Title: 242383956.pdf URL Source: https://documentscdn.financialexpress.net/Literature/1A135E8AD07EFA804EF99CEB7C960089/242383956.pdf Number of Pages: 5 Markdown Content: # Company overview Objective The Company invests in a prudently 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. Highlights A Company providing investors with a high dividend income stream while also maintaining the prospect of capital growth. # Company information NAV (cum income) 204.5p NAV (ex income) 203.2p Share price 195.5p Discount( -)/premium(+) -4.4% Yield 5.6% Net gearing 21% Net cash - Total assets Net assets £419m £347m Market capitalisation £331m Total voting rights 169,519,008 Total number of holdings 107 Ongoing charges (year end 31 Dec 2025) 0.68% Benchmark 80% FTSE All -Share Index/20% ICE BofA Sterling Non -Gilts Index Source: BNP Paribas for holdings information and Morningstar for all other data. Differences in calculation may occur due to the methodology used. Please note that the total voting rights in the Company do not include shares held in Treasury. # HENDERSON HIGH INCOME TRUST PLC (HHI) ISIN: GB0009580571 Factsheet - at 30 April 2026 Marketing Communication # Share price performance # (total return) # Dividend history # (pence/share) Please note that this chart could include dividends that have been declared but not yet paid. 50 100 150 200 Apr 21 Apr 22 Apr 23 Apr 24 Apr 25 Apr 26 Price (rebased) Benchmark NAV (cum income) 0.0 2.0 4.0 6.0 8.0 10.0 12.0 05 07 09 11 13 15 17 19 21 23 25 Income Performance over (%) 1m 3m 6m 1y 3y 5y 10y Share price (Total return) 6.6 0.9 8.5 21.1 36.5 55.6 101.8 NAV (Total return) 3.7 1.1 5.3 17.5 39.9 59.4 113.2 Benchmark (Total return) 2.3 1.4 6.2 20.7 38.2 50.5 107.3 Relative NAV (Total return) 1. 4 -0.3 -0.9 -3.2 1.7 8. 9 5.9 Discrete year performance (%) Share price (total return) NAV (total return) 31/3/2025 to 31/3/2026 17.1 15.5 31/3/2024 to 31/3/2025 14.7 11.3 31/3/2023 to 31/3/2024 -2.2 7.9 31/3/2022 to 31/3/2023 2.3 3.0 31/3/2021 to 31/3/2022 16.1 12.7 n/a n/a n/a Source: at 30/04/26. © 2026 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not predict future returns. All performance, cumulative growth and annual growth data is sourc ed from Morningstar. Find out more Go to www.hendersonhighincome.com How to invest Go to www.janushenderson.com/howtoinvest Please remember that past performance does not predict future returns. The value of an investment and the income from it can rise as well as fall as a result of market and currency fluctuations, and you may not get back the amount originally invested. Plea se refer to the glossary for the definition of share price total return. Customer services 0800 832 832 How to invest Go to www.janushenderson.com/howtoinvest # HENDERSON HIGH INCOME TRUST PLC (HHI) ISIN: GB0009580571 Factsheet - at 30 April 2026 Marketing Communication # Top 10 holdings (%) British American Tobacco 5.1 HSBC 4.5 Shell 3.5 Rio Tinto 3.4 RELX 2.9 BP 2.9 Lloyds Banking Group 2.8 National Grid 2.6 Imperial Brands 2.5 NatWest Group 2.4 References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its emplo yees, may have a position in the securities mentioned. # Sector breakdown (%) ##  Financials 26.6% ##  Consumer Staples 17.5% ##  Fixed Interest 9.5% ##  Industrials 8.6% ##  Basic Materials 7.6% ##  Energy 6.4% ##  Utilities 6.1% ##  Consumer Discretionary 4.9% ##  Health Care 4.1% ##  Technology 4.0% ##  Real Estate 3.5% ##  Telecomms 1.3% The above sector breakdown may not add up to 100% due to rounding. # 10 year total return of £1,000 All performance, cumulative growth and annual growth data is sourced from Morningstar. Share price total return is calculated using mid -market share price with dividends reinvested. 0 500 1,000 1,500 2,000 2,500 Apr 16 Apr 18 Apr 20 Apr 22 Apr 24 Apr 26 Share price total return Benchmark # Geographical focus (%) #  United Kingdom 85.9% #  United States 4.2% #  France 4.0% #  Netherlands 1.7% #  Sweden 1.3% #  Spain 0.9% #  Denmark 0.8% #  Multinational 0.7% #  Switzerland 0.2% #  Ireland 0.1% The above geographical breakdown may not add up to 100% as this only shows the top 10. # Premium/(discount) of share price # to NAV at fair value (%) -15 -10 -5 0 5 10 15 Apr 23 Apr 24 Apr 25 Apr 26 Please remember that past performance does not predict future returns. The value of an investment and the income from it can rise as well as fall as a result of market and currency fluctua tions, and you may not get back the amount originally invested. Please refer to the glossary for the definition of share pric e total return. # Key information Stock code HHI AIC sector AIC UK Equity & Bond Income Benchmark 80% FTSE All -Share Index/20% ICE BofA Sterling Non -Gilts Index Company type Conventional (Ords) Launch date 1989 Financial year 31 -Dec Dividend payment April, July, October, January Management fee 0.45% of average adjusted net assets .Performance fee No (See Annual Report & Key Information Document for more information) Regional focus UK Fund manager appointment David Smith 2014 David Smith, CFA Portfolio Manager HENDERSON HIGH INCOME TRUST PLC (HHI) ISIN: GB0009580571 Factsheet - at 30 April 2026 Marketing Communication # Fund Manager commentary