CT UK HIGH INCOME TRUST PLC - Investor update

CT UK High Income Trust PLC outlines its investment strategy, portfolio positioning and market outlook in this investor presentation, highlighting its focus on delivering an attractive and growing income alongside long-term capital growth. The trust manages a concentrated, high-conviction portfolio of 43 stocks, prioritising high-quality businesses with durable competitive advantages, strong cash generation and the potential to increase dividends over time. The presentation reviews performance, dividend growth and portfolio allocation, including key holdings such as Standard Life, OSB Group, BT, NatWest and WPP. Management discusses opportunities in undervalued UK equities, particularly mid- and small-cap companies, where detailed research and a contrarian investment approach can identify attractive income and capital appreciation potential. The trust’s dividend has grown annually since 2015, with underlying portfolio income covering distributions in FY2025 and FY2026, enabling further additions to revenue reserves. The presentation also examines the UK market’s attractive valuations and high dividend yields relative to other developed markets, alongside economic growth, consumer confidence, housing market pressures and potential government policy changes. With a benchmark-agnostic approach, selective use of gearing and an emphasis on sustainable dividend growth, CT UK High Income Trust PLC aims to provide investors with a compelling combination of reliable income, rising distributions and long-term total returns.