Overview
Henderson High Income invests in a prudently diversified selection of both well-known and smaller companies to provide investors with a high dividend income stream while also maintaining the prospect of capital growth.
In normal circumstances the company will invest up to 80% of its gross assets in equities and up to 20% of its gross assets in fixed income (in companies of any size that are either listed in, registered in, or whose principal business is in the UK). Within these limits a maximum of 30% of gross assets may be invested outside of the UK.
The fund manager’s website can be found here
Fundamentals
Price
Research History
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06 Dec 2024 1 min read
Interview with David Smith from Henderson High Income
In this week’s show, James Carthew spoke to David Smith from Henderson High Income. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email Aiman. Additionally, if you would prefer to watch […]
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18 Sep 2024 22 min read
Henderson High Income – London’s finally calling
London’s finally calling Henderson High Income (HHI) may represent one of the better opportunities for income investors to capitalise on the resurgence of the UK market. Thanks, in part, to its historically wide 8.7% discount and enticing 6.3% yield, but also given that its long-term NAV returns have consistently outperformed not only the broader UK […]
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21 min read
Henderson High Income – London’s finally calling
London’s finally calling Henderson High Income (HHI) could offer an opportunity for income investors to capitalise on what its manager believes is the resurgence of the UK market. There is also a potential kicker from a narrowing of its historically wide 8.7% discount and, in the meantime, it has a 6.3% yield. Investors may also […]
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23 min read
Henderson High Income – London’s finally calling
London’s finally calling Henderson High Income (HHI) may represent one of the better opportunities for income investors to capitalise on the resurgence of the UK market. Thanks, in part, to its historically wide 8.7% share price discount to net asset value (NAV) and enticing 6.3% dividend yield, but also given that its long-term NAV returns […]
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14 Dec 2023 16 min read
Henderson High Income – Improving outlook on a double discount
Henderson High Income Investment companies | Update | 14 December 2023 Improving outlook on a double discount Henderson High Income (HHI) has recently announced that Henderson Diversified Income will be merged into it, subject to shareholder approval, which will add advantages of scale to HHI in the coming months. For the new HHI shareholders, the […]
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17 min read
Henderson High Income – Improving outlook on a double discount
Henderson High Income Investment companies | Update | 14 December 2023 Improving outlook on a double discount Henderson High Income (HHI) has recently announced that Henderson Diversified Income will be merged into it, subject to shareholder approval, which will add advantages of scale to HHI in the coming months, such as enhanced liquidity and the […]
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16 min read
Henderson High Income – Improving outlook on a double discount
Henderson High Income Investment companies | Update | 14 December 2023 Improving outlook on a double discount Henderson High Income (HHI) has recently announced that Henderson Diversified Income will be merged into it, subject to shareholder approval, which would add advantages of scale to HHI in the coming months. HHI’s manager David Smith believes that […]
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04 Oct 2023 6 min read
Henderson High Income / Henderson Diversified Income – Merger terms agreed
Henderson High Income / Henderson Diversified Income Investment companies | Flash note | 4 October 2023 Merger terms agreed Henderson Diversified Income (HDIV) has agreed heads of terms for a combination with Henderson High Income (HHI). As part of the deal, shareholders in HDIV will have the option to take cash for all or part […]
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6 min read
Henderson High Income / Henderson Diversified Income – Merger terms agreed
Henderson High Income / Henderson Diversified Income Investment companies | Flash note | 4 October 2023 Merger terms agreed Henderson Diversified Income (HDIV) has agreed heads of terms for a combination with Henderson High Income (HHI). As part of the deal, shareholders in HDIV will have the option to take cash for all or part […]
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07 Sep 2023 21 min read
Henderson High Income – There’s value in value
Henderson High Income Investment companies | Annual Overview | 6 September 2023 There’s value in value Thanks to its combination of both high-yielding stocks and debt, Henderson High Income (HHI) gives its manager, David Smith, the toolkit he needs to navigate the higher inflationary environment that has dictated the fortunes of the UK stock market. […]
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21 min read
Henderson High Income – There’s value in value
Henderson High Income Investment companies | Annual Overview | 6 September 2023 There’s value in value Thanks to its combination of both high-yielding stocks and debt, Henderson High Income (HHI) gives its manager, David Smith, more capacity to adapt to the higher inflationary environment that has dictated the fortunes of the UK stock market. David […]
