RNS Number:8678R
New City High Yield Trust PLC
26 February 2007



                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company


New City High Yield Trust plc



2. Name of shareholder having a major interest


Bank of England



3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18


As 2



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them


The Securities Management Trust Limited



5. Number of shares / amount of stock acquired


n/a



6. Percentage of issued class


n/a



7. Number of shares / amount of stock disposed


1,250,000



8. Percentage of issued class


1.26



9. Class of security


Ordinary



10. Date of transaction


n/a



 11. Date company informed


23/02/07



12. Total holding following this notification


3,210,000



13. Total percentage holding of issued class following this notification


3.24



14. Any additional information


n/a



15. Name of contact and telephone number for queries


Susan Edgar  0131 718 1000



16. Name and signature of authorised company official responsible for making
this notification


Martin Cassels, F&C Asset Management plc, Secretaries



Date of Notification


26/02/07



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for loss of business or loss of profits) arising in contract, tort or otherwise
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it, or from any action or decision taken as a result of using this document or
any such material.


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END

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