23 Mar 2022 16:57
To: RNS
From: BMO UK High Income Trust PLC
Date: 23 March 2022
LEI: 213800B7D5D7RVZZPV45
Dividend and Capital Repayment
The Board of BMO UK High Income Trust PLC announces a fourth quarter dividend in respect of the financial year to 31 March 2022 of 1.55 pence per Ordinary share. This dividend will be paid on 6 May 2022 to Ordinary shareholders on the register on 8 April 2022, with an ex-dividend date of 7 April 2022.
A fourth quarter capital repayment of 1.55 pence per B share will be paid on 6 May 2022 to B shareholders on the register on 8 April 2022, with an ex-dividend date of 7 April 2022. 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 2022, total dividends / capital repayments have increased by 2.8% to 5.45 pence per share (Financial year to 31 March 2021: 5.30 pence per share).
Based on these distributions, the dividend yield on an Ordinary share was 6.4% based on the Ordinary share price of 85 pence as at 22 March 2022, and the distribution yield on a B share was 6.4% based on the B share price of 84.5 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 3.1% 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 330 pence as at 22 March 2022.
Enquiries:
Philip Webster, Fund Manager
BMO Investment Business Limited
Tel: 0207 628 8000