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