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22 min read
Henderson High Income – There’s value in value
Henderson High Income Investment companies | Annual Overview | 6 September 2023 There’s value in value Thanks to the combination of both high-yielding stocks and debt within its portfolio, Henderson High Income (HHI) gives its manager, David Smith, the toolkit he needs to navigate the higher inflationary environment that has dictated the fortunes of the […]
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14 Jul 2023 1 min read
Interview with David Smith from Henderson High Income
In this week’s show, James Carthew spoke to David Smith from Henderson High Icome. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news, click here. If there is a guest speaker you’d particularly like to hear from, please email us on [email protected]. Additionally, if you would prefer […]
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06 Apr 2023 82 min read
QuotedData’s Economic and Political Monthly Roundup April 2023
Economic and Political Monthly Roundup Investment companies | Monthly | April 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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21 Dec 2022 16 min read
Henderson High Income – Does what it says on the tin
Henderson High Income Investment companies | Update | 21 December 2022 Does what it says on the tin Whilst 2022 has been a harrowing year for many trusts, Henderson High Income Trust (HHI) has generated a positive 12-month NAV return and still offers an attractive dividend yield, one of the highest amongst its peers (see […]
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15 min read
Henderson High Income – Does what it says on the tin
Henderson High Income Investment companies | Update | 21 December 2022 Does what it says on the tin Whilst 2022 has been a harrowing year for many trusts, Henderson High Income Trust (HHI) has generated a positive 12-month NAV return and still offers a yield that ranks as one of the highest amongst its peers. […]
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16 min read
Henderson High Income – Does what it says on the tin
Henderson High Income Investment companies | Update | 21 December 2022 Does what it says on the tin Whilst 2022 has been a harrowing year for many trusts, Henderson High Income Trust (HHI) has generated a positive 12-month NAV return and still offers an attractive yield, one of the highest amongst its peers. Manager David […]
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06 Oct 2022 111 min read
QuotedData’s Economic and Political Monthly Roundup October 2022
Economic and Political Monthly Roundup Investment companies | Monthly | October 2022 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to […]
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12 Aug 2022 1 min read
Interview with David Smith of Henderson High Income
In this week’s show, James Carthew talked to David Smith of Henderson High Income. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news, click here. If there is a guest speaker you’d particularly like to hear from, please email us. Additionally, if you would prefer to watch […]
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26 Apr 2022 19 min read
Henderson High Income – Last man standing
Last man standing Henderson High Income (HHI) appears to have enjoyed something of a UK revival for a year now, boosted by the pandemic recovery and a game of catch-up among dividend-paying companies, which manager David Smith believes still have further to go. Concerns around inflation, and now the Russo-Ukrainian conflict, linger – but the […]
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19 min read
Henderson High Income – Last man standing
Last man standing Henderson High Income (HHI) has enjoyed something of a UK revival for a year now, boosted by a recovery from the pandemic and a game of catch-up among dividend-paying companies, which manager David Smith says still have further to go. Concerns around inflation, and now the Russo-Ukrainian conflict, linger – but the […]
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19 min read
Henderson High Income – Last man standing
Last man standing Henderson High Income (HHI) has enjoyed something of a UK revival for a year now, boosted by the pandemic recovery and a game of catch-up among dividend-paying companies, which manager David Smith says still have further to go. Concerns around inflation, and now the Russo-Ukrainian conflict, linger – but the trust’s focus […]
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27 Aug 2021 1 min read
Interview with David Smith from Henderson High Income Trust
In this week’s show, Jayna Rana talked to David Smith from Henderson High Income Trust Watch it again here. If you were looking for QuotedData’s roundup of the week’s news, this is now in the news section – just click here. If there is a guest speaker you’d particularly like to hear from, please email us – […]
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25 Aug 2021 12 min read
Henderson High Income – A taste of more to come
A taste of more to come The UK market has been making somewhat of a comeback since the start of 2021, after years of uncertainty, volatility and being outright unloved. Henderson High Income (HHI) has been a beneficiary of the recovery in the UK’s fortunes, outperforming its benchmark and putting its NAV ahead of comparable […]
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12 min read
Henderson High Income – A taste of more to come?
