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

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

CT UK High Income Trust Stock Up 2.8%

CHI stock opened at GBX 105.88 on Wednesday. The firm has a market cap of £128.60 million, a price-to-earnings ratio of 7.32 and a beta of 0.65. CT UK High Income Trust Plc has a 1-year low of GBX 85.55 and a 1-year high of GBX 126. The firm has a fifty day moving average price of GBX 116.31 and a two-hundred day moving average price of GBX 111.23. The company has a debt-to-equity ratio of 12.34, a current ratio of 671.64 and a quick ratio of 1.06.

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.