Edison Initiates Coverage on Henderson Value Trust

LONDON, June 5, 2015 /PRNewswire/ --

Edison Investment Research, a leading international investment research firm, announces the initiation of full coverage of Henderson Value Trust 

Highlights of the analysis on Henderson Value Trust by Edison's investment trust analysts Sarah Godfrey and Andrew Mitchell are as follows:

Henderson Value Trust exploits global opportunities to provide long-term growth to shareholders via a diversified, international, multi-strategy portfolio, which offers access also to specialist funds including hedge and private equity. Previously the SVM Global Trust and originally Scottish Value Trust, management was transferred to Henderson Global Investors on 1 April 2013 and the managers are now reaching the latter stages of a three-year process of reconstituting the portfolio.

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At 3 June HVTR's shares were trading at an 18.8% discount to cum-income net asset value. This is wide even in the context of the trust's troubled history, with an average discount of between 15.9% and 16.9% over one, three and five years and since Henderson began managing the portfolio on 1 April 2013. With the reshaping of the portfolio almost complete, holding out the prospect of more positive performance, there is scope for the discount to narrow. A 10% tender offer in December 2014 was oversubscribed; there will be another in December 2016 if the discount averages more than 10% in the 12 months to 30 September 2016.  

To download this report, please click here.

All reports published by Edison are available to download free of charge from its website http://www.edisongroup.com.

About Edison: Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals works with leading companies, fund managers and investment banks worldwide to support their capital markets activities. We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Frankfurt, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority (http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584).

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

Contact details: Learn more at http://www.edisongroup.com and connect with Edison on:  

LinkedIn: http://www.linkedin.com/company/edison-investment-research

Twitter: http://www.twitter.com/Edison_Inv_Res

YouTube: http://www.youtube.com/edisonitv

For more information please contact:
Sarah Godfrey
Edison Investment Research
+44(0)20-3681-2519

Andrew Mitchell
Edison Investment Research
+44(0)20-3681-2500
[email protected]

SOURCE Edison Investment Research

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