CT UK High Income Trust (LON:CHIB) Releases Earnings Results

CT UK High Income Trust (LON:CHIB) issued its quarterly earnings data on Friday. The company reported GBX 2.49 EPS for the quarter, Digital Look Earnings reports. CT UK High Income Trust had a return on equity of 10.59% and a net margin of 84.52%.

CT UK High Income Trust Stock Up 0.5%

CT UK High Income Trust stock opened at GBX 117.13 on Friday. The business has a 50-day simple moving average of GBX 108.66 and a two-hundred day simple moving average of GBX 101.85. The company has a market cap of £139.75 million, a P/E ratio of 8.09 and a beta of 0.75. CT UK High Income Trust has a 52-week low of GBX 90.76 and a 52-week high of GBX 118.

About CT UK High Income Trust

CT UK High Income Trust aims to provide shareholders with an attractive level of income alongside the potential for capital growth. The Trust invests predominantly in UK equities. Investment is focused on a portfolio of quality businesses that aim to deliver a high level of growing income over time alongside capital growth for shareholders.

The trust has two classes of share – Ordinary shares and B shares – which pay the same level of quarterly cash distributions. The cash distributions on the Ordinary shares are paid as dividends while those on the B shares are paid by way of capital returns and therefore subject to capital gains tax (CGT) rules which can provide tax benefits to certain types of investors.