Henderson International Income Trust Approves Liquidation

LONDON - Shareholders of Henderson International Income Trust plc (LSE:HINT) have voted in favor of the company’s voluntary liquidation as part of its scheme to merge with JPMorgan Global Growth & Income plc (LSE:JGGI), according to a recent announcement. The resolution passed during a meeting held on Wednesday, with 98.48% of votes supporting the move.

The special resolution’s approval has led to the appointment of Derek Hyslop and Richard Barker from Ernst & Young LLP as joint liquidators. The company’s shares were suspended as of Wednesday morning, in line with the procedures outlined in the circular to shareholders dated April 17, 2025.

Under the terms of the scheme, HINT shareholders are set to receive 0.327904 new JGGI shares for each HINT share they hold. This exchange rate is based on the fixed asset value (FAV) per share of both companies, with HINT’s FAV per share at 175.317407 pence and JGGI’s at 534.660514 pence. Fractional shares will not be issued, and any such entitlements will be rounded down to the nearest whole number, with no cash payment for fractional shares.

The liquidation pool, created to cover all liabilities and costs associated with the winding up of HINT, includes an allowance for an estimated £3.8 million in recoverable withholding tax and a £100,000 retention for any unforeseen liabilities. After settling all obligations, any remaining funds will be distributed to shareholders pro rata.

Shareholders are expected to receive their new JGGI shares electronically on May 29, 2025, for those holding shares in CREST, or by June 17, 2025, for those holding certificated shares.

This development follows the company’s strategy to consolidate and provide shareholders with a potentially more efficient investment structure. For further inquiries regarding the company’s liquidation process, shareholders are advised to contact the appointed liquidators.

The information in this article is based on a press release statement from Henderson International Income Trust plc.

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