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LONDON - CT UK High Income Trust PLC (CHI) has achieved full coverage of its dividend through earnings and has begun rebuilding its revenue reserves, according to a statement released Monday.
The investment companies team at Kepler Trust Intelligence published new research highlighting the trust’s improved financial position. The report indicates that the trust’s dividend is now fully covered by earnings, marking a significant development for the investment vehicle.
Revenue reserves, which serve as a buffer to maintain dividend payments during challenging market conditions, are also being rebuilt, the statement noted.
The research is available for UK investors to read at no cost through the Kepler Trust Intelligence website, which provides investment trust research aimed at long-term investors.
The announcement comes as investment trusts face ongoing scrutiny regarding dividend sustainability and reserve management in the current economic environment.
CT UK High Income Trust PLC is an investment trust focused on generating income from UK equity investments.
This article is based on a press release statement from CT UK High Income Trust PLC.
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