RNS Number:8808S
Monthly High Income Trust PLC
04 December 2003

4 December 2003





THE MONTHLY HIGH INCOME TRUST PLC (in members' voluntary liquidation) ("MHIT")

MHIT SECURITIES PLC (in members' voluntary liquidation) ("MHIT Securities")

Voluntary winding up of The Monthly High Income Trust PLC and MHIT
Securities PLC



Extraordinary General Meetings of both MHIT and MHIT Securities were held on 3
December 2003 at which special resolutions were passed approving the liquidation
of MHIT and MHIT Securities. The liquidations become effective immediately.



Geared Ordinary Shareholders have received their final dividend entitlements
prior to liquidation and will receive no further payments in respect of their
shares.



As at the close of business on 2nd December 2003 the net asset value per Zero
Dividend Preference Share is 68.69 pence. The first distribution during the week
commencing 8 December 2003 is expected to be 67.3 pence per Zero Dividend
Preference Share, which amounts to approximately 98 per cent. of the net assets
of MHIT and MHIT Securities.  To the extent that any part of the retained
liquidation fund is not required to meet MHIT's and MHIT Securities'
liabilities, any balance remaining in the hands of the liquidators will be paid
as one or more distributions to Zero Dividend Preference Shareholders. The final
distribution, if any, will be made once all of MHIT's and MHIT Securities'
affairs have been settled and all of their liabilities paid.





For further information:

Neil Smith        0207 809 6151

Morley Fund Management














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