Henderson Diversified Income Trust plc (LSE:HDIV) commences share repurchases on November 3, 2021, under the program mandated by the shareholders in the Annual General Meeting held on September 16, 2021. As per the mandate, the company is authorized to repurchase up to 28,678,604 ordinary shares, representing 14.99% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.01 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System.

The shares purchased may either be cancelled or held as treasury shares, which may then be cancelled, sold for cash or transferred. The authority shall expire on the earlier of the date falling 15 months after the passing of this resolution or at the conclusion of the AGM in 2022, unless such authority is renewed before that expiry.