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

CT UK High Income Trust (LON:CHIB) released its earnings results on Friday. The company reported GBX 2.49 earnings per share 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 Price Performance

Shares of CHIB stock opened at GBX 115.03 on Friday. The firm’s 50-day simple moving average is GBX 108.27 and its 200-day simple moving average is GBX 101.73. CT UK High Income Trust has a 1-year low of GBX 90.76 and a 1-year high of GBX 118. The firm has a market cap of £137.24 million, a P/E ratio of 7.95 and a beta of 0.75.

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.