Stephen Mitchell Acquires 4,695 Shares of CT UK High Income Trust (LON:CHI) Stock

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

CT UK High Income Trust Stock Performance

Shares of CT UK High Income Trust stock opened at GBX 102 on Friday. 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 cap of £123.89 million, a price-to-earnings ratio of 7.05 and a beta of 0.65. The stock’s 50-day moving average is GBX 115.86 and its 200-day moving average is GBX 111.13. CT UK High Income Trust Plc has a one year low of GBX 85.55 and a one year high of GBX 126.

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.