F&C UK High Income Trust PLC Dividend and Capital Repayment (4721Y)
06 December 2017 - 3:03AM
UK Regulatory
TIDMFHI TIDMFHIU TIDMFHIB
RNS Number : 4721Y
F&C UK High Income Trust PLC
05 December 2017
To: RNS
From: F&C UK High Income Trust plc
Date: 5 December 2017
Dividend and Capital Repayment
The Board of F&C UK High Income Trust plc announces a third
quarter dividend of 1.21 pence per share on the Ordinary shares of
the Company. This dividend will be paid on 2 February 2018 to
Ordinary shareholders on the register on 5 January 2018.
A third quarter capital repayment of 1.21 pence per share will
be paid on the B shares of the Company on 2 February 2018 to B
shareholders on the register on 5 January 2018. 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 third
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 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 103 pence as at 4 December 2017, and the distribution yield on a
B share was 4.8 per cent based on the B share price of 101.5 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 412.5 pence as at 4
December 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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