Investors Capital Trust : Dividend and Capital Repayment

To: RNS

From: F&C UK High Income Trust plc

Date: 2 February 2017

Dividend and Capital Repayment

The Board of F&C UK High Income Trust plc announces a fourth quarter dividend of 1.21 pence per share on the A shares of the Company. This dividend will be paid on 5 May 2017 to A shareholders on the register on 7 April 2017. A fourth quarter capital repayment of 1.21 pence per share will be paid on the B shares of the Company on 5 May 2017 to B shareholders on the register on 7 April 2017. Capital repayments on B shares are paid at the same time and in an amount equal to each dividend paid on an A share.

This represents an increase of 2.5 per cent over the fourth quarter dividend / capital repayment paid in the prior year. For the financial year to 31 March 2017, total dividends / capital repayments have increased by 2.6% to 4.72 pence per share (Financial year to 31 March 2016: 4.60 pence per share).

Based on these distributions, the dividend yield on an A share was 4.8 per cent based on the A share price of 98 pence as at 1 February 2017, and the distribution yield on a B share was 4.8 per cent based on the B share price of 98 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 3.5 per cent at the same date. For those shareholders that hold units (each comprising three A shares and one B share) the distribution yield on this unit holding was 4.8 per cent based on a unit price of 392.5 pence as at 1 February 2017.

Enquiries:

Rodger McNair, Fund Manager

F&C Investment Business Limited

Tel: [phone]