Title: 242363024.pdf URL Source: https://documentscdn.financialexpress.net/Literature/1581C3D5C26E0D666017CE9790FCE290/242363024.pdf Number of Pages: 4 Markdown Content: # CT UK Capital & Income Investment Trust PLC # As at 30 April 2026 inv.trusts@columbiathreadneedle.com | 0345 600 3030 | ctcapitalandincome.co.uk Page 1 of 4 Fund manager Dominic Younger Manager Commentary UK equities rose in April, with the FTSE All-Share index returning 2.8%. Sentiment was boosted by hopes of easing tensions in the Middle East. In early April, the US and Iran reached a two-week ceasefire, which was later extended into May while peace negotiations continued. Oil prices fell, and equities rallied, but a subsequent lack of progress in peace talks pushed oil prices higher again later in the month and dented sentiment towards risk assets. There were also concerns over political uncertainty amid mounting speculation about a leadership challenge to Prime Minister Keir Starmer. Meanwhile, economic data releases over April stoked fears that the Bank of England might seek to raise interest rates this year. The Trust’s net asset value rose by 3.4% i n April, outperforming the FTSE All-Share, which was up by 2.8%. In contrast to March, the Trust’s lesser exposure to energy compared with the benchmark proved beneficial for relative perfor mance as the sector underperformed on the falling oil price. The Trust also benefited from its holdings in XP Power and Standard Chartered in a stellar month for both stocks. Engineering firm XP Power’s shares rose by 43% over the month. The company revealed a significant rise in order intake relative to Q1 2025, buoye d by data centre driven investment in their core power converter product range. Standard Chartered (20%) benefited from positive sentiment towards banks. Towards the end of the month, the company delivered another robust shareholder update. Operating income for the period rose to an all-time high, driven by ongoing growth in the bank’s wealth solutions and global banking segments. Relative outperformance was offset somewhat by a lack of exposure to other banks like HSBC and Barclays, which were up by 10% and 11% respectively. Other detractors included the holding in Imperial Brands, which was down 8% amid a rotation from more traditionally defensive areas of the market as hopes grew of a resolution in the Strait of Hormuz. Investors also baulked at reported market-share losses in the first half of its financial year as the company sought to optimise the overall value of its sales as opposed to maximising volumes. Nevertheless, management reiterated its full-year guidance and the shares continue to represent a compelling investment proposition. In terms of activity, we started a holding in distributor Bunzl. The shares of the global distribution and outsourcing company have sold off heavily over the past few years amid executional issues in its US business and muted organic growth. However, recent statements indicate that actions taken to address operational missteps are starting to bear fruit, while M&A looks set to recommence after a fallow period. In addition, the firm’s earnings have historically been resi lient against a backdrop of elevated inflation. The purchase of Bunzl was funded by selling down of our residual holding in Burford Capital. We added to our positions in Rio Tinto and NatWest, as part of a broader suite of income enhancement activity. We also added to WPP; in Q1, the company topped the sector’s new business wins league table for the second quarter in a row, which further supporting our investment thesis of a reinvigorated client proposition .Our focus will remain resolutely on long-term ownership and quality stewardship. As patient conviction investors, we will continue to avoid whipsaw short-term trades and concentrate on company fundamentals to target strong risk-adjusted returns for the Trust. Key risks Stock market movements may cause the value of investments and the income from them to fall as well as rise and investors may not get back the amount originally invested. Changes in rates of exchange may have an adverse effect on the value, price or income of investments. If markets fall, gearing can magnify the negative impact on performance. Key facts as at 30.04.2026 Trust aims: To generate long -term capital and income growth from a portfolio consisting mainly of FTSE All -Share companies. Trust highlights: • A recognised “AIC Dividend Hero”, our dividend has increased every year since launch in 1992 and grown at almost twice the rate of inflation. • Investor demand remains robust and the Company’s shares continue to trade close to the underlying Net Asset Value. See page 4 for more information on dividend growth Benchmark: FTS E All -Share Index Fund type: Investment Trust Launch date: 1992 Total assets: £360 million Share price: 341.00p NAV: 357.83p Discount/premium( -/+): -4.70% Dividend payment dates: Mar, Jun, Sep, Dec Net dividend yield †: 3.86% Net gearing/Net cash*: 5.24% Management fee rate**: 0.40% Performance fee: None Ongoing charges**: 0.66% Year end: 30 September Sector: UK Equity Income Currency: Sterling Website: ctcapitalandincome.co.uk **Ongoing charges calculated in accordance with AIC recommendations. Please refer to the latest annual report as to how the fee is structured. Morningstar rating †CT UK Capital & Income Investment Trust PLC inv.trusts@columbiathreadneedle.com | 0345 600 3030 | ctcapitalandincome.co.uk Page 2 of 4 Fund performance as at 30.04.26 Cumulative performance as at 30.04.26 (%) 1 Month YTD 1 Year 3 Years 5 Years NAV 3.44 1.71 10.83 25.45 31.84 Share price 4.60 -0.26 10.29 23.88 27.95 Benchmark 2.77 5.25 25.21 44.74 66.87 Discrete annual performance as at 30.04.26 (%) 2026/25 2025/24 2024/23 2023/22 2022/21 NAV 10.83 3.19 9.69 3.67 1.37 Share price 10.29 3.77 8.25 1.12 2.14 Benchmark 25.21 7.53 7.50 6.04 8.72 Past performance is not a guide to future performance. Source: Thomson Reuters Eikon, Lipper and Columbia Threadneedle Investments. Basis: Percentage growth, total return, bid to bid price with net income reinvested in sterling. The discrete performance table refers to 12 month periods, ending at the da te shown. Trust codes Stock exchange code: CTUK Sedol: 346328 Legal Entity Identifier: 21380052ETTRKV2A6Y19 Top 10 holdings (%) Portfolio Weight Benchmark Weight Difference Sector GSK 5.1 2.7 2.4 Health Care Shell 4.7 6.7 -2.0 Energy Rio Tinto 4.2 2.7 1.5 Basic Materials AstraZeneca 4.1 7.4 -3.3 Health Care Unilever 4.1 3.3 0.8 Consumer Staples Standard Chartered 3.6 1.2 2.4 Financials Imperial Brands 3.3 0.7 2.6 Consumer Staples LondonMetric Property 2.9 0.2 2.7 Real Estate Natwest Group 2.8 1.7 1.1 Financials OSB Group 2.8 0.1 2.7 Financials > -10 > 0 > 10 > 20 > 30 > 40 > 50 > 60 > 70 > 80 > 1 Month YTD 1 Year 3 Years 5 Years > % NAV Share Price Benchmark CT UK Capital & Income Investment Trust PLC # To find out more visit columbiathreadneedle.com All information is sourced from Columbia Threadneedle Investments, unless otherwise stated. All percentages are based on gross assets. †The yield is calculat ed on an historic basis using the actual dividends paid during the last twelve months and the closing share price as at the end of the relevant month. *Net gearing is total assets less cash and cash equivalents divided by shareholders’ funds and expressed as a percentage. Net cash is net exposure to cash and cash equivalents expressed as a perce ntage of shareholders funds after any offset against gearing. **Please refer to the latest annual report as to how the fee is structured. The share price may either be below (at a discount) or above (at a premium) the NAV. Discounts and premiums vary continuously. Performance information exclude s any product charges which can be found in the Key Investor Document (“KID”) for the relevant product. © 202 6 Columbia Threadneedle Investments. Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies. This financial promotion is issued for marketing and information purposes only by Columbia Threadneedle Investments in the UK. CT UK Capital & Income Investment Trust PLC is an investment trust and its Ordinary Shares are traded on the main market of the London Stock Exchange. English language copies of the key information document (KID) can be obtained from Columbia Threadneedle Investments, Cannon Place, 78 Cannon Street, London EC4N 6A. Email: inv.trusts@columbiathreadneedle.com or electronically at www.columbiathreadneedle.com. Please read before taking any investment decision. The information provided in the marketing material does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell or otherwise transact in the fund. The manager has the right to terminate the arrangements made for marketing. The mention of any specific shares or bonds should not be taken as a recommendation to deal. FTSE International Limited (“FTSE”) © FTSE 202 6. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent. Financial promotions are issued for marketing and information purposes; in the United Kingdom by Columbia Threadneedle Management Limited, which is authorised and regulated by the Financial Conduct Authority; in the EEA by Columbia Threadneedle Netherlands B.V., which is regulated by the Dutch Authority for the Financial Markets (AFM); and In Switzerland: Issued by Threadneedle Portfolio Services A.G, acting as representative office of Columbia Threadneedle Management Limited. In the Middle East: This document is distributed by Columbia Threadneedle Investments (ME) Limited, which is regulated by the Dubai Financial Services Authority (DFSA). For Distributors: This document is intended to provide distributors with information about Group products and services and is not for further distribution. For Institutional Clients: The information in this document is not intended as financial advice and is only intended for persons with appropriate investment knowledge and who meet the regulatory criteria to be classified as a Professional Client or Market Counterparties and no other Person should act upon it. > † © 2026 Morningstar. All Rights Reserved. Ratings are latest available at time of publication and may be lagged 1 month. