Dividend and Capital Repayment

To: RNS

From: BMO UK High Income Trust PLC

Date: 23 September 2019

LEI: 213800B7D5D7RVZZPV45

Dividend and Capital Repayment

The Board of BMO UK High Income Trust PLC announces a second quarter dividend in respect of the financial year to 31 March 2020 of 1.29 pence per Ordinary share. This dividend will be paid on 1 November 2019 to Ordinary shareholders on the register on 4 October 2019.

A second quarter capital repayment of 1.29 pence per B share will be paid on 1 November 2019 to B shareholders on the register on 4 October 2019. 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 3.2 per cent over the second quarter dividend / capital repayment paid in the prior year.

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

In the absence of unforeseen circumstances, the Company intends that the first three quarterly distributions will each be 1.29 pence per share and that the aggregate distribution for the financial year to 31 March 2020 will be 5.21 pence per share.

Based on these intended distributions, the dividend yield on an Ordinary share was 5.7 per cent based on the Ordinary share price of 92.0 pence as at 20 September 2019, and the distribution yield on a B share was 5.5 per cent based on the B share price of 94.0 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 4.2 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 5.6 per cent based on a unit price of 370 pence as at 20 September 2019.

Enquiries:

Philip Webster, Fund Manager

BMO Investment Business Limited

Tel: 0207 628 8000