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BMO UK High Income Trust Units (Compr 3 Shs 0.1P&1 B Shr 0.1P) (BHIU)
Today's Low & High
308.00 / 316.00
Open / Previous Close
316.00 / 316.00
BMO UK High Income Trust Units (Compr 3 Shs 0.1P&1 B Shr 0.1P) - Overview
Objective is to provide capital returns and growth on a portfolio managed in two parts. The first part comprises investments in UK equities and equity related securities of large and mid-sized companies (80%); the second part comprises investments in fixed interest and other higher yielding stocks and securities (20%)
The capital structure of the company is divided between A shares (ICTA), B shares (ICTB) and Units (ICTU). Only A shares are entitled to dividends paid by the Company. B shares, instead of receiving dividends, receive a capital return at the same time as, and in an amount equal to, each dividend paid on the A shares. For certain shareholders, there may be tax or other advantages in receiving a capital return rather than a dividend. Each Unit comprises three A shares and one B share.