Last checked at 20 Mar 2023 14:49
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: 0207 628 8000