A taste of more to come? The UK market has been making somewhat of a comeback since the start of 2021, after years of uncertainty, volatility and being outright unloved. Henderson High Income (HHI) appears to have been a beneficiary of the recovery in the UK’s fortunes, outperforming its benchmark and putting its NAV ahead […]
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13 min read
Henderson High Income – A taste of more to come
A taste of more to come The UK market has been making somewhat of a comeback since the start of 2021, after years of uncertainty, volatility and being outright unloved. Henderson High Income (HHI) has been a beneficiary of the recovery in the UK’s fortunes, outperforming its performance benchmark and putting its NAV ahead of […]
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04 Dec 2020 15 min read
Henderson High Income Trust – Robust high yield
Robust high yield Henderson High Income’s (HHI‘s) dividend income proved relatively resilient in the face of COVID-19. Its manager says that it will likely dip into its revenue reserves to maintain its dividend this year and perhaps next, but having avoided the worst of the crisis, HHI manager David Smith sees little danger of these […]
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16 min read
Henderson High Income Trust – Robust high yield
Robust high yield Henderson High Income’s (HHI‘s) dividend income proved relatively resilient in the face of the COVID-19 pandemic. Because of the widespread dividend cuts that afflicted the UK market, HHI will likely dip into its revenue reserves to maintain its dividend this year and perhaps next. However, having avoided the worst of the crisis, […]
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15 min read
Henderson High Income Trust – Robust high yield
Robust high yield Henderson High Income’s (HHI‘s) dividend income proved relatively resilient in the face of COVID-19. It will likely dip into its revenue reserves to maintain its dividend this year and perhaps next, but having avoided the worst of the crisis, HHI manager David Smith sees little danger of these being exhausted. HHI is […]
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16 Oct 2020 11 min read
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research Guide The legal bit Stubborn resistance The end […]
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09 Oct 2020 7 min read
QuotedData’s Economic Roundup – October 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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20 May 2020 11 min read
Henderson High Income Trust – Able to commit to the dividend
Able to commit to the dividend Recent market falls have left Henderson High Income Trust (HHI) trading on a 7.3% yield. This is a significant premium to the yield on the UK market, which has been hit by a swathe of dividend cuts. The board are well aware of the reliance that many investors have […]
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11 min read
Henderson High Income Trust – Able to commit to the dividend
Able to commit to the dividend Recent market falls have left Henderson High Income Trust (HHI) trading on a 7.3% dividend yield. This is a significant premium to the yield on the UK market, which has been hit by a swathe of dividend cuts. The board are well aware of the reliance that many investors […]
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24 Jan 2020 20 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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26 Nov 2019 17 min read
Henderson High Income – The trust that delivers
The trust that delivers Henderson High Income Trust (HHI) launched in November 1989, with an objective of generating a high income from a portfolio consisting primarily of UK equities complemented by a modest weighting in fixed interest investments to enhance income. Investors might have been forgiven for thinking that the second half of the objective, […]
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17 min read
Henderson High Income – The trust that delivers
The trust that delivers Henderson High Income Trust (HHI) launched in November 1989, with an objective of generating a high income from a portfolio consisting primarily of UK equities complemented by a modest weighting in fixed interest investments that have been used to enhance income. Investors might have been forgiven for thinking that the second […]
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07 Aug 2019 5 min read
QuotedData’s economic roundup – August 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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15 Aug 2018 1 min read
QuotedData’s Economic round up – August 2018
QuotedData’s Economic round up – August 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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25 Apr 2018 1 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
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13 Mar 2018 1 min read
QuotedData’s Economic round up – March 2018
QuotedData’s economic round up – March 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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07 Feb 2018 2 min read
