Glencore (BRWM's largest holding) stated that it is World coal prices that is affecting their bottom line. It has come to the point where many mines are closing down. As of January 2025, the price is still falling so no relief there.
So, Henderson's have palmed off their International Income Trust (HINT) to JP Morgan. It is not really a merger as the article suggests. After one year, JP Morgan will take full control. Maybe we will be as lucky?