Murray Income Trust PLC

Murray Income Trust PLC is a closed-end investment trust established in 1923, designed to deliver a high and growing income alongside capital growth through a portfolio primarily invested in UK equities. It targets dividend-paying growth stocks of large-cap companies across diversified sectors such as financial services, industrials, consumer defensive, healthcare, and utilities, with top holdings including AstraZeneca PLC, National Grid PLC, and RELX PLC. The trust emphasizes companies with strong cash flows, sound balance sheets, and potential for real earnings and dividend growth, while maintaining an above-average portfolio yield. It benchmarks performance against the FTSE All-Share Index, employs modest gearing around 10%, and allows up to 20% in non-UK equities for flexibility. Following a strategic review announced in 2025, it transitioned to management by Artemis Fund Managers' UK equity income team in early 2026, upholding its 52-year record of progressive dividends. With net assets around £1 billion and a focus on long-term value creation, Murray Income Trust PLC serves as a core holding for income-oriented investors seeking diversified exposure to quality UK stocks in the investment trust market.