Corporate Action

RNS Number : 5388N

Henderson Intl. Income Trust PLC

01 February 2016

 

HENDERSON INVESTMENT FUNDS LIMITED

HENDERSON INTERNATIONAL INCOME TRUST PLC

1 February 2016

HENDERSON INTERNATIONAL INCOME TRUST PLC

CORPORATE ACTION

The Board of Henderson International Income Trust plc (the Company) is pleased to announce that terms have been agreed in principle for an effective combination with Henderson Global Trust plc (HGL) following a strategic review which has been conducted by HGL. 

The proposed transaction, to be effected by way of a tax efficient liquidation under section 110 of the Insolvency Act of HGL, could more than double the asset base and market capitalisation of the Company. It will be subject to approval by both HINT and HGL shareholders.  A circular to shareholders of the Company convening a general meeting at which enabling resolutions will be put forward is under preparation and will be published as soon as practicable. 

Christopher Jonas, Chairman of the Company, commented: 

"It has long been our ambition to build on the successful performance of HINT by growing the Company through equity issuance.  Since launch in 2011 we have more than doubled the assets of the Company by a combination of good investment performance and share issuance.  We very much welcome the opportunity now to take the Company to the next level by way of this proposed transaction".

Paul Fincham/Robert Naylor Corporate Broker Panmure Gordon Telephone: [phone]

Christopher Jonas Chairman Henderson International Income Trust plc Telephone: [phone]

James de Sausmarez Director and Head of Investment Trusts Henderson Global Investors Telephone: [phone]

 

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