Henderson International Income Trust Announces Combination with JPMorgan Global Growth & Income
Why we think this is neutral
This RNS announcement provides details on the proposed combination of Henderson International Income Trust with JPMorgan Global Growth & Income. As it does not fall under any of the mandatory news types, I have assigned a neutral sentiment score.
Key Points
- Combination of HINT and JGGI through scheme of reconstruction and members' voluntary winding-up
- HINT shareholders to roll over into new JGGI shares
- Enlarged JGGI to have net assets of approximately £3.1 billion
- Benefits for HINT shareholders include improved share rating, increased liquidity, consistent dividends, and lower fees
Summary
The investment trust announces plans to combine with JPMorgan Global Growth & Income, providing shareholders with access to a larger, more liquid vehicle with an outstanding track record.
Key details:
- Henderson International Income Trust (HINT) has announced plans to combine with JPMorgan Global Growth & Income (JGGI) through a scheme of reconstruction and members' voluntary winding-up.
- If approved, HINT shareholders will roll over their holdings into new JGGI shares.
- The enlarged JGGI is expected to have net assets of approximately £3.1 billion, further enhancing its position as the largest investment trust in the AIC Global Equity Income sector.
- HINT shareholders are expected to benefit from improved share rating, increased liquidity, consistent dividends, and lower management fees and ongoing charges.
Key Dates
12 May 2025
First General Meeting
28 May 2025
Second General Meeting
28 May 2025
Effective Date for implementation of the Scheme and appointment of Liquidators
GENERAL UPDATE