QuotedData investment companies roundup – February 2018
QuotedData investment companies roundup – February 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2018. Kindly sponsored by Baillie Gifford. The oil price was up again over the month and this helped propel […]
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18 Jan 2018 1 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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14 Sep 2017 2 min read
QuotedData’s economic round up – September 2017
QuotedData’s economic round up – September 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to […]
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12 Jul 2017 2 min read
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
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10 Apr 2017 1 min read
QuotedData’s round up of views on the global economy – April 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
News
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27 Mar 2025 3 min read
Asset allocation and strong fixed income returns boost Henderson High Income
Henderson High Income’s results for 2024 show an NAV return of 9.4% and share price return of 10.8%, both ahead of the company’s benchmark (80% of the FTSE All-Share Index (total return) and 20% of the ICE BofA Sterling Non-Gilts Index) which returned 7.9%. The dividend rose from 10.35p to 10.60p (making it 12 years […]
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26 Mar 2025 1 min read
Henderson High Income chips away at management fee
Henderson High Income Trust (HHI) has announced a reduction in its management fee, effective from 1 January 2025. The trust’s board and manager have agreed to revise the existing fee structure in a move that should be welcomed by shareholders. Under the new terms, HHI will pay a flat management fee of 0.45% per annum […]
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30 Oct 2024 1 min read
QuotedData’s morning briefing 30 October 2024 – NBPE, HHI, OIG, UKW
In QuotedData’s morning briefing 30 October 2024: NBPE announced that the company will request the admission to and trading of the 2024 zero dividend preference shares be cancelled. The cancellation will follow the redemption of the 2024 zero dividend preference shares, with effect from 12:00 pm on 30 October 2024. As previously announced, the maturity […]
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27 Sep 2024 3 min read
Henderson High Income NAV beats benchmark in first half
Henderson High Income (HHI) has published its interim results for the half-year ended 30 June 2024, during which it provided an NAV total return of 6.5%, outperforming its benchmark, which returned 5.9%, although the share price total return was less at 3.4% reflecting a widening of the discount. The NAV outperformance was achieved during a […]
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31 May 2024 4 min read
Dividend royalty: Our top 4 income payers to beat inflation and optimise returns
This week’s QD view looks at four investment companies that offer attractive dividend yields Inflation has become a painful reality for many, impacting everything from rent and mortgages to groceries. This ongoing cost-of-living crisis underscores the importance of making your money work harder for you, particularly for those who rely on their investments for income. […]
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28 Mar 2024 2 min read
Newly enlarged Henderson High Income beats benchmark over 2023
Henderson High Income says its NAV total return for 2023 was +9.8% compared with the benchmark return of +8.1%, an outperformance of +1.7%. Unfortunately, the emergence of a discount meant that the share price total return was +0.9%, with the share price ending the year at a discount to NAV of 7.7% having started 2023 […]
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10 Jan 2024 1 min read
Sizeable proportion of Henderson Diversified shareholders opt for HHI shares
Given the choice between cash and shares in Henderson High Income, it was good to see that a sizeable proportion of Henderson Diversified Income shareholders opted to roll over their holding into Henderson High Income. The elections in connection with the scheme were: Rollover option: 100,050,505 shares Cash option: 82,022,212 shares On a temporary basis, […]
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09 Jan 2024 1 min read
QuotedData’s morning briefing 9 January 2024 – UTG, CREI, HHI, HDIV
In QuotedData’s morning briefing for 9 January 2024: Unite Group (UTG) has released fourth quarter 2023 valuation information on its student accommodation portfolio. The group’s USAF property portfolio (27,922 beds in 71 properties across 19 university towns and cities in the UK) was independently valued at £2,992m at 31 December 2023, a 2.1% increase on […]
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19 Dec 2023 1 min read
Introduction to Henderson High Income Trust
In this video, Henderson High Income Trust (HHI) portfolio manager, David Smith, introduces the trust, explains what’s unique about its strategy and discusses the trust’s track record.
