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

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

CT UK High Income Trust Stock Performance

CHI opened at GBX 112.50 on Friday. The business’s 50 day moving average is GBX 108.18 and its 200-day moving average is GBX 112.17. The stock has a market cap of £136.64 million, a PE ratio of 7.77 and a beta of 0.44. The company has a current ratio of 671.64, a quick ratio of 1.06 and a debt-to-equity ratio of 12.34. CT UK High Income Trust has a twelve month low of GBX 97 and a twelve month high of GBX 126.

Insider Activity

In related news, insider Stephen Mitchell acquired 4,695 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was acquired at an average cost of GBX 106 per share, for a total transaction 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.