Edison Releases Analysis on Henderson Opportunities Trust

London, UK, 17 January 2025 - Edison Investment Research Limited has issued a report on Henderson Opportunities Trust (HOT), traded on the London Stock Exchange. The trust, known for its focus on long-term growth, has a portfolio strategy that favors smaller and early-stage companies. However, the underperformance of smaller companies over the past three years, especially AIM-listed stocks, has adversely impacted HOT's returns.

An activist approach by the US hedge fund Saba Capital targets HOT, aiming to replace the independent board and the trust’s investment managers. The current board opposes these changes, advocating for shareholders to reject Saba's propositions. They present an alternative plan featuring options for a full cash exit at NAV and rolling over into an open-ended vehicle.