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

Key Points

  • Stephen Mitchell bought 4,695 shares on March 24 at an average of GBX 106 per share, a total transaction of £4,976.70.
  • The stock opened at GBX 105.88 and was trading up 2.8%; the company has a market cap of about £128.6m and a P/E of 7.32.
  • Ordinary and B shares both pay the same quarterly distributions, but Ordinary shares are paid as dividends while B shares are paid as capital returns, affecting tax treatment.

CT UK High Income Trust Plc (LON:CHI - Get Free Report) insider Stephen Mitchell bought 4,695 shares of the company's stock in a transaction dated Tuesday, March 24th. The shares were acquired at an average cost of GBX 106 per share, for a total transaction of £4,976.70.

CT UK High Income Trust Trading Up 2.8%

Shares of CHI opened at GBX 105.88 on Thursday. The company has a market capitalization of £128.60 million, a P/E ratio of 7.32 and a beta of 0.65. CT UK High Income Trust Plc has a one year low of GBX 85.55 and a one year high of GBX 126. The company has a debt-to-equity ratio of 12.34, a quick ratio of 1.06 and a current ratio of 671.64. The stock has a 50-day moving average price of GBX 116.14 and a 200 day moving average price of GBX 111.19.

About CT UK High Income Trust

(Get Free Report)

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.

Further Reading

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