Overview
CT UK High Income Trust has two classes of share – ordinary shares (formerly BHI / FHI / ICTA) and B shares (formerly BHIB / FHIB / ICTB) – which pay the same level of quarterly cash distributions. The cash distributions on the ordinary shares are paid as dividends while those on the B shares are paid by way of capital distributions and therefore taxed under capital gains tax (CGT) rules which can provide tax benefits to certain types of investors.
The shares are also traded as units (formerly BHIU / FHIU / ICTU) – each unit consists of three ordinary shares and one B share.
The fund’s website
Fundamentals
Price
Research History
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30 Nov 2024 1 min read
QuotedData’s Weekly News Show Special: Investing for income
On Friday’s show, James Carthew covered the week’s top stories and hosted a panel discussion between Thomas Moore from abrdn Equity Income, David Moss from CT UK High Income Trust and Ben Green from Supermarket Income REIT. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s […]
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05 Jan 2023 90 min read
QuotedData’s Economic and Political Monthly Roundup January 2023
Economic and Political Monthly Roundup Investment companies | Monthly | January 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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08 Jun 2020 8 min read
QuotedData’s Economic Roundup – June 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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10 Jan 2020 8 min read
QuotedData’s economic roundup – January 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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07 Jun 2019 5 min read
QuotedData’s economic roundup – June 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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18 Jan 2018 1 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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16 May 2017 2 min read
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
News
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30 May 2025 2 min read
CT UK High Income Trust outperforms and hikes dividends again
CT UK High Income Trust (CHI) has published its audited results for the year ended 31 March 2025, delivering another year of outperformance and a twelfth consecutive annual increase in distributions to shareholders. Over the financial year, the trust’s NAV total return was +13.5%, comfortably ahead of the FTSE All-Share Index’s +10.5% return. Share price […]
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31 May 2024 7 min read
CT UK High Income now a next generation dividend hero
CT UK High Income (CHI) has announced its annual results for the year ended 31 March 2024, during which it provided NAV and share price total returns of 11.8% and 10.2% for its ordinary shares respectively, which are both ahead of the return of its All-Share Index benchmark, which it says returned 8.4%. Its chairman, […]
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16 Feb 2024 1 min read
QuotedData’s morning briefing 16 February 2024 – CHIU, INPP
In QuotedData’s morning briefing 16 February 2024: CT UK High Income Trust has decided to cancel the listing of its units (CHIU). Until now, investors had been able to hold and trade in units in the fund that were comprised of three ordinary shares and 1 B share. Now, the units are being discontinued and […]
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13 Jul 2023 1 min read
New manager for CT UK High Income
CT UK High Income has announced that David Moss will succeed Philip Webster as its portfolio manager with immediate effect. The investment policy and objective will remain unchanged. David has worked at the investment manager (which became part of Columbia Threadneedle Investments in 2021) for 25 years, and is currently the head of European equities […]
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02 Jun 2023 4 min read
QD view – Can we just stop oil? Contrasting the fortunes of two UK equity income trusts
The recent annual results from CT UK High Income (CHI) and Edinburgh Investment Trust (EDIN) have given us the interesting opportunity to compare the views of two managers targeting the UK equity income sector. Since the pandemic lows reached towards the end of 2020, the two funds have seen a wide divergence in performance with […]
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01 Jun 2023 2 min read
Lack of energy exposure holds back CT UK High Income
CT UK High Income Trust says that for the year ended 31 March 2023 it generated an NAV return of -0.4%, underperforming its All-Share benchmark which returned +2.9%. The return to ordinary shareholders was +0.6% and to B shareholders +2.3%. Total dividends increased by 1.1% to 5.51p, representing the tenth consecutive year of dividend/capital repayment […]
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05 Dec 2022 2 min read
CT UK High Income half year report
CT UK High Income Trust (CHI) has recently released its half year report, for the six-month period ending 30 September 2022. We remind readers that CHI operates with two share classes, ordinary and B. Over the period CHI generated a NAV total return of -11.8%, compared to the -8.3% return of its benchmark, the FTSE […]
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30 Jun 2022 2 min read
QuotedData’s morning briefing 30 June 2022
In QuotedData’s morning briefing 30 June 2022: Riverstone Credit Opportunities Income (RCOI) has realised its investment in Roaring Fork Midstream, crystalising a 21.3% IRR and 1.16x MOIC. The loan was made in March 2021, with a $5.9m first lien delayed-draw term loan to sponsor-backed Roaring Fork Midstream, a company which owns and operates pipeline and […]
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10 Jun 2022 1 min read
QuotedData’s weekly news show 10th June 2022
