The net assets of the Henderson Horizon Fund - Industries of the Future Fund (the “Fund”) have fallen to EUR 2.79 million (US$ 3.85 million) at 31 October 2011. This is below the threshold of US$ 25 million at which the Board of Directors of the Company (the “Directors”) are empowered to liquidate the Fund pursuant to Article 28 of the Articles of Incorporation of the Company.
After careful consideration, the Directors have concluded that it is no longer economically viable for the Fund to operate and accordingly they resolved that the Fund will be liquidated. The effective date for the liquidation of the Fund is 31 January 2012 (the “Effective Date”).