The trust formerly called CT UK Capital and Income Investment Trust began trading as CT Progressive Income on 19 October 2026, keeping its CTUK (LSE:CTUK) ticker. The board says the new name better reflects its focus on growing income alongside capital growth.

What happened

The change took effect on 16 October, under the company's articles of association, and shares began trading under the new name at 8.00am on 19 October on the London Stock Exchange. The announcement made clear this was a change of label only: the investment objective and policy stay as they were, with Dominic Younger of Columbia Threadneedle Investments remaining as fund manager. (LSE:CTUK)

The stock identifiers are also unchanged. The ticker remains CTUK (LSE:CTUK), the ISIN GB0003463287 and the SEDOL 0346328. Shareholders need take no action, and existing share certificates remain valid. The company's website moved to ctprogressiveincome.co.uk.

Since the change, the list of announcements shows routine items only: daily net asset value notices and transactions in own shares, the most recent of which was dated 30 October in the list retrieved.

Why it matters for investors

CTUK is a UK Equity investment trust, investing primarily in UK-listed companies, and it is a FTSE All-Share constituent on the Hargreaves Lansdown list used for this report.

The substance sits in the Dividend commitment that accompanied the rename. The trust has raised its dividend each year since its launch in 1992, and the Association of Investment Companies recognises it as a Dividend Hero. The board says it intends to keep raising the total annual Dividend per share each year, and is targeting an increase above UK CPI measured at 30 September each year.

Analysis: that Inflation link is the most concrete part of the statement. A promise to beat CPI is a higher bar than simply extending a run of increases, particularly in years when inflation is elevated. The wording is a stated intention and target, not a guarantee, and it leaves the actual payout to be set by the board each year. The announcement itself does not quantify the current dividend or CPI figure.

Chair Nicky McCabe explained the choice by saying "Progressive Income" denotes an income stream the company aims to grow over time. "Capital" has gone from the name, but the objective continues to seek Long-term Growth in both capital and income, so nothing in the mandate has been given up.

How the shares have performed

A current share price, NAV, discount and total return were not retrieved for this report, and the daily NAV notices were not opened. No figures are therefore quoted, and readers should consult a live quote for pricing.

The transactions in own shares on 22 and 30 October show the company has been dealing in its own stock. The quantities were not reviewed, so the scale cannot be stated. A research note by Kepler Trust Intelligence was also listed on 30 September, in the non-regulatory section; it was not reviewed.

What to watch next

The first test of the new wording is the next annual dividend decision. Because the CPI benchmark is taken at 30 September, the figure for this year's comparison will already be fixed, which should make it straightforward to check against whatever the board announces.

Shareholders can also look at whether the rename brings any change to Marketing or to Demand for the shares, as measured by the discount and any continuing buybacks. The announcement did not suggest that any further corporate changes were planned.