Dividend and Capital Repayment

RNS Number : 5643T

CT UK High Income Trust PLC

20 March 2023

 

To:  RNS

From:  CT UK High Income Trust PLC

Date:  20 March 2023

LEI:   213800B7D5D7RVZZPV45

Dividend and Capital Repayment

The Board of CT UK High Income Trust PLC announces a fourth quarter dividend in respect of the financial year to 31 March 2023 of 1.55 pence per Ordinary share.  This dividend will be paid on 5 May 2023 to Ordinary shareholders on the register on 11 April 2022, with an ex-dividend date of 6 April 2023. 

A fourth quarter capital repayment of 1.55 pence per B share will be paid on 5 May 2023 to B shareholders on the register on 11 April 2023, with an ex-dividend date of 6 April 2023. Capital repayments on B shares are paid at the same time and in an amount equal to each dividend paid on an Ordinary share. 

For the financial year to 31 March 2023, total dividends / capital repayments have increased by 1.1% to 5.51 pence per share (Financial year to 31 March 2022: 5.45 pence per share).

Based on these distributions, the dividend yield on an Ordinary share was 6.7% based on the Ordinary share price of 82.5 pence as at 17 March 2023, and the distribution yield on a B share was 6.4% based on the B share price of 86.0 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 3.7% 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 6.6% based on a unit price of 332 pence as at 17 March 2023.

Enquiries:

Philip Webster, Fund Manager

Columbia Threadneedle Investment Business Limited

Tel: [phone]

 

END

 

 

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