Investment environment The FTSE All -Share Index rose 2.8% as the prospect of a peace deal in the Middle East supported investor sentiment. However, uncertainty about the ceasefire pressured equities towards the end of the month, while investors also worried about the conflict ’s economic impact and the possibility of tighter monetary policy. On the final day of April, the Bank of England (BoE) left interest rates on hold at 3.75%, although it said it could shift to rate hikes should high energy prices persist. Heightened geopolitical tensions started to feed through to economic data. Annual in flation increased to 3.3% in March from 3.0% in February, consumer confidence hit the weakest level in two and a half years, and business confidence sank to the lowest point since 2020. Sterling strengthened against the US dollar in April, largely due to dollar weakness. The larger company FTSE 100 Index rose 2.3% during the month, underperforming the mid -cap FTSE 250 Index which rose 6.6%. The best -performing sectors included financials, technology and real estate, while energy and healthcare sectors lagge d. Portfolio review The equity holdings in Texas Instruments, Standard Life (previously Pheonix) and ICG all contributed to performance. Semiconductor manufacturer Texas Instruments reported robust trading during the month, benefiting from a recovery in industrial end markets and continued strong demand from the build -out of data centres in the US. Standard Life announced the acquisition of Aegon UK, which increases the company’s exposure to the structurally growing UK workplace pensions market and may support cash generation. Shares in alternative asset manager ICG rebounded from a weak March as concerns around its private lending to software businesses eased given its minimal exposure. Equity holdings in the consumer staples sector, specifically Imperial Brands and Reckitt Benckiser, detracted. Imperial Brands announced a mixed trading statement, with modest market share losses in its five main countries. Reckitt Benckiser also reported slightly disappointing trading with a mild cold and flu season impacting sales in its health division. During the month we initiated a new holding in Coats, the global leading manufacturer of threads for the apparel and footwear industries. Given the shift towards sustainable products and high -performance materials, we think the company could continue to take market share. The valuation was attractive to us given the strong margins and cash generation. We also switched our preference in the house -building sector, selling Taylor Wimpey and buying Persimmon given we think the latter has better control of its cost base and greater exposure to more affordable homes. Manager outlook The fragile ceasefire and effective closure of the Strait of Hormuz is likely to keep the oil price elevated. This could result in higher inflation and slower economic growth. Central banks have now paused the interest -rate cutting cycle and have warned that inflationary pressure could see rate hikes. However, we think it is worth remembering that UK consumers, businesses and the banking system remain in relatively strong financial health, which has supported the UK economy through periods of energy price volatility in recent years. In addition, share price valuations in the UK still appear attractive to us compared to other regions. We maintain a balanced approach, holding what we see as more resilient businesses as well as cyclical companies that we consider to be attractively valued. > References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned. # HENDERSON HIGH INCOME TRUST PLC (HHI) ISIN: GB0009580571 Factsheet - at 30 April 2026 Marketing Communication # Glossary Discount/Premium The amount by which the price per share of an investment company is either lower (at a discount) or higher (at a premium) than the net asset value per share (cum income), expressed as a percentage of the net asset value per share. Gearing The effect of bo rrowing money for investment purposes (financial gearing). The amount a company can “gear ” is the amount it can borrow in order to invest. Gearing is used in the expectation that the returns on the investments bought will exceed the costs of the borrowings that funded the purchase. This Company can also use synthetic gearing through derivatives and foreign exchange hedging and/or other non -fully funded instruments or techniques. Leverage The Company ’s leverage is the sum of financial gearing and synthetic gearing. Details of the Company ’s leverage limits can be found in both the Key Information Document and Annual Report. Where a company utilises leverage, the profits and losses incurred by the company can be greater than those of a company that does not us e leverage. Market capitalisation Share price multiplied by the number of shares in issue, excluding treasury shares, at month end. Shares typically priced mid -market at month -end closing. Net Asset Value (NAV) The total value of a Company's assets less its liabilities. NAV (Cum Income) The value of investments and cash, including current year revenue, less liabilities (prior charges such as loans, debenture stock and preference shares