HENDERSON HIGH INCOME TRUST PLC
PAYMENT OF SECOND INTERIM DIVIDEND
Henderson High Income Trust plc announces that a second interim dividend of 2.475p per ordinary share of 5p, in respect of the year ending 31 December 2020, will be paid on 31 July 2020 to holders registered at the close of business on 19 June 2020. This dividend is to be paid from the Company's revenue account. The Company's shares will go ex-dividend on 18 June 2020.
The Company's objective is to provide investors with a high dividend income stream while also maintaining the prospects of capital growth in the long term. The current environment for dividends in the UK is particularly challenging and although the portfolio aims to be well diversified, it has not been immune to the recent dividend suspensions, postponements or cuts from its investee companies. However, over the last 9 years the Company has built up its revenue reserves to provide a suitable cushion where possible during economic downturns.
The Board acknowledges the difficulty of forecasting in these uncertain times and will continue to assess the impact of Covid-19 on its income. The Board also recognises the importance of the Company's dividend to our shareholders, therefore based on information to date, it is the Board's current intention to use its revenue reserves where necessary to maintain the quarterly dividend at the existing level of 2.475p for the remainder of this financial year.