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06 Oct 2023 1 min read
QuotedData’s weekly news update 6th October 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Henderson High Income / Henderson Diversified Income (0:40) • Pershing Square (7:16) • Octopus Renewables (10:00) Andrew McHattie spoke about Regional REIT and Digital […]
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04 Oct 2023 3 min read
Merger proposal of Henderson High Income Trust and Henderson Diversified Income Trust
Henderson High Income Trust (HHI) and Henderson Diversified Income Trust ( HDIV) have announced a proposal to combine the two companies. The combination, if approved by each company’s shareholders, will be effected by way of a scheme of reconstruction and winding up of HDIV under section 110 of the Insolvency Act 1986 and the associated […]
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13 Sep 2023 4 min read
Henderson High Income outperforms in first half of 2023
Henderson High Income (HHI) has published its interim results for the six months ended 30 June 2023 and, against what was a volatile period for financial markets, the trust provided a net asset value total return of 3.0%, outperforming its benchmark, which returned of 1.9%. HHI’s share price total return of 2.0% was marginally ahead […]
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07 Jul 2023 7 min read
QD view – Divining higher income in an inflationary environment
As I write this, the outlook for the UK equity market looks particularly depressed. As I discussed in my QD view “Bargain Britain” two weeks ago (click here to read), inflation in the UK has remained stubbornly high, which was somewhat of a surprise to many commentators who had expected to see signs of this […]
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16 Dec 2022 5 min read
QD view – The inflation trade – an early Christmas present?
2022 has been a tough old year, with investors being visited by their own kind of Ghost of Christmas Past. One whose name is inflation, a long-forgotten spectre. 2022 has seen, for some countries, a truly parabolic growth rate of inflation. While pundits had predicted that the post-COVID rebound in activity would be a possible […]
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21 Sep 2022 2 min read
QuotedData’s morning briefing 21 September 2022
In QuotedData’s morning briefing 21 September 2022: Henderson High Income (HHI) produced returns in line with its benchmark (80% All-Share Index/20% ICE BofAML Sterling Non-Gilts Index) over the six months ended 30 June 2022, both returning -6.1%. It helped that UK equities beat bonds over the period as the trust began the year with an […]
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09 Sep 2022 3 min read
QD view – Here comes the rain again
It is not that long ago that COVID-19 posed a significant threat to UK equity income funds, as a swathe of companies – notably the banks – cut or passed their dividends altogether. However, investment companies, with their ability to salt away revenue reserves in the good times, were generally much better able to withstand […]
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01 Apr 2022 6 min read
Henderson High Income strong out performance helped by equities overweight
Henderson High Income (HHI) has announced its annual results for the year ended 31 December 2021, during which it provided NAV and share price total returns of 19.8% and 27.9% respectively, exceeding the total return of its benchmark (a composite that is 80% All-Share and 20% the ICE BofAML Sterling Non-Gilts Index rebalanced annually), which […]
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14 Sep 2021 2 min read
QuotedData’s morning briefing 14 September 2021
In QuotedData’s morning briefing 14 September 2021: Henderson High Income, managed by David Smith (pictured), made a great start to 2021 outperforming its benchmark by 3.9% to produce an NAV return of 12.3% for the six months ended 30 June. Shareholders did much better than that though as the discount was eliminated, providing a return […]
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27 Aug 2021 1 min read
QuotedData’s weekly news show 27 August 2021
QuotedData’s weekly news show 27 August 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Jayna Rana covered the week’s top stories: Greencoat Renewables Shaftesbury Watch it again here This week’s interview was with David Smith from Henderson High Income – […]
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2 min read
QD view – UK glass half-full?
