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To: RNS
From: BMO UK High Income Trust PLC
Date: 26 February 2020
LEI: 213800B7D5D7RVZZPV45
Dividend and Capital Repayment
The Board of BMO UK High Income Trust PLC announces a fourth quarter dividend in respect of the financial year to 31 March 2020 of 1.34 pence per Ordinary share. This dividend will be paid on 1 May 2020 to Ordinary shareholders on the register on 3 April 2020.
A fourth quarter capital repayment of 1.34 pence per B share will be paid on 1 May 2020 to B shareholders on the register on 3 April 2020. 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 increase of 3.9% over the fourth quarter dividend / capital repayment paid in the prior year. For the financial year to 31 March 2020, total dividends / capital repayments have increased by 3.4% to 5.21 pence per share (Financial year to 31 March 2019: 5.04 pence per share).
Based on these distributions, the dividend yield on an Ordinary share was 5.4% based on the Ordinary share price of 97.0 pence as at 25 February 2020, and the distribution yield on a B share was 5.3% based on the B share price of 98.0 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 4.4% 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 5.4% based on a unit price of 385 pence as at 25 February 2020.
Enquiries:
Philip Webster, Fund Manager
BMO Investment Business Limited
Tel: 0207 628 8000
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Dividend and Capital Repayment - RNS
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BMO UK High Income Trust plc published this content on 26 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 February 2020 12:47:04 UTC
