About us
David has worked for 25 years at the Company's Investment Manager, which became part of Columbia Threadneedle Investments in 2021 and is currently Head of European Equities Research Strategy. David has 27 years' industry experience, the majority of them in managing assets on behalf of a wide variety of clients, including Investment Trusts. Prior to his current role at Columbia Threadneedle Investments, David held the role of Co-Head of Global Equities at BMO Global Asset Management and is currently the lead manager on the CT Select UK Equity Income Fund and the CT (Lux) European Growth & Income Fund.
CT UK High Income Trust aims to provide shareholders with an attractive level of income together with the opportunity 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 for the future 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 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.
Our aims and strategy
The Trust aims to provide an attractive return to shareholders each year in the form of dividends and/or capital repayments, together with prospects for capital growth.
The objective is to achieve a total return in excess of that of the FTSE All-Share Index.
The investment objective aims to maintain a portfolio of approximately 40 holdings at any given time. No single investment in the portfolio exceeds 10% of the Company’s gross assets at the time of purchase. In addition, it is expected that few individual holdings will exceed 5% of the Company’s gross assets at the time of purchase. There are no maximum levels set for exposures to sectors.
The Company has the ability to borrow monies in order to enhance returns for shareholders. The Directors will limit the aggregate borrowings of the Company to 20% of the Company’s gross assets.
As required by the Listing Rules, the Company has a policy to invest no more than 15% of gross assets in other listed investment companies.
Let's talk about risk
The value of your investments and any income from them can go down as well as up and you may not get back the original amount invested. The value of property reflects the opinion of valuers and is reviewed periodically. These assets can also be illiquid and significant or persistent redemptions may require the manager to sell properties at a lower market value adversely affecting the value of your investment. Investments which are concentrated in a specific sector or country may result in less diversification and hence more volatility in investment values. Gearing is used for investment purposes to obtain, increase or reduce exposure to an asset, index or investment. The use of gearing can enhance returns to investors in a rising market, but if the market falls the losses may be greater.
Fund Facts
Investment Manager | Columbia Threadneedle Investment Business Limited |
Benchmark | FTSE All-Share Index |
AIC sector | UK Equity Income |
Launch date | 1 March 2007 |
Total assets | £107.4 million (as at 31.10.2023) |
Currency | Sterling |
ISIN | (Units) GB00B1N4H933 (Ordinary Shares) GB00B1N4G299 (B Shares) GB00B1N4H594 |
SEDOL | (Units) B1N4H93 (Ordinary Shares) B1N4G29 (B Shares) B1N4H59 |
Ticker symbol | CHI (Ordinary shares) CHIB (B shares) CHIU (Unit trust) |
Key Dates
Annual general meeting | July |
Year end | 31 March |
Dividend payment date(s) | August, November, February and May |
Ex-dividend date(s) | July, October, January and April |
Sustainability and ESG
Environmental, Social and Governance (“ESG”) issues are the three central factors in measuring sustainability and can present both opportunities and threats to the long-term investment performance the Company aims to deliver to Shareholders. The Board is therefore committed to taking a responsible approach to ESG matters.
There are two strands to this approach. The Company’s own responsibilities on matters such as governance and the impact it has through the investments that are made on its behalf by its Manager.
Invest now
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Start from £25 a month or one off £100, and there are no charges when you deal using our Investor Portal.
Other ways to invest with us
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