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Creating a FTSE 250 investment trust: B&C helps Janus Henderson with HEFT & HNE merger

Creating a FTSE 250 investment trust: B&C helps Janus Henderson with HEFT & HNE merger

21/05/2024

We’re delighted to have helped the Boards of Henderson European Focus Trust (HEFT) and Henderson EuroTrust (HNE) with shareholder documentation for the proposed merger of both companies to form Henderson European Trust.

A combination of the two trusts, subject to shareholder approval, will occur via a scheme of reconstruction and winding up of HNE, with the transfer of its assets to HEFT in exchange for new shares issued by HEFT.

The combined fund will have net assets of c £750m (based on valuations at the end of February 2024) and is expected to be eligible for inclusion in the UK 250 index.

If you'd like to find out how we can help ensure the success of your critical investment trust M&A projects, chat with us today: hello@blackandcallow.com

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