BHI CT UK High Income Trust Plc

TIDMBHI TIDMBHIB TIDMBHIU

RNS Number : 9038T

BMO UK High Income Trust PLC

29 November 2021

   To:                   RNS 
   From:              BMO UK High Income Trust PLC 
   Date:               29 November 2021 
   LEI:                  213800B7D5D7RVZZPV45 

Amendment to announcement released at 16:05 on 26 November 2021 under RNS reference 7793T.

The original announcement stated that a second quarter capital repayment will be paid on 4 February 2022 however this represents the third quarter repayment.

The full amended announcement is reproduced below. All other information remains unchanged.

Dividend and Capital Repayment

The Board of BMO UK High Income Trust PLC announces a third quarter dividend in respect of the financial year to 31 March 2022 of 1.32 pence per Ordinary share. This dividend will be paid on 4 February 2022 to Ordinary shareholders on the register on 7 January 2022, with an ex-dividend date of 6 January 2022.

A third quarter capital repayment of 1.32 pence per B share will be paid on 4 February 2022 to B shareholders on the register on 7 January 2022, with an ex-dividend date of 6 January 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 increase of 2.3 per cent over the third quarter dividend / capital repayment paid in the prior financial year to 31 March 2021.

The normal pattern for the Company is to pay four quarterly interim distributions per financial year.

Including this distribution, the first three quarterly distributions will total 3.90 pence per share and in the absence of unforeseen circumstances, the Company currently intends that the aggregate distribution for the financial year to 31 March 2022 will be at least 5.4 pence per share (Financial year to 31 March 2021: 5.3 pence per share).

Based on these intended distributions, the dividend yield on an Ordinary share was 5.7 per cent based on the Ordinary share price of 95.5 pence as at 25 November 2021, and the distribution yield on a B share was 5.7 per cent based on the B share price of 94.25 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 3.1 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 5.7 per cent based on a unit price of 378 pence as at 25 November 2021.

Enquiries:

Philip Webster, Fund Manager

BMO Investment Business Limited

Tel: 0207 628 8000

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November 29, 2021 07:37 ET (12:37 GMT)

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