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Henderson High Income Trust PLC Executes Share Buyback

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Henderson High Income Trust PLC Executes Share Buyback

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Henderson High Income Trust PLC ( (GB:HHI) ) has shared an update.

Henderson High Income Trust PLC announced the market purchase of 1,476 of its own ordinary shares at a price of 180.5p per share, as authorized during its Annual General Meeting. This transaction reduces the number of shares with voting rights, impacting the total voting rights available to shareholders, which now stands at 170,114,069.

Spark’s Take on GB:HHI Stock

According to Spark, TipRanks’ AI Analyst, GB:HHI is a Outperform.

Henderson High Income Trust PLC’s overall stock score is supported by strong financial performance and a robust valuation. The company’s strategic initiatives, including share buybacks and management fee reductions, contribute to an optimistic outlook. However, technical analysis suggests short-term caution, with the stock trading below its short-term moving averages.

To see Spark’s full report on GB:HHI stock, click here.

More about Henderson High Income Trust PLC

Henderson High Income Trust PLC is part of the financial services industry, focusing on investment management. The company primarily deals with managing high-income investment trusts, aiming to provide shareholders with a high level of income as well as the potential for capital growth.

Average Trading Volume: 222,317

Technical Sentiment Signal: Buy

For a thorough assessment of HHI stock, go to TipRanks’ Stock Analysis page.

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