Henderson Diversified Income Trust to acquire Henderson High Income Trust.

Henderson Diversified Income Trust, a United Kingdom-based investment company investment objective is to provide shareholders with a high level of income and preservation capital, through the economic cycle, agreed to acquire Henderson High Income Trust, a United Kingdom-based investment trust whose investment objective is to invest in a diversified selection of both well-known and smaller companies to provide investors with a high dividend income stream while also maintaining the prospect of capital growth. Financial terms were not disclosed. "Importantly, shareholders will be offered a choice - a full cash exit at close to liquidation value, rollover into HHI, or a combination of both. Those shareholders who roll will maintain a similar income profile, managed by the same investment group, but with the advantage of greater scale and liquidity. Whilst the rollover option represents a change of asset allocation to a majority equity mandate, the fixed income team of HDIV will continue to manage the smaller bond allocation of HHI, providing some continuity for shareholders. HHI's record, if it continues in the future, of capital growth, a high and growing dividend and trading at a tighter discount to NAV should also benefit shareholders," Angus Macpherson, HDIV Chairman.