BMO UK High Income Trust PLC Dividend and Capital Repayment (3578Q)
June 27 2022 - 12:02PM
UK Regulatory
TIDMBHI TIDMBHIB TIDMBHIU
RNS Number : 3578Q
BMO UK High Income Trust PLC
27 June 2022
To: RNS
From: BMO UK High Income Trust PLC
Date: 27 June 2022
LEI: 213800B7D5D7RVZZPV45
Dividend and Capital Repayment
The Board of BMO UK High Income Trust PLC announces a first
quarter dividend in respect of the financial year to 31 March 2023
of 1.32 pence per Ordinary share. This dividend will be paid on 5
August 2022 to Ordinary shareholders on the register on 8 July
2022, with an ex-dividend date of 7 July 2022.
A first quarter capital repayment of 1.32 pence per B share will
be paid on 5 August 2022 to B shareholders on the register on 8
July 2022, with an ex-dividend date of 7 July 2022. Capital
repayments on B shares are paid at the same time and in an amount
equal to each dividend paid on an Ordinary share.
This represents an unchanged dividend / capital repayment from
the third quarter of the prior financial year to 31 March 2022.
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 1.32 pence per share and that the
aggregate distribution for the financial year to 31 March 2023 will
be at least 5.45 pence per share (Financial year to 31 March 2022:
5.45 pence per share).
Based on these intended distributions, the dividend yield on an
Ordinary share was 6.4 per cent based on the Ordinary share price
of 85.5 pence as at 24 June 2022, and the distribution yield on a B
share was 6.3 per cent based on the B share price of 86.5 pence on
the same date. These yields compare favourably with the yield on
the FTSE All-Share Index of 3.5 per cent at the same date. For
those shareholders that hold units (each comprising three Ordinary
shares and one B share) the distribution yield on this unit holding
was 6.4 per cent based on a unit price of 338 pence as at 24 June
2022.
Enquiries:
Philip Webster, Fund Manager
BMO Investment Business Limited
Tel: 0207 628 8000
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END
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