7th Feb 2014 09:34
LONDON (Alliance News) - Henderson Diversified Income Ltd Friday said it has raised about 21.0 million after undertaking a management roadshow and bookbuild in mid-January to garner investor appetite for new shares in the company.
The trust, which invests in fixed income asset classes such as secured loans, high yield corporate bonds and investment grade corporate bonds, placed about 23.8 million shares at 88.5 pence each - a 2% premium to the cum-income net asset value per share on February 5.
The bookbuild closed on Thursday, with the new shares set to be admitted for trading on the main market of the London Stock Exchange at 0800 GMT on February 12.
Alongside its results for the year ended October 31, 2013, published January 14, the trust said it would issue up to 46.0 million new shares in a share placing.
This, the initial issue, was not underwritten and the company has previously said it will invest the proceeds of the new share issuance "swiftly".
On January 14, it said new shares not taken up in the initial issue may also be issued under other share issues, which would be undertaken to reduce the premium of share price to net asset value or to grow the company.
Henderson Diversified Income shares were Friday quoted at 89.50 pence, up 1.50 pence, or 1.7%.
By Samuel Agini; [email protected]; @samuelagini
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