CT UK High Income Trust (LON:CHI) Insider Acquires £4,976.70 in Stock

CT UK High Income Trust Plc (LON:CHI) insider Stephen Mitchell purchased 4,695 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average price of GBX 106 per share, with a total value of £4,976.70.

CT UK High Income Trust Stock Up 7.0%

Shares of LON:CHI opened at GBX 107 on Friday. The business’s 50 day moving average is GBX 115.67 and its 200 day moving average is GBX 111.17. The stock has a market cap of £129.96 million, a P/E ratio of 7.39 and a beta of 0.65. CT UK High Income Trust Plc has a 52-week low of GBX 85.55 and a 52-week high of GBX 126. The company has a quick ratio of 1.06, a current ratio of 671.64 and a debt-to-equity ratio of 12.34.

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.