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

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

CT UK High Income Trust Trading Up 0.5%

CHIB stock opened at GBX 117.13 on Friday. The firm has a 50 day moving average of GBX 108.66 and a 200-day moving average of GBX 101.86. The company has a market cap of £139.75 million, a price-to-earnings ratio of 8.09 and a beta of 0.75. CT UK High Income Trust has a 12-month low of GBX 90.76 and a 12-month 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.