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HHI Henderson High Income Trust Plc

159.00
3.50 (2.25%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Henderson High Income Investors - HHI

Henderson High Income Investors - HHI

Share Name Share Symbol Market Stock Type
Henderson High Income Trust Plc HHI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
3.50 2.25% 159.00 16:35:14
Open Price Low Price High Price Close Price Previous Close
157.00 156.50 157.50 159.00 155.50
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Top Investor Posts

Top Posts
Posted at 10/4/2024 09:22 by the deacon
Recording of the recent Investor Meet Company presentation https://youtu.be/qbJVorE3VY4?si=qW4MuA3SYhpbWoGB
Posted at 19/3/2021 17:15 by north sea boy
Thanks for that bit of detail that I had missed Aleman.

Holding a reasonable chunk of these now, and as an income investor, I never feel comfortable until the divi has been announced.

NSB
Posted at 24/9/2020 14:40 by north sea boy
Superiorshares.

Wouldn't argue much against what you have said. All things will be driven by the duration of the economic impact, and the pace and strength of any economic recovery - if indeed there is any recovery of significance. I note again with concern the further significant drop in price for HHI today.

However, the function of Investment Trusts is to flatten and minimise these impacts, and they all will by using their reserves where they need to - these revenue reserves do belong to the shareholders and not the trust itself; they can only be used to supplement temporarily depressed dividend inflows, and for no other purpose whatsoever.

Having said that, they are not inexhaustible, and will need to be used carefully, and over limited periods of time. I would not support the reserves being used to increase a dividend for vanity sake, but I might be happy for them to support a maintained dividend for say, 1 or 2 quarters. If things are worse than that, and I suspect that we both agree that they WILL be, then it would be more appropriate for a drawdown of say 10-15% of reserves each year to supplement a still reduced dividend for 4-5 years until they are then exhausted.

I guess though that the Investment Trusts Boards do not have a finite plan for that though, as things have never been that bad without the dividend being cut as you suggest.

But of course those are just my thoughts as a private investor, and ultimately the logic of the IT Boards can and will be different to mine.

Best wishes to all in these difficult times though.

NSB

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