RCS - Murray Inc Trust PLC - Edison issues update on Murray Income Trust (MUT)

Murray Income TrustAnnouncement

20/05/2022 07:15

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RNS Number : 1602M  Murray Income Trust PLC  20 May 2022

London, UK, 20 May 2022

 

Edison issues update on Murray Income Trust (MUT)

Murray Income Trust (MUT) invests mainly in UK equities and aims to provide a
high and growing income, combined with capital growth. Its quality bias has
resulted in underperformance during the recent rotation away from the quality
and growth stocks favoured by manager, Charles Luke. However, the trust's
long-term track record of outperformance of the market and its peers confirms
that Luke's approach pays off over time. Over the ten years to end March 2022,
MUT has generated an average annualised return of 8.1% on an NAV basis and
7.7% in share price terms, compared to a market return of 7.2%. The trust's
FY22 dividend is expected to be at least 34.75p, putting it on track to
deliver its 49th consecutive year of dividend growth. This represents a
prospective yield of 4.1%.

Investors seeking a regular, predictable and rising income may be attracted by
MUT's 48-year run of annual dividend growth, delivered via quarterly dividend
payments. Such investors may be further reassured by the trust's relatively
resilient dividend receipts and its capacity to use its reserves, if
necessary, to maintain its dividend growth record. MUT also offers a track
record of long-term outperformance and a well-diversified portfolio of
high-quality, growth-oriented stocks, including vibrant mid-caps. These
attributes may appeal to those wanting broad exposure to the UK market, at a
very competitive fee.

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About Edison: Edison is a leading research and investor relations consultancy,
connecting listed companies to the widest pool of global investors. By
focusing on the volume and quality of investors reached - across institutions,
family offices, wealth managers and retail investors - Edison can create and
gauge intent to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100
analysts covering every economic sector. Headquartered in London, Edison also
has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in
Athens, Johannesburg and Sydney.

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Edison is not an adviser or broker-dealer and does not provide investment
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For more information, please contact Edison:

Joanne Collins +44 (0)20 3077 5700 investmenttrusts@edisongroup.com

Sarah Godfrey +44 (0)20 3681 2519 investmenttrusts@edisongroup.com
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