RCS - Henderson HighIncome - Annual Overview from QuotedData

Henderson High Income Trust

12/09/2023 09:30

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RNS Number : 1649M  Henderson High Income Trust PLC  12 September 2023

Henderson High Income - Annual overview from QuotedData

12(th) September 2023

There's value in value

Thanks to the combination of both high-yielding stocks and debt within its
portfolio, Henderson High Income (HHI) gives its manager, David Smith, the
toolkit he needs to navigate the higher inflationary environment that has
dictated the fortunes of the UK stock market. David has greater ability to
find investments with sufficient income payments to keep up with rising
prices.

David believes that despite the recent macroeconomic uncertainty, the current
market outlook could be supportive for HHI's portfolio of companies which
trade on comparatively lower valuations. History suggests that the combination
of high inflation and a resilient UK economy may be a boon for the UK market
and value stocks.

David has taken a cautious approach to asset allocation, increasing HHI's
allocation to fixed income, which is generally viewed as lower risk than
equities. He is confident that HHI's underlying revenues will be sufficient to
support its income growth. We note that with a dividend yield of more than 6%
and the potential for near-term net asset value (NAV) uplifts, HHI stacks up
favourably when compared with many of the higher-yielding assets that the
higher-interest-rate regime has produced, such as cash deposits and government
bonds.

Full Research:

https://quoteddata.com/research/henderson-high-income-theres-value-in-value-qd/
(https://quoteddata.com/research/henderson-high-income-theres-value-in-value-qd/)

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NB: Marten & Co was paid to produce this note on Henderson High Income
Trust Plc and it is for information purposes only. It is not intended to
encourage the reader to deal in the security or securities mentioned in this
report. Please read the important information at the back of this note.
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and regulated by the Financial Conduct Authority. Marten & Co is not
permitted to provide investment advice to individual investors categorised as
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