Dividend and Capital Repayment

RNS Number : 8958C

BMO UK High Income Trust PLC

23 June 2021

 

To:  RNS

From:  BMO UK High Income Trust PLC

Date:  23 June 2021

LEI:   213800B7D5D7RVZZPV45

Dividend and Capital Repayment

The Board of BMO UK High Income Trust PLC announces a first quarter dividend in respect of the financial year to 31 March 2022 of 1.29 pence per Ordinary share.  This dividend will be paid on 6 August 2021 to Ordinary shareholders on the register on 2 July 2021. 

A first quarter capital repayment of 1.29 pence per B share will be paid on 6 August 2021 to B shareholders on the register on 2 July 2021.  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 unchanged dividend / capital repayment from the first quarter of the prior financial year to 31 March 2021.

The normal pattern for the Company is to pay four quarterly interim distributions per financial year.

At this stage and in the absence of unforeseen circumstances, the Company currently intends that the second and third quarter distributions will each be 1.29 pence per share and that the aggregate distribution for the financial year to 31 March 2022 will be at least 5.3 pence per share (Financial year to 31 March 2021: 5.3 pence per share).

Based on these intended distributions, the dividend yield on an Ordinary share was 5.5 per cent based on the Ordinary share price of 97 pence as at 22 June 2021, and the distribution yield on a B share was 5.5 per cent based on the B share price of 97 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 2.8 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 5.5 per cent based on a unit price of 386 pence as at 22 June 2021.

Enquiries:

Philip Webster, Fund Manager

BMO Investment Business Limited

Tel: [phone]

 

END

 

 

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