Henderson Diversified Income agrees merger with Henderson High Income

Cash exit or rollover of assets

The Henderson Diversified Income (HDIV) trust has agreed to combine its assets with Henderson High Income (HHI).

In a stock exchange notice today (4 October), the respective boards said that if the merger is approved by shareholders, it will take place by way of reconstruction and lead to the winding up of HDIV.  Under the scheme, HDIV shareholders will be able to either rollover their investment into HHI or obtain a full and unrestricted cash exit, or a combination of both. The cash option will be offered at a discount of 1% to the HDIV net asset value per share.  The enlarged HHI, which currently holds £262m in assets, will continue to be managed by Janus Henderson under the same investment ob...