HEFT & HNE to merge
Posted: March 15th, 2024, 2:39 am
by Oswulf
The boards of Henderson European Focus Trust (HEFT) and Henderson EuroTrust (HNE) have announced plans to merge and create the £750m Henderson European Trust. HNE will transfer its assets to HEFT and be liquidated. HNE will offer shareholders a 5% cash exit which HEFT will match with a 5% tender offer.
https://citywire.com/investment-trust-i ... s/a2438350
Re: HEFT & HNE to merge
Posted: March 16th, 2024, 2:36 pm
by Arborbridge
Oswulf wrote:The boards of Henderson European Focus Trust (HEFT) and Henderson EuroTrust (HNE) have announced plans to merge and create the £750m Henderson European Trust. HNE will transfer its assets to HEFT and be liquidated. HNE will offer shareholders a 5% cash exit which HEFT will match with a 5% tender offer.
https://citywire.com/investment-trust-i ... s/a2438350
That's ironic. Only half a year ago, I sold my wife's HNE in a dealing account to get the cash into her ISA. What did I re-purchase? HEFT!
Arb.