Result of AGM

To: RNS

From: BMO UK High Income Trust PLC

Date: 9 July 2019

LEI: 213800B7D5D7RVZZPV45

Subject: Result of Annual General Meeting

BMO UK High Income Trust PLC ('the Company') announces that, at the Annual General Meeting held on 9 July 2019, all 14 resolutions proposed were duly passed, including those detailed below:

· An ordinary resolution renewing the Directors' authority to allot new Ordinary shares of 0.1 pence each up to an aggregate nominal amount of £4,316 and new B shares of 0.1 pence each up to an aggregate nominal amount of £1,548 being 5% of the Company's total issued Ordinary shares and 5% of the Company's total issued B shares respectively (excluding shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on 30 September 2020, whichever is earlier, unless previously revoked, varied or extended by the Company in general meeting.

· A special resolution renewing the Directors' authority to allot new Ordinary shares of 0.1 pence each up to an aggregate nominal amount of £4,316 and new B shares of 0.1 pence each up to an aggregate nominal amount of £1,548 being 4.2% of the Company's total issued Ordinary shares and 4.8% of the Company's total issued B shares respectively (including shares held in treasury) for cash without first offering such shares to existing shareholders pro rata to their existing holdings. This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on 30 September 2020, whichever is earlier unless previously varied, revoked or renewed by the Company in general meeting.

· A special resolution renewing the Directors' authority to make market purchases of up to 12,940,588 Ordinary shares and 4,643,407 B shares being approximately 14.99% of the issued Ordinary shares and 14.99% of the issued B shares (excluding Ordinary shares and B shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting or on 30 September 2020, whichever is the earlier, unless previously varied, revoked or renewed by the Company in general meeting.

· An ordinary resolution authorising the Directors to sell Ordinary shares and/or B shares held in treasury at a price below the net asset value per share of the existing Ordinary shares and/or B shares subject to set conditions.

· A special resolution renewing the Directors' authority to sell shares from treasury without having first to make a pro rata offer to existing shareholders limited up to an aggregate nominal amount of £8,632 in respect of Ordinary shares and £3,097 in respect of B shares, representing approximately 8.5 per cent of the Company's Ordinary share capital in issue and approximately 9.7 per cent of the Company's B share capital in issue (including treasury shares). This authority shall expire at the conclusion of the next Annual General Meeting of the Company or on 30 September 2020, whichever is the earlier, unless previously varied, revoked or renewed by the Company in general meeting.

· A special resolution authorising the Company to hold general meetings (other than annual general meetings) on 14 clear days' notice such authority to expire at the conclusion of the next Annual General Meeting of the Company or 30 September 2020, whichever is the earlier.

The full text of all the resolutions can be found in the Notice of Annual General Meeting set out in the Annual Report and Financial Statements for the year ended 31 March 2019, which was submitted to the National Storage Mechanism on 4 June 2019 and is available for inspection at www.morningstar.co.uk/uk/nsm

A summary of the proxy votes received will shortly be available on the Company's website www.bmoukhighincome.com  

For further information please contact:

BMO Investment Business Limited 0207 628 8000