Source - RNS
RNS Number : 9418L
Henderson Diversified Income Ltd
07 October 2016
 

7 October 2016 

 

HENDERSON DIVERSIFIED INCOME LIMITED

 

Structure of the Company

Since the launch of the Company, and its Luxembourg subsidiary, there have been a number of developments in Luxembourg tax legislation and practice, in particular in relation to transfer pricing. The Board and its advisers have continued to review these developments and have recently concluded that the Company's existing structure may involve increased complexity and risk.

Accordingly, the Board is exploring the possibility of simplifying its tax structure by electing to join the UK investment trust company tax regime, including changing its place of incorporation to the United Kingdom. It is likely that any such change would involve the establishment of a new UK company and the liquidation of the Company and its Luxembourg subsidiary and would lead to a reduction in annual running costs. The Board would not be proposing any changes to the investment management arrangements.

The Board will only recommend this change if it believes it to be in the best interests of shareholders as a whole and expects to update shareholders later this year.

 

For further information please contact:

 

James de Sausmarez

Director of Investment Trusts, Henderson Global Investors

Telephone: 0207 818 3349

 

Jeremy Hamon

Company Secretary & RNS Agent

BNP Paribas Securities Services S.C.A., Jersey Branch

Telephone 01534 709108


This information is provided by RNS
The company news service from the London Stock Exchange
 
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