Couldn't get an online quote to buy 4000 shares this morning. Had to do a fill or kill order at 90.5p. During all of November, I could buy as many as I wanted with price improvements. CHIB overhang seems to have reversed. |
On Friday 13th CT UK High Inc sold 500,000 CHI shares from treasury at 100.5p. Effectively issuing new shares at a Premium to NAV. Never saw that coming. Suppose we need to thank Daily Mail. |
lol that's crazy. Well done. |
just sold my ordinary shares for 95p and bought the Bs at 88p. Crazy! |
As expected the buys are coming in for CHI but none for CHIB which is the real bargain. Prices now --
CHI 90p-94p
CHIB 85p-87p |
A lot cheaper in fact.
CHI 89p-93p
CHIB 85p-87p
Id hope you can trade inside these spreads. |
The article mentions CHI but the capital shares are CHIB and they are a bit cheaper. |
We're in the news -- |
Well I've seen NAV around 99p a few times now, only to see the FTSE 100 sell-off. Perhaps we'll finally see a push through 8400 with a Santa Claus rally. |
NAV 98.7p and another strong day for the FTSE so it could be 99.5p tomorrow.
6.3% yield |
interim results out
Ive added at 83.8p |
3rd Interim
Ex 1.35p 2nd January
Paid 7th February 2025 |
Received CHIV + AEET dividends on 1st November with II and reinvested in ADIG on 35% discount to NAV. |
1 November for me, only just checked. |
It finally landed in my account today |
That's interesting. Maybe these brokers focus on dividends and put the capital returns to the back of the queue. |
I can't see it in my HL account. Either in income or transactions. |
Has anyone NOT received the capital repayment yet? Im not expecting to see it as a dividend but I cant see any payment into my account at all so far. It should have been paid 1st November. |
I used my isa allowance on CHIB before the XD.
CHI has a nasty spread and the % discount does not interest me at 90 pence om the offer. |
Ex 1.35pps this morning and share price is unchanged. Paid 1st November. |
 From: CT UK High Income Trust PLC
Date: 26 September 2024
LEI: 213800B7D5D7RVZZPV45
Dividend and Capital Repayment
The Board of CT UK High Income Trust PLC announces a second quarter dividend in respect of the financial year to 31 March 2025 of 1.35 pence per Ordinary share. This dividend will be paid on 1 November 2024 to Ordinary shareholders on the register on 4 October 2024, with an ex-dividend date of 3 October 2024.
A second quarter capital repayment of 1.35 pence per B share will be paid on 1 November 2024 to B shareholders on the register on 4 October 2024, with an ex-dividend date of 3 October 2024. Capital repayments on B shares are paid at the same time and in an amount equal to each dividend paid on an Ordinary share.
The normal pattern for the Company is to pay four quarterly interim distributions per financial year.
At this stage and in the absence of unforeseen circumstances, the Company currently intends that the third quarter distributions will each be 1.35 pence per share and that the aggregate distribution for the financial year to 31 March 2025 will be at least 5.62 pence per share (Financial year to 31 March 2024: 5.62 pence per share). |
Including today's gains around 14% discount to NAV. |
I think the overhang is still there. |
FTSE is up 1% so in for another 5K at 85.98p.
I'm hoping for a dividend announcement next week. |
That's a great price. Would've got some myself today, but I'm already fully invested. No cash reserves left.
Due a large payout on RMII tender after 30 September and IPU a week later. Hopefully CHIB will still be dirt cheap then. |
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