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CT UK High Income Trust aims to provide shareholders with an attractive level of income together and capital growth.
To achieve this, the trust has two share classes, which pay investors on a quarterly basis:
• Ordinary shares - The quarterly cash payment is paid as a dividend from the trust’s earnings (income)
• B shares – The quarterly cash payment is paid as capital returns (sometimes called capital dividend) from its paid-in- capital or shareholders’ equity. Capital returns are taxed under capital gains tax (CGT) rules which can provide tax benefits to certain types of investors (capital growth)
The Trust invests predominantly in high quality UK equities, with c. 10% invested in European equities. This enables the trust to invest in market-leading companies not listed in the UK. The trust aims to maintain a portfolio of approximately 40 holdings at any given time, allowing the investment team to diversify risk, whilst maintaining a focused approach.
The objective of the trust is to achieve a total return in excess of the FTSE All-Share Index.
Source material to be included: Data from 1st June 2023 to 24th June 2024. 1st June 2023 taken as 100.
https://www.columbiathreadneedle.co.uk/uk-high-income-trust-plc/