Invesco Enhanced Income Ltd - Results of Scheme PR Newswire Circular") relating to the proposed merger with City Merchants High Yield Trust Limited (" CMHY") to be effected by way of a shareholder approved contractual scheme of reconstruction (the " Scheme"), the Board of Invesco Enhanced Income Limited (" IPE" or the " Company") is pleased to announce that the Company will transfer approximately £130.2 million of net assets to CMHY under the terms of the Scheme in consideration resulting in the issue of 66,836,392 New CMHY Shares. The number of New CMHY Shares to be issued was calculated based on a Company FAV per Share of 74.6470 pence and a CMHY FAV per Share of 194.8580 pence, producing a conversion ratio of approximately 0.383084, each calculated in accordance with the Scheme. As set out in the Circular, the New CMHY Shares which would otherwise be issued to Restricted Shareholders pursuant to the Scheme will instead be issued to the Liquidators as nominees on behalf of such Restricted Shareholders who will arrange for such shares to be sold promptly by a market maker. The proceeds of such sales will be paid to relevant Restricted Shareholders entitled to them within ten Business Days of the date of sale, save that entitlements of less than £5.00 per Restricted Shareholder will be retained by CMHY for its own account.