City Merchants High Yield Trust Ltd (CMHY)

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Company Description

City Merchants High Yield Trust Ltd was incorporated on December 19, 2011. It is a closed-end investment company. The Company invests in diversified portfolio of high-yielding fixed-interest securities. Its investment objective is to obtain both high income and capital growth from investment, predominantly in high-yielding fixed-interest securities. It provides high level of dividend income through investment in fixed-interest securities, various equity-like securities within fixed-income markets and equity-linked securities such as convertible bonds and in direct equities that have a high income yield. The manager of the Company is Invesco Asset Management Ltd, a wholly owned subsidiary of Invesco Ltd...