Edison Investment Research - Henderson International Income Trust (HINT) Henderson International Income Trust - New growth plans for overseas income specialist

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Edison Investment Research

Sarah Godfrey

Henderson International Income Trust - New growth plans for overseas income specialist

Henderson International Income Trust (HINT) has been proposed as the default rollover vehicle in the forthcoming planned liquidation of the Establishment Investment Trust, further cementing its position as a trust with a commitment to achieving the benefits of scale (its assets have grown sevenfold since launch in 2011). It has also recently locked in â‚¬30m of long-term borrowing with a low interest rate of 2.43%, which may allow the manager, Ben Lofthouse, to be more adventurous with gearing in his search for income and growth from sustainably financed non-UK companies trading at unwarranted discounts. HINTâ€™s NAV has recovered well from the Q418 market sell-off, and the shares currently yield 3.4%.

21/05/2019 11 EN

Underlying

Henderson International Income Trust

Henderson International Income Trust is an investment trust company. Co. has appointed Henderson Investment Funds Limited to act as its Alternative Investment Fund Manager. As of Aug 31 2017, Co. had total investment portfolio of £284.9 million.

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GB00B3PHCS86 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Sarah Godfrey

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Henderson International Income Trust - New growth plans for overseas income specialist

Edison issues update on Henderson International Income Trust (HINT): Buying good companies at attractive valuations

Henderson International Income Trust - Buying good companies at attractive valuations

Henderson International Income Trust - Playing recent events well

Freelancer - AI to drive return to growth

Renewi - Solid trading and better cash generation

Filtronic - Agreement with SpaceX drives upgrades

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