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Henderson High Income Trust NAV up 24.5%

By BFN News | 02:51 PM | Tuesday 03 November, 2009

Henderson High Income Trust's net asset value rose 24.5% in the three months to the end of September. The portfolio's gearing reduced over the period principally due to an increase in net asset value as share prices rose but there were also sales of Prodesse and United Utilities. New purchases included Findel and a new convertible issue from British Airways. Gearing decreased from 26% at the end of June to 20% at the end of September.

Story provided by Business Financial Newswire