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew and Andrew McHattie covered the week’s top stories: • BMO UK High Income • Rights and Issues This week’s interview was with Craig Martin of Vietnam Holding – watch it […]
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31 May 2022 3 min read
BMO UK High Income pleads case for continuation
BMO UK High Income Trust says that over the year ended 31 March 2022, it generated a return on NAV of 1.9%, an ordinary share price return of 0.6%, and a B share return of 1.6%, all well-behind the 13.0% return on the All-Share index. Total distributions on the ordinary shares increased by 2.8% to […]
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25 May 2021 4 min read
BMO UK High Income delivers a near 11% outperformance of its benchmark
BMO UK High Income’s (BHI’s) year-end results to 31 March 2021 saw it register a total NAV return of 37.4%, which was well-ahead of its benchmark (26.7% from the FTSE all-share index). BHI’s ordinary shares delivered a total return of 40.8%. Philip Webster, BHI’s manager, had this to say: “There were several legs to the outperformance; cutting some of […]
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29 May 2020 4 min read
BMO UK High Income reflects on the challenges facing the UK equity income sector
BMO UK High Income (BHI) reported annual results to 31 March 2020, this morning. Performance highlights include: Total distributions increased by 3.4% to 5.21p per share compared to the prior year. Distribution yield of 7.5% on ordinary shares and 7.7% on B shares at 31 March 2020, compared to the yield on the FTSE all-share index […]
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23 May 2019 1 min read
BMO UK High Income revamp yet to pay dividends
BMO UK High Income revamp yet to pay dividends – BMO UK High Income has released results covering the year to the end of March 2019. The NAV total return for the ordinary shares and the B shares was 3.5% compared to the total return of the benchmark of 6.0%. The share price total return for […]
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06 Apr 2017 1 min read
Rodger McNair to step down from F&C High Income
Since launch in 2007, Rodger McNair has been F&C UK High Income’s manager. The fund has just passed a milestone. There is a performance related trigger for a continuation vote every five years. Over the five years ended 31 March 2017, F&C UK High Income has outperformed its benchmark. This means there is no need […]
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29 Nov 2016 1 min read
Investors Capital ahead of benchmark in first half
Investors Capital Trust says it generated a net asset value total return for the A shares and B shares of 13.4 per cent. over the six months to 30 September 2016. This return was ahead of the 12.7 per cent. total return for their benchmark. During the six months to 30 September 2016, the company’s […]
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20 May 2016 1 min read
Investors Capital just ahead of benchmark
Investors Capital has released results for the year ended 31 March 2016. The Company’s Equities Portfolio produced a total return of -2.4 per cent. during the year to 31 March 2016, while the Higher Yield Portfolio returned 1.1 per cent. Returns from the Equities Portfolio and the Higher Yield Portfolio, combined with the effect of […]
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30 Nov 2015 1 min read
Investors Capital reports modest outperformance
Investors Capital half hear results for the period ended 30 September 2015 show an NAV total return of -6.1%, modestly better than the -7.0% return posted by the FTSE All-Share Capped 5% Index. The interim dividend was increased by 2.7% and the plan is to pay dividends totalling 4.6p for the year ended 31 March 2016. […]
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19 May 2015 1 min read
Investors Capital underperforms but discount tightens
Investors Capital Trust’s results for the year ended 31 March 2015 were published yesterday. The net asset value total return per share for the year was 5.2%, compared to the FTSE All-Share Capped 5% Index total return of 6.9% and the share price total return per share for the year was 11.2% for the A […]
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15 May 2014 1 min read
Investors Capital : ICTA / ICTB / ICTU – annual results
Investors Capital, managed by Rodger McNair (pictured), has released its annual results for the year ended 31 March 2014. The fund outperformed – generating a total return on the net asset value of 9.7% vs. a 9.1% return on the FTSE All-Share capped 5% Index (its benchmark). The fund, which is managed with two portfolios – one […]
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11 Mar 2014 1 min read
Investors Capital : ICTA – management fees
The Board of Investors Capital, led by Iain McLaren (pictured) have agreed to cut the management fee from 0.9% of net assets to 0.75% (this takes effect on 1st April 2014). They also scrapping the performance fee.
Upcoming Events
Videos
In The Press
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08 Mar 2024 1 min read
The most expensive trusts relative to their history
By Matteo Anelli, Senior reporter, Trustnet, 07 March 2024: Premiums are rare in the investment trusts industry, which suffers from chronic discounts, but there are still some trusts that have caught investors’ eyes and garnered traction over the past five years, according to data from QuotedData. Earlier this morning, we looked at the trusts that […]
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23 Jul 2020 1 min read
Can investment trusts survive the UK dividend drought?
Can investment trusts survive the UK dividend drought? By Dave Baxter UK dividends have evaporated in the past few months, with no imminent recovery in sight. Link Asset Services predicts that UK dividends could fall by between 45 and 49 per cent on a headline basis in 2020 versus the previous year’s total, based on its best- and worst-case scenarios… […]
