Potential C-Share Issue

RNS Number : 0491L

Henderson Intl. Income Trust PLC

06 August 2013

 



6 August 2013

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

Potential C-Share Issue

Since the Company's admission to listing on 28 April 2011, it has declared 8.4 pence of dividends and delivered a diluted NAV total return, including dividends, of 25.9 per cent. (undiluted 28.6 per cent.)¹.  Since launch there has been consistent demand from investors for HINT ordinary shares, which has been satisfied by the "tap" issuance of a further 8 million ordinary shares, and net assets now stand at some £58.7 million. Demand for shares has been such that the Company has on occasion exhausted the limits of its ability to issue ordinary shares.

The Board now intends to seek to make a substantial non-dilutive issue of new ordinary shares potentially in the form of a C-share issue, subject to demand and to shareholders' approval. The Board and Manager believe that the potential returns available from the Company's strategy, and the income investment opportunities available around the world, remain compelling. The objectives are therefore to increase the size of the Company's gross assets, to improve the liquidity of the ordinary shares and reduce the fixed costs per ordinary share.

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]

1.   Source: Panmure Gordon

 

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