F&C UK High Income Trust PLC Dividend and Capital Repayment (3421R)
21 September 2017 - 1:34AM
UK Regulatory
TIDMFHI TIDMFHIU TIDMFHIB
RNS Number : 3421R
F&C UK High Income Trust PLC
20 September 2017
To: RNS
From: F&C UK High Income Trust plc
Date: 20 September 2017
Dividend and Capital Repayment
The Board of F&C UK High Income Trust plc announces a second
quarter dividend of 1.21 pence per share on the Ordinary shares of
the Company. This dividend will be paid on 3 November 2017 to
Ordinary shareholders on the register on 6 October 2017. A second
quarter capital repayment of 1.21 pence per share will be paid on
the B shares of the Company on 3 November 2017 to B shareholders on
the register on 6 October 2017. 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 3.4 per cent over the second
quarter dividend / capital repayment paid in the prior year. As
previously announced, in the absence of unforeseen circumstances,
the Company intends to increase each of the remaining quarterly
dividends for the year ending 31 March 2018 by a similar
amount.
Based on these intended distributions, the dividend yield on an
Ordinary share was 4.7 per cent based on the Ordinary share price
of 104 pence as at 19 September 2017, and the distribution yield on
a B share was 4.7 per cent based on the B share price of 104 pence
on the same date. These yields compare favourably with the yield on
the FTSE All-Share Index of 3.7 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 4.7 per cent based on a unit price of 413.5 pence as at 19
September 2017.
Enquiries:
Philip Webster, Fund Manager
F&C Investment Business Limited
Tel: 0207 628 8000
This information is provided by RNS
The company news service from the London Stock Exchange
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