Ct Uk High Income Share Discussion Threads

[2wild] 26/7/2024 09:48

That's CHI need CHIB

[essentialinvestor] 26/7/2024 09:28

I was quoted 90 pence!.

[2wild] 26/7/2024 09:13

Picked up 7000 at 86.45p this morning. Some large gains in top 10. NWG 7% SHEL 1.3% AZN 1.4% RIO 1.8% at 10am today.

[2wild] 18/7/2024 18:47

Top 10 holdings %30 June
Shell. 8.56
AstraZeneca 7.37
HSBC 6.26
Rio Tinto 5.57
GSK 3.71
Legal & General Group 3.67
Imperial Brands 3.24
Phoenix Group3.21
NatWest 3.12
RELX 2.95

% Portfolio Breakdown
FTSE100 79.69
FTSE 250 10.64
Overseas 5.87
Non-Index 2.86
AIM 1.17

Net Gearing
12.57%

[brwo349] 05/7/2024 07:19

Nice 1p rise in NAV yesterday. With another decent rise to be reported today then that will more than cover the ex-dividend hit.

[2wild] 24/6/2024 14:26

Yes about 6% lower. It used to be the reverse with CHIB a few % more than CHI. A year or 2 ago cleared a few £100s by switching between them. Given NAV and quarterly payments are always identical by design, any price difference should be minimal. If anything.

[brwo349] 24/6/2024 13:06

For those unfamiliar there are 2 classes of shares - CHIA and CHIB

CHIB holders get paid the dividend as a capital gain.
CHIA holders get paid the dividend as income.

If you hold in an ISA it shouldn't matter which one you buy but last time I looked CHIB was cheaper.

[brwo349] 24/6/2024 13:04

In Full:

CT UK High Income Trust PLC Dividend and Capital Repayment
24/06/2024 10:43am
RNS Regulatory News


RNS Number : 5936T


From: CT UK High Income Trust PLC
Date: 24 June 2024
LEI: 213800B7D5D7RVZZPV45

Dividend and Capital Repayment

The Board of CT UK High Income Trust PLC announces a first 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 2 August 2024 to Ordinary shareholders on the register on 5 July 2024, with an ex-dividend date of 4 July 2024.

A first quarter capital repayment of 1.35 pence per B share will be paid on 2 August 2024 to B shareholders on the register on 5 July 2024, with an ex-dividend date of 4 July 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 second and 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).

Enquiries:

David Moss, Portfolio Manager

Columbia Threadneedle Investment Business Limited

Tel: [phone]

[2wild] 24/6/2024 11:33

Q1 dividend 1.35p (capital return on Bs), up 2.27% from 1.32p llast year.

Payment date 2nd August.
Ex date 4th July.

[brwo349] 21/6/2024 13:35

july not june

[brwo349] 21/6/2024 12:18

I had a look at the dividend calendar on HL.
Early June last year was an ex dividend date but no announcement yet.

[brwo349] 21/6/2024 12:17

nav 97.64p as of close of play yesterday

[brwo349] 20/6/2024 18:56

I also added at that price today. I'll buy again tomorrow if I can get the same price and as long as its not a bad market day.

[2wild] 20/6/2024 17:50

Picked up 4000 at 85.08p today, on 12% discoun to NAV. Probably near 13% including today's games.

[brwo349] 19/6/2024 13:06

Top Ten Holdings

Shell 8.34%
AstraZeneca 7.13%
HSBC 6.00%
Rio Tinto 5.75%
GSK 4.2%
Legal & General Group 3.96%
Imperial Brands 3.76%
NatWest 3.09%
Phoenix Group 3.00%
RELX 2.72%

[brwo349] 19/6/2024 13:03

On offer now at 84.75p.
6.6% yield
12.2% discount to the 96.5p NAV

[2wild] 21/5/2024 14:08

Paid 87.5p today. 11.8% discount to yesterday's closing 99.25p NAV. Yielding 6.4% paid quarterly.

[2wild] 20/5/2024 10:56

As at 30 April 2024 CHIB Share Price 82.5p- 84p
NAV 93.72p. 11.7% Discount to NAV

CT UK High Income has 2 classes of shares: about 75% ĈHI + 25% CHIB. Both have identical £ dividends and NAV. Dividend yield is enhanced by paying CHIB dividends from capital.

Yield 6.5% at 87p
Ex Dividend: January April July October
Paid early: February May August November

Top 10 Holdings % 31 Jul 2024
Shell 8.29
AstraZeneca 6.62
HSBC 6.22
Rio Tinto 5.19
Legal & General Group 3.62
Nat West Group 3.56
GSK 3.54
Imperial Brands 3.32
Phoenix Group 3.24
OSB Group 2.83
% Breakdown:
FTSE 100 77.66
FTSE 250 12.27
Overseas 6.49
Not indexed 2.36
AIM 1.22
Net Gearing
12.71%