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 €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. HINT’s NAV has recovered well from the Q418 market sell-off, and the shares currently yield 3.4%.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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