C Share Issue and Change to Management Fee

RNS Number : 5699O

Henderson Intl. Income Trust PLC

23 September 2013

 



23 September 2013

Henderson International Income Trust plc ("HINT" or the "Company")

C Share Issue and Change to Management Fee Arrangements

Further to the Company's announcement of 6 August 2013, the Board is pleased to confirm that, following market soundings, the Company has resolved to seek to make a substantive non-dilutive issue of new ordinary shares in the form of a C share issue. The Board and Manager believe the potential returns available from the Company's strategy, and the income investment opportunities available around the world, are compelling.   The C share issue is scheduled to be marketed and completed by early November 2013.

The Board and Manager believe that the unique nature of HINT, as the only international income investment trust that invests exclusively outside the UK, together with the impact of the implementation of the Retail Distribution Review, will make HINT shares attractive to a much wider retail audience. Accordingly, with effect from 1 November 2013, the performance fee element of the management fee arrangements will be removed and the management fee with effect from that date will be reduced from 0.80% to 0.75% of net assets.

For further information please contact:

Ben Lofthouse

Portfolio Manager

Henderson International Income Trust plc

Telephone: [phone]

James de Sausmarez

Director and Head of Investment Trusts

Henderson Global Investors

Telephone: [phone]

Paul Fincham/Robert Naylor

Panmure Gordon

Telephone: [phone]

 

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