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From: F&C UK High Income Trust plc
Date: 31 January 2018
Dividend and Capital Repayment
The Board of F&C UK High Income Trust plc announces a fourth quarter dividend of 1.25 pence per share on the Ordinary shares of the Company. This dividend will be paid on 4 May 2018 to Ordinary shareholders on the register on 6 April 2018.
A fourth quarter capital repayment of 1.25 pence per share will be paid on the B shares of the Company on 4 May 2018 to B shareholders on the register on 6 April 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 3.3 per cent over the fourth quarter dividend / capital repayment paid in the prior year. For the financial year to 31 March 2018, total dividends / capital repayments have increased by 3.4% to 4.88 pence per share (Financial year to 31 March 2017: 4.72 pence per share).
Based on these distributions, the dividend yield on an Ordinary share was 4.6 per cent based on the Ordinary share price of 106 pence as at 30 January 2018, and the distribution yield on a B share was 4.6 per cent based on the B share price of 106 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 4.6 per cent based on a unit price of 423 pence as at 30 January 2018.
Philip Webster, Fund Manager
F&C Investment Business Limited
Tel: 0207 628 8000
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