With market volatility appearing to have subsided recently and its Covid-19 vaccination programme being one of the most successful (more than 75% of adults are now fully vaccinated), the outlook for the UK’s recovery is looking brighter by the day. After years of being unloved and significant underperformance, the first half of 2021 has seen […]
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01 Apr 2021 3 min read
Henderson High Income held back by gearing
Henderson High Income held back by gearing – Henderson High Income Trust reported results for the year ended 31 December 2020 yesterday. In a difficult year, the trust generated a return on NAV of -11.4% and a widening discount meant that the return to shareholders was -17.6%. These returns compare to a figure of -6.3% for […]
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11 Dec 2020 3 min read
QD view – UK clear-out heralds better times
QD view – UK clear-out heralds better times The AIC’s UK All Companies sector is set to shrink as shareholders in Jupiter UK Growth choose between cash or a rollover into an open-ended fund, Invesco Perpetual Select UK Equity moves to the UK equity income sector following its planned merger with Invesco Income Growth and […]
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11 Sep 2020 4 min read
Henderson High underperformance driven by gearing
Henderson High Income (HHI) has announced its annual results for the half year ended 30 June 2020, during which, despite being defensively positioned, it underperformed its benchmark primarily due to its gearing which is a key component of its structure that allows it to generate its high level of income. The announcement says that, during […]
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22 Jan 2020 1 min read
QuotedData’s other news 22 January 2020
In QuotedData’s other news 22 January 2020 Yellow Cake, the uranium fund, is instituting a $2m buyback programme in an effort to narrow its discount. The programme lasts for three months, shares will be held in treasury. Syncona says that its portfolio company, Freeline will be disclosing further data from its Phase 1/2 B-AMAZE trial investigating […]
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27 Mar 2018 2 min read
Henderson High Income outperforms in 2017
Henderson High Income outperforms in 2017 – Henderson High Income beat its benchmark (80% the All-Share and 20% a gilts index) by 2% in 2017. Unfortunately though, its discount widened and the return to shareholders was 8.7% against 11.4% for the benchmark. the trust expanded by £32m as it absorbed Threadneedle UK Select and also […]
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18 Jan 2018 1 min read
Henderson High Income amends fee structure
Henderson High Income amends fee structure – The board of Henderson High Income Trust has announced the following amendments to the fee arrangements with the Henderson Investment Funds Limited (“Janus Henderson”), the fund’s manager. The current agreement has a base management fee of 0.50% of adjusted average gross assets. Adjusted average assets is the average of the gross assets, […]
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29 Mar 2017 2 min read
Henderson High Income held back by Brexit
Henderson High Income, which is in the throes of a merger with UK Select Trust, has announced results for the year ended 31 December 2016. The benchmark, which is a composite of 80% of the All-Share Index (total return) and 20% of the Merrill Lynch Sterling Non-Gilts Index, returned 15.5% for the year but Henderson High Income […]
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17 Mar 2017 3 min read
Threadneedle UK Select proposes merger with Henderson High Income Trust
The boards of Threadneedle UK Select Trust (UKT) and Henderson High Income Trust (HHI) have both made announcements regarding proposals to wind up Threadneedle UK Select Trustand roll-over into Henderson High Income Trust. Threadneedle UK Select faces a continuation vote at its forthcoming AGM and its Board says that it has been reviewing the options […]
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17 Aug 2016 1 min read
Threadneedle UK Select caught out by mining rally
In the six month period ended 30 June 2016, Threadneedle UK Select’s net asset value total return was 1.4%, compared with the 4.3 % total return from the FTSE All-Share Index, the benchmark against which the Investment Manager’s performance is measured. Earnings per share for the half year amounted to 4.16p (30 June 2015: 8.21p). The Board […]
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29 Jul 2016 1 min read
Henderson High Income confident of maintaining dividend for now
Henderson High Income says, during the challenging six months to 30 June 2016, the Company delivered a net asset value total return of -0.65%, underperforming the benchmark total return of 4.87% for the same period. The premium at which the Company’s shares traded to their net asset value narrowed and fell to a discount of […]
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19 Apr 2016 1 min read
Widening discount lets down Threadneedle UK Select
Threadneedle UK Select Trust’s net asset value total return was 5.7% for 2015, which compares favourably with the 1.0% total return from the FTSE All-Share Index, the benchmark against which the investment manager’s performance is measured. During the year under review, the share price decreased by 2.9% from 171.5p to 166.5p and the discount at which the […]
