(Alliance News) - Henderson International Income Trust PLC on Wednesday said its net asset value per share improved as it reported its half-year results.
The London-based investment company said its NAV per share with debt at par was 181.7 pence at February 28, compared to 181.5p at August 31. NAV per share with debt at fair value was 184.8 pence at February 28 and 183.4p at August 31.
Henderson's NAV total return with debt at par was 2.2% and 2.8% with debt at fair value for the half-year ended February 28, compared to negative 0.5% with debt at par and 0.4% with debt at fair value during the same period last year.
A second interim dividend of 1.85p per share was declared for the year ending August 31, unchanged from the first interim dividend of the financial year.
Looking ahead, Henderson's outlook for inflation and interest is unclear, but the company said it will continue to "focus on identifying companies with robust free cash flow characteristics and strong balance sheets."
Chair Richard Hills said: "The board and the fund manager remain focused on delivering the company's investment objectives and will continue to follow its existing strategy of identifying attractively valued companies that have the capacity to grow their earnings and dividends over the medium to long term. The diversified nature of the company's portfolio provides investors with a wide range of exposure to different industries and global regions, which is both beneficial and appropriate in these uncertain times."
Shares were up 0.2% at 178.29 pence each in London on Wednesday afternoon.
By Sabrina Penty; Alliance News reporter
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Henderson Int. (HINT)