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For more detailed information about Morningstar Rating, including its methodology, please click here. inv.trusts@columbiathreadneedle.com | 0345 600 3030 | ctcapitalandincome.co.uk Page 3 of 4 Sector breakdown (%) Net Dividend distributions pence per share 2021 2022 2023 2024 2025 2026 March 2.65 2.65 2.75 2.85 2.95 3.10 June 2.60 2.65 2.75 2.85 2.95 September 2.60 2.65 2.75 2.85 2.95 December 3.75 3.85 3.90 3.95 4.15 Total 11.60 11.80 12.15 12.50 13.00 Glossary Bid price Investment trust shares are sold via the stock exchange at the bid price. This price is determined by supply and demand. Dividend Income paid to shareholders by the company they invest in. Net asset value A key measure of the value of a company or trust – the total value of assets less liabilities, divided by the number of shares. ◼ Financials 21.2% ◼ Industrials 16.3% ◼ Consumer Staples 16.1% ◼ Health Care 11.2% ◼ Consumer Discretionary 9.4% ◼ Basic Materials 7.5% ◼ Real Estate 5.8% ◼ Utilities 5.5% ◼ Energy 4.7% ◼ Telecommunications 2.3% CT UK Capital & Income Investment Trust PLC inv.trusts@columbiathreadneedle.com | 0345 600 3030 | ctcapitalandincome.co.uk Page 4 of 4 CT UK Capital and Income Investment Trust seeks to achieve its objective of long -term capital and income growth by investing in companies with good long -term prospects which may not be fully reflected in their share prices; many of its stocks have a higher than average dividend yield. While the majority of ho ldings are in large and mid -cap UK companies, the Trust also invests in some smaller companies. The Trus t has built up an impressive record of paying dividends. In every year since the Trust’s launch in 1992, it has succeeded in increasing the dividend paid to investors. Since 1998, the Trust has beaten the average dividend paid by the broad UK stock market (as represented by the FTSE All -Share Index). It has also significantly outpaced the rate of inflation as measured by the CPI (Consumer Price Index). Maintaining a diversified portfolio helps reduce risk and improves reliability. The fund manager has the f lexibility to invest internationally to help secure superior dividends at the right price. The fund manager’s approach allows the Trust to achieve long -term growth in both income and capital. With dividends paid four times a year, the Trust is a great opt ion for investors looking for a regular income. For investors with a longer -term horizon, taking the option to reinvest the dividends could be a highly effective way of increasing the total return from their investment. All in all this Trust is an effectiv e solution for investors who want long -term capital and income growth. Past performance is not a guide to future results. The value of investments can go down as well as up and you may not get bac k the full amount that you invested. A growing dividend that historically has beaten the stock market and inflation > 0 > 50 > 100 > 150 > 200 > 250 > 300 > 350 > 400 > Q3 1993 > Q3 1994 > Q3 1995 > Q3 1996 > Q3 1997 > Q3 1998 > Q3 1999 > Q3 2000 > Q3 2001 > Q3 2002 > Q3 2003 > Q3 2004 > Q3 2005 > Q3 2006 > Q3 2007 > Q3 2008 > Q3 2009 > Q3 2010 > Q3 2011 > Q3 2012 > Q3 2013 > Q3 2014 > Q3 2015 > Q3 2016 > Q3 2017 > Q3 2018 > Q3 2019 > Q3 2020 > Q3 2021 > Q3 2022 > Q3 2023 > Q3 2024 > Rebased to 100 at 30 September 1993* A growing dividend that historically has beaten the stock market and inflation > 0 > 50 > 100 > 150 > 200 > 250 > 300 > 350 > 400 > Q3 1993 > Q3 1994 > Q3 1995 > Q3 1996 > Q3 1997 > Q3 1998 > Q3 1999 > Q3 2000 > Q3 2001 > Q3 2002 > Q3 2003 > Q3 2004 > Q3 2005 > Q3 2006 > Q3 2007 > Q3 2008 > Q3 2009 > Q3 2010 > Q3 2011 > Q3 2012 > Q3 2013 > Q3 2014 > Q3 2015 > Q3 2016 > Q3 2017 > Q3 2018 > Q3 2019 > Q3 2020 > Q3 2021 > Q3 2022 > Q3 2023 > Q3 2024 > Rebased to 100 at 30 September 1993* * All three data series have been rebased to 100 as at 30 September 1993, the end of the Columbia Threadneedle Investments Ca pital and Income’s first year, to allow direct comparison. ◼ CT UK Capital and Income Investment Trust dividend FTSE All -Share implied dividend UK CPI