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16 Mar 2016 1 min read
Henderson High Income impresses in 2015
Henderson High Income generated an NAV return of 7.6% over the year ended 31 December 2015 while its benchmark, 80% of the FTSE All-Share Index (total return) and 20% of the Merrill Lynch Sterling Non-Gilts Index (total return), returned 0.9%. The return to shareholders was 6.6%. The dividend was increased from 8.6p to 8.9p. This […]
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14 Aug 2015 1 min read
Threadneedle UK Select outperforms rising UK market in H1
Threadneedle UK Select beat the FTSE All-Share index over the first half of 2015 delivering a total return on net assets of 4.5% against 3% for the index. The discount narrowed slightly from 6.5% to 6.2%. The dividend was upped from 1.85p to 1.9p. The investment manager says Crest Nicholson climbed after delivering an encouraging […]
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30 Jun 2015 1 min read
Henderson High Income borrows £20m
Henderson High Income has decided that it wants to take advantage of the low interest rate environment by issuing £20m of fixed rate notes. These have a 19 year life and pay a coupon fixed at 3.67%. The funding date is 8 July 2015 with interest payable semi-annually in arrears. The principal repayment date will be 8 […]
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22 Apr 2015 1 min read
Threadneedle UK Select let down by widening discount
Threadneedle UK Select Trust has published its results for the year ended 31 December 2014. The fund managed to beat the FTSE All-Share Index over the year – generating a return on net assets of 3.5% vs. 1.2% for the benchmark. The dividend was upped from 4.25p to 4.35p. However the discount widened as the […]
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19 Mar 2015 2 min read
Henderson High Income outperforms, cuts fees
Henderson High Income’s results for the year that finished on 31 December 2014 are quite good. The total return on net assets was 7.5% and the return to shareholders was 8.1%. these figures compare to a return on their benchmark, a composite of 80% of the FTSE All-Share Index (total return) and 20% of the […]
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30 Jul 2014 1 min read
Henderson High Income : HHI – interims
Henderson High Income generated a net asset value total return of 3.6% over the first half of 2014 – 2% ahead of the 1.6% return delivered by the FTSE All-Share Index and ahead of the fund’s benchmark which returned 2.3%. The dividend for the first half was 4.25p as compared to 4.15p for the equivalent […]
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18 Mar 2014 1 min read
Henderson High Income : HHI – final results
Henderson High income has announced figures for the year ended 31 December 2013. over the year the net asset value generated a total return of 30.7% – much better than the 16.8% return on HHI’s benchmark. revenue rose by 8.1%, allowing them to increase the quarterly dividend to 2.15p per share.
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02 Jan 2014 1 min read
Henderson High Income : HHI appoints co-manager
David Smith has been appointed co-manager of Henderson High Income – to work alongside Alex Crooke. David has worked for Henderson Global Investors for the past 11 years and has been a fund manager since 2008.
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In The Press
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13 Nov 2024 1 min read
Our trust income portfolios: changes for the year ahead
by Dave Baxter, Investors’ Chronicle, November 12, 2024: The past year has been an extremely strong one for markets, with many of the difficulties that emerged back in 2022 finally starting to abate for investors.. This ‘Goldilocks’ (ie, just right) backdrop has certainly worked out well for our two investment trust income portfolios. The two […]
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23 Aug 2024 1 min read
DIVIDEND ROYALTY: FOUR INVESTMENT TRUSTS FOR DIVIDEND SEEKERS
Over the past couple of years, the cost-of-living crisis has been a painful reality for many, impacting everything from rent and mortgages to groceries. this underscores the importance of making your money work harder for you.. A more reliable approach to mitigating the impact of inflation might be to invest in dependable dividend-paying trusts. While […]
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21 Aug 2024 1 min read
Debt funds’ new lease on life
By James Carthew, QuotedData, 20 August 2024: The 0.25% reduction in the Bank of England base rate on 31 July may not sound much but it marked the first interest rate cut in four years and signalled that the UK’s bout of elevated inflation that began in April 2021 was finally under control. A lot […]
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27 Jun 2024 1 min read
What’s behind more investment trusts joining forces?
by Kyle Caldwell from interactive investor, 25th June 2024: The investment trust industry has in the past faced criticism for having too many small, sub-standard trusts with assets worth £100 million or less. This has been changing over the past couple of years, with boards increasingly ringing the changes. Boards have the ability to replace […]
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02 May 2024 2 min read
Are the highest-yielding equity trusts a sound investment?
