Overview
BMO UK High Income Trust units : BHIU
F&C UK High Income Trust has two classes of share – ordinary shares (formerly FHI / ICTA) and B shares (formerly FHIB / ICTB) – 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 distributions and therefore taxed under capital gains tax (CGT) rules which can provide tax benefits to certain types of investors.
The shares are also traded as units (formerly FHIU / ICTU) – each unit consists of three ordinary shares and one B share.
Research History
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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16 May 2017 2 min read
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
News
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29 May 2020 6 min read
BMO UK High Income reflects on the challenges facing the UK equity income sector
BMO UK High Income (BHI) reported annual results to 31 March 2020, this morning. Performance highlights include: Total distributions increased by 3.4% to 5.21p per share compared to the prior year. Distribution yield of 7.5% on ordinary shares and 7.7% on B shares at 31 March 2020, compared to the yield on the FTSE all-share index […]
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23 May 2019 2 min read
BMO UK High Income revamp yet to pay dividends
BMO UK High Income revamp yet to pay dividends – BMO UK High Income has released results covering the year to the end of March 2019. The NAV total return for the ordinary shares and the B shares was 3.5% compared to the total return of the benchmark of 6.0%. The share price total return for […]
