Dividend and Capital Repayment

RNS Number : 1183B

F&C UK High Income Trust PLC

18 September 2018

 

To:                   RNS

From:              F&C UK High Income Trust plc

Date:               18 September 2018

LEI:                  213800B7D5D7RVZZPV45

Dividend and Capital Repayment

The Board of F&C UK High Income Trust plc announces a second quarter dividend of 1.25 pence per share on the Ordinary shares of the Company.  This dividend will be paid on 2 November 2018 to Ordinary shareholders on the register on 5 October 2018. 

A second quarter capital repayment of 1.25 pence per share will be paid on the B shares of the Company on 2 November 2018 to B shareholders on the register on 5 October 2018.  Capital repayments on B shares are paid at the same time and in an amount equal to each dividend paid on an Ordinary share.  

This represents an increase of 3.3 per cent over the second quarter dividend / capital repayment paid in the prior year. In the absence of unforeseen circumstances, the Company intends to increase each of the remaining quarterly dividends for the year ending 31 March 2019 by a similar amount.

Based on these intended distributions, the dividend yield on an Ordinary share was 5.0 per cent based on the Ordinary share price of 101 pence as at 17 September 2018, and the distribution yield on a B share was 5.0 per cent based on the B share price of 101 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 3.9 per cent at the same date. For those shareholders that hold units (each comprising three Ordinary shares and one B share) the distribution yield on this unit holding was 5.0 per cent based on a unit price of 407 pence as at 17 September 2018.

Enquiries:

Philip Webster, Fund Manager

F&C Investment Business Limited

Tel: [phone]

 

END

 

 

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