In a statement issued through the At The Races TV channel, the Queen's jumps racing advisor Oswald, said: "We are disappointed. We will obviously discuss it but have not yet had the chance to do so.
"We need to read the findings and take them all in before any decisions are made."
Other horses trained by Henderson for the Queen include Barbers Shop who ran seventh in March's Cheltenham Gold Cup.
(Editing by Clare Fallon and Alison Wildey)