CT UK High Income Trust Plc (LSE:CHI) commences share repurchases on August 25, 2023, under the program mandated by the shareholders in its Annual General Meeting held on July 20, 2023. As per the mandate, the company is authorized to repurchase up to 12,752,300 ordinary shares and 4,603,200 B shares, representing 14.99% of each of ordinary Shares and B shares. The share repurchase program will expire at the earliest of the conclusion of the next Annual General Meeting of the company in 2024 or on September 30, 2024, unless previously renewed, varied or revoked by the company in a General Meeting.

As on July 20, 2023, the company had 85,072,653 ordinary shares and 30,708,750 Class B shares in issue and had 16,994,491 ordinary shares and 1,367,953 Class B shares in treasury.