By Emma Wallis, News editor, Trustnet, 01 May 2024: Income-seeking investors can find rich pickings amongst the investment trust sector, with many trusts offering yields above government bonds plus the prospect of capital gains and an extra kicker if discounts narrow. Wealth manager Stifel found that 32 trusts investing primarily in equities have a yield […]
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19 Dec 2023 1 min read
INTO THE HEADWIND
James Carthew in The Investment Trusts Handbook 2024: James Carthew reviews a tough year for the alternative asset trusts In the years following the global financial crisis, the investment companies industry boomed as investors in search of income poured money into alternative assets. Not everything worked. Aircraft leasing and reinsurance funds proved to be notable […]
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17 Nov 2023 1 min read
The IC investment trust income portfolios: our changes for the year ahead
by Dave Baxter, Investors’ Chronicle, November 16, 2023: The idea that investment trusts provide a reliable income through thick and thin has truly been tested in recent years, from the UK equity dividend suspensions of 2020 to the bond sell off seen over the last two years and the consequences that has had for yield-rich […]
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19 Jul 2023 1 min read
The investment trusts trading on a premium that are still worth buying
By Jean-Baptiste Andrieux, Reporter, Trustnet, 19 July 2023: Despite the majority of investment trusts looking cheap, some expensive options are still worth buying, according to experts. Data from Numis Securities shows only 22 close-ended funds are trading on a premium or 6.5% of the Association of Investment Companies (AIC)’s universe. This is less than half […]
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22 Jun 2023 2 min read
Home Truths
James Carthew for Portfolio Adviser, 21 June 2023: For many years, there was a tendency among UK-based investment managers and financial advisers to overweight domestic stocks within client portfolios. As a result, we saw a proliferation of investment companies with a narrow focus on UK-listed businesses. Today, 54 investment companies have a listed UK equity […]
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12 Jun 2023 1 min read
Bargain Hunter: sizing up ‘cheap’ investment trusts on 5%-plus yields
by Kyle Caldwell from interactive investor, 8 June 2023: For investment trust fans now is one of the best opportunities over the past decade to try and pick up a bargain, as the chart below from stockbroker Numis shows. The average equity investment trust is trading on a discount a smidge over 10%, while those […]
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21 Oct 2022 1 min read
Is it still worth investing in income funds? Experts pick the best
By ANGHARAD CARRICK FOR THIS IS MONEY, 21 October 2022: After years of rock-bottom rates, saving has become tempting again as banks hike their rates to the highest levels seen in more than a decade… With more than 4 per cent interest on offer from the best one year fixed rate savings accounts, savers may […]
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06 Dec 2021 1 min read
Review: The Henderson High Income investment trust
Henderson High Income Investment Trust (HHI) appears to have been a beneficiary of the recovery in the UK’s fortunes By Jayna Rana December 3, 2021 Investors have benefited from Henderson High Income Investment Trust (HHI)’s strong long and short-term performance The UK market has been making a comeback since the start of the year, after years […]
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27 Apr 2020 1 min read
Gearing levels were ‘modest’ heading into market sell-off
Investment trust gearing levels were ‘modest’ heading into market sell-off Data shows that ahead of the sell-off most investment trusts had ‘modest’ gearing levels, so losses were not as heavy as they otherwise could have been. Money Observer April 23, 2020 by Kyle Caldwell The use of gearing to enhance returns over the long term is a key […]
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17 Feb 2020 1 min read
What’s the catch with investment trusts yielding above 5%?
What’s the catch with investment trusts yielding above 5%? We explain how certain trusts can generate a high yield and pick two to buy By Tom Sieber, Shares Magazine, 13 Feb 2020 Little is more satisfying in investing than receiving a dividend payment from one of your holdings and investment trusts have an excellent track […]
