London, UK, 18 January 2022
Edison issues update on Henderson International Income Trust (HINT)
Henderson International Income Trust (HINT) celebrated its 10th anniversary during 2021 and, over the past decade, the trust has succeeded in achieving its dual objectives - it has delivered an average annualised total return (NAV) of 11.1% over the 10 years to end December 2021, and dividend payments have increased every year. The board recently announced an enhanced dividend policy, which looks set to ensure that the trust will maintain this dividend track record over the coming decade. Ben Lofthouse has managed HINT since inception and the trust's strong performance track record over this period attests to his ability to adapt to change and unforeseen challenges in global markets.
The trust's focus on global income, and its persistent outperformance of UK markets, may attract investors seeking income diversification beyond the UK. Additionally, the recently announced increase in the quarterly dividend payment, from 1.5p to 1.8p per share (a 20% increase), represents a prospective yield of 4.3%. This, combined with the board's commitment to use reserves to maintain dividend payments, if necessary, should enhance this trust's appeal to investors seeking high, predictable and growing income. Also, the trust's relatively wide discount to NAV, compared to historical levels close to par, offers new investors an attractive entry point. Finally, HINT has delivered strong positive absolute returns over the long term, a performance that bodes well for its capacity to weather future uncertainty and capitalise on the resultant investment opportunities available in global markets.
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