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Philip Webster

Director, Portfolio Manager, European Equities

 

Published on 05/03/2021

 

Any investment involves risk as market conditions and trends fluctuate. Accordingly, investment values may fall as well as rise and investors may receive back less than originally invested.

BMO UK High Income Trust plc

 

BMO UK High Income Trust PLC aims to provide shareholders with an attractive level of income together with the opportunity for capital growth.

 

The Trust invests predominantly in UK equities and equity-related securities of companies across the market capitalisation spectrum.

 

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 distributions and therefore taxed under capital gains tax (CGT) rules which can provide tax benefits to certain types of investors. The net asset value attributable to each class of shares is the same.

 

The shares may also be traded as units. Each unit consists of three Ordinary shares and one B share.