BMO UK High Income Trust : Dividend and Capital Repayment

To: RNS

From: BMO UK High Income Trust PLC

Date: 29 November 2019

LEI: 213800B7D5D7RVZZPV45

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 2020 of 1.29 pence per Ordinary share. This dividend will be paid on 7 February 2020 to Ordinary shareholders on the register on 3 January 2020.

A third quarter capital repayment of 1.29 pence per B share will be paid on 7 February 2020 to B shareholders on the register on 3 January 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 3.2 per cent over the third quarter dividend / capital repayment paid in the prior year.

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

The first three quarterly distributions are each 1.29 pence per share and in the absence of unforeseen circumstances, the Company intends that the aggregate distribution for the financial year to 31 March 2020 will be 5.21 pence per share.

Based on these intended distributions, the dividend yield on an Ordinary share was 5.3 per cent based on the Ordinary share price of 98.0 pence as at 28 November 2019, and the distribution yield on a B share was 5.3 per cent based on the B share price of 98.5 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 4.2 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 5.4 per cent based on a unit price of 385 pence as at 28 November 2019.

Enquiries:

Philip Webster, Fund Manager

BMO Investment Business Limited

Tel: [phone]