F&C UK High Income Trust PLC Dividend and Capital Repayment (3421R)

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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: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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September 20, 2017 11:34 ET (15:34 GMT)