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

CT UK High Income Trust (LON:CHI) announced its quarterly earnings data on Friday. The company reported GBX 4.85 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of GBX 669 million for the quarter. CT UK High Income Trust had a net margin of 128.77% and a return on equity of 13.90%.

CT UK High Income Trust Stock Performance

LON:CHI opened at GBX 114.75 on Friday. CT UK High Income Trust has a 12 month low of GBX 97 and a 12 month high of GBX 126. The company has a debt-to-equity ratio of 12.34, a current ratio of 671.64 and a quick ratio of 1.06. The firm has a market capitalization of £139.37 million, a PE ratio of 7.93 and a beta of 0.44. The business’s fifty day moving average price is GBX 108.19 and its 200 day moving average price is GBX 112.18.

Insider Transactions at CT UK High Income Trust

In other CT UK High Income Trust news, insider Stephen Mitchell purchased 4,695 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was bought at an average cost of GBX 106 per share, with a total value of £4,976.70. 0.20% of the stock is owned by company insiders.

CT UK High Income Trust Company Profile

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.