2021 Annual General Meeting
We are pleased to invite you to attend this year’s annual general meeting (“AGM” or “meeting”). The AGM will be held, subject to Covid-19 restrictions, at 2.30pm on Tuesday, 7 December 2021 at the offices of Janus Henderson Investors, 201 Bishopsgate, London EC2M 3AE. For shareholders unable to travel, you will be able to join the meeting by Zoom webinar. The meeting will include a presentation by the fund manager, Ben Lofthouse.
As is our normal practice, there will be live voting for those physically present at the AGM. Due to technical restrictions, we cannot offer live voting by Zoom, and we therefore request all shareholders, and particularly those who cannot attend physically, to submit their votes by proxy, ahead of the deadline of 2.30pm on Friday, 3 December 2021, to ensure that their vote counts at the AGM. If you hold your shares in a nominee account, such as through a share dealing service or platform, you will need to contact your provider and ask them to submit the proxy votes on your behalf.
If you wish to join the AGM by Zoom, please register here in advance, entering your shareholder details. You will then receive a dedicated invitation to join via webinar.
Please see the Notice of AGM and proxy form for further information. If shareholders would like to submit any questions in advance of the AGM, you are welcome to send these to the corporate secretary at firstname.lastname@example.org.
Any change to the format of the AGM will be notified to shareholders via a Regulatory Information Service announcement and the Company’s website.
To provide shareholders with a growing total annual dividend, as well as capital appreciation.
ABOUT THIS TRUST
In 2011, Henderson International Income Trust was launched to provide an investment solution for investors seeking attractive income and capital growth opportunities in a low interest rate environment.
The Company invests in one of the best global income ideas, well diversified by sector and region outside the UK, generated by the Janus Henderson Global Equity Income team. Global diversification helps mitigate political and economic risks and provides exposure to additional opportunities. The portfolio is split into three regions, North America, Europe and Asia Pacific, with none representing more than 50% of assets and no individual stock over 5% of the portfolio at the time of investment.
As well as the ability to borrow up to 25% of net assets to enhance returns, the mandate includes the ability to own up to 25% in fixed interest assets to enhance income generation and diversification.
DIVERSIFIER FOR UK INCOME-DRIVEN INVESTORS
The ex-UK aspect of the portfolio allows investors to be confident of true stock specific diversification as many UK investors’ income portfolios are often overweight the UK FTSE dividend payers. The dividends paid by UK companies (represented below by the FTSE 100) are highly reliant on a small number of companies. The same is not the case for a global index or for the HINT portfolio.
Source: Link Group UK Dividend Monitor for the year to December 2020. HINT dividend contribution for the one year period to 31 August 2021.
Source: Refinitiv Datastream (August 2021), Morningstar Direct (August 2021), Figures rebased to 100 as at August 2012.
HINT has an established track record since inception of a growing total annual dividend as well as capital appreciation:
- The dividend has grown from 1p per quarter to80p per quarter since launch (as at 31 August 2021). This is at a greater rate than inflation. The long-term sustainability of dividends is enhanced by the Company’s ability to smooth distributions through the cycle using its reserves.
- The capital value of the Company has increased from 100p at launch to 181.7p as at 31 August 2021