at fair value). NAV (Ex Income) The value of investments and cash, excluding current year revenue, less liabilities (prior charges such as loans, debenture stock and preference shares at fair value). NAV total return The theoretical total return on shareholders' funds pe r share reflecting the change in Net Asset Value (NAV) assuming that dividends paid to shareholders were reinvested at NAV at the time the shares were quoted ex -dividend. A way of measuring investment management performance of investment trusts which is no t affected by movements in discounts/premiums. Net assets Total assets minus any liabilities such as bank loans or creditors. Net cash A company ’s net exposure to cash/cash equivalents expressed as a percentage of shareholders ’ funds, after any offset against its gearing. This is only shown for companies that have gearing in place. Net gearing A company ’s total assets (less cash/cash equ ivalents) divided by shareholders ’ funds expressed as a percentage. Ongoing charges The total expenses for the financial year (excluding performance fee), divided by the average daily net assets, multiplied by 100. Share price Closing mid -market share pr ice at month end. Share price total return The theoretical total return to the investor assuming that all dividends received were reinvested in the shares of the company at the time the shares were quoted ex -dividend. Transaction costs are not taken into account. Total assets Cum Income NAV multiplied by the number of shares, plus prior charges at fair value. Yield Calculated by dividing the current financial year's dividends per share (this will include prospective dividends) by the current price per sh are, then multiplying by 100 to arrive at a percentage figure. For a full list of terms please visit: https://www.janushenderson.com/en - gb/investor/glossary/ HENDERSON HIGH INCOME TRUST PLC (HHI) ISIN: GB0009580571 Factsheet - at 30 April 2026 Marketing Communication Source for fund ratings/awards Overall Morningstar Rating™ is shown for an investment company achieving a rating of 4 or 5. Company specific risks - Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your i nvestment may fall as a result. - Active management techniques that have worked well in normal market conditions could prove ineff ective or negative for performance at other times. - Some of the investments in this portfolio are in smaller company shares. They may be more difficult to buy and sell, and thei r share prices may fluctuate more than those of larger companies. - This Com pany is suitable to be used as one component of several within a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested in this Company. - The Company could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to th e Company. - The return on your investment is directly related to the prevailing market price of the Company's shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the Company. As a result, losses ( or gains) may be higher or lower than those of the Company's assets. - If a Company's portfolio is concentrated towards a particular country or geographical region, the investment carries greater risk than a portfolio that is diversified across more countries. - The Company may use gearing (borrowing to invest) as part of it s investment strategy. If the Company utilises its ability to gear, the profits and losses incurred by the Company can be gre ater than those of a Company that does not use gearing. - All or part of the Company's management fee is taken from its capital. W hile this allows more income to be paid, it may also restrict capital growth or even result in capital erosion over time. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yoursel f as to its suitability and the risks involved, you may wish to consult a financial adviser. This is a marketing communicatio n. Ple ase refer to the AIFMD Disclosure document and Annual Report of the AIF before making any final investment decisions. Past pe rformance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may n ot get back the amount originally invested. Tax assumptions and reliefs depend upon an investor’s particular circumstances an d may change if those circumstances or the law change. Nothing in this document is intended to or should be construed as advice. Th is document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. We may record telephone calls for our mutual protection, to improve customer service and for regulator y record keeping purposes. Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and serv ices are provided by Janus Henderson Investors International Limited (reg no. 3594615), Janus Henderson Investors UK Limited (reg. no. 906355), Janus Henderson Fund Management UK Limited (reg. no. 2678531), Tabula Investment Management Limited (reg. no. 112866 61), (each registered in England and Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial Conduct Authority) and Janus Henderson Investors Europe S.A. (reg no. B22848 at 78, Avenue de la Liberté, L -1930 Luxembourg, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier). Janus Henderson® and any other tradema rks used herein are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.