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Dividend and Capital Repayment

Released 16:03 05-Dec-2017

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.





Philip Webster, Fund Manager

F&C Investment Business Limited

Tel: 0207 628 8000






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Dividend and Capital Repayment - RNS