24 Sep 2024 14:45
Murray Income Trust PLC
Legal Entity Identifier (LEI): 549300IRNFGVQIQHUI13
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24 September 2024
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Online Presentation - Thursday 17 October 2024
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Murray Income Trust PLC (the "Company") is pleased to announce an online presentation (the "Presentation") for existing and potential shareholders on Thursday 17 October 2024 from 11am to 12 Noon.
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Registration for this event may be found here: https://www.workcast.com/register?cpak=2116517732243511
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The Presentation will begin with an introduction by the Chair, followed by an address from the lead portfolio manager, Charles Luke.
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Should you have any questions on the Company, please raise them when registering or by sending an email, in advance, to murray.income@abrdn.com. Participants will also have the opportunity to raise questions during the Presentation. The Board and/or Manager will endeavour to answer all questions submitted but please note that, due to time constraints, this may not be possible.
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For further information, please contact:
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Stuart Reid
abrdn Holdings Limited
Secretaries
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Email: cef.cosec@abrdn.com
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About the Company
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Murray Income Trust PLC, established in 1923, is an investment trust aiming for a high and growing income with capital growth through investment in a portfolio principally composed of UK equities. Managed by abrdn, a leading global asset management company, the Company has a market cap approaching Β£1 billion, is listed on the London Stock Exchange and is a member of the FTSE 250 Index.
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The Company is recognised as a 'Dividend Hero' by the Association of Investment Companies, boasting a 51-year track record of annual dividend increases, making it an attractive choice for risk-averse income seekers. The Manager's investment process prioritises quality characteristics, targeting exceptional companies by thoroughly evaluating their management, finances, and business models first-hand. This rigorous approach aims to build a portfolio capable of delivering a high and growing income, with dividends paid quarterly.
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The Manager employs a '3D' investment approach - dependable, diversified, and differentiated - to identify high-quality large-cap companies with robust earnings potential, as well as small and mid-cap companies with strong growth prospects. The ability to invest up to 20% of the portfolio in overseas-listed companies provides differentiation from peers.
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The Board of the Company and the Manager believe that investment in the UK equity income sector offers a compelling opportunity, with investors increasingly recognising that dividends are a key driver of long-term total equity returns. Many areas of the UK market have seen dividends rebased and pay-out ratios remain modest, providing a strong foundation for dividend growth. The Manager's focus on quality companies gives investors access to predominantly global businesses capable of delivering appealing long-term earnings and dividend growth.
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For more information, or to sign up for regular updates from the Company, please visit: www.murray-income.co.uk.
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END
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