfour Beatty 10.75% cnv cum prf 5.2
2. Georgica FRN 2012 11.75% 3.8
3. Real Estate Opportunities 7.5% cnv 2011 3.8
4. AMI 2013 10% Cv 3.7
5. Novae Group (SVB) 7% CULS 2008 3.1
6. Cable & Wireless 8.625& 2019 2.8
7. Corporate Services Group 10% 2011 2.7
8. Equitable Life 8% 2007 2.6
9. Alliance Pharmacuticals 8% Conv 2013 2.5
10. General Motors 8.875% 2023 2.3


Top 10 Holdings Represent 32.5%


Total number of holdings 76

Associated Trust

>> City Natural Resources High Yield Trust


Contact details

Richard Lockwood
Senior Investment Manager

t. 020 7557 4372
f. 020 7557 4379
e. ral@ncim.co.uk


Andrew Ferguson
Investment Manager

t. 020 7557 4371
f. 020 7557 4379
e. acf@ncim.co.uk


Address

New City Investment Managers Limited
5th Floor, Manfield House
1 Southampton Street
London WC2R 0LR


Website: www.ncim.co.uk