Murray Income Trust PLC

To achieve a high and growing income combined with capital growth through investment in a portfolio principally of UK equities.

Morningstar rating:

An investment trust founded in 1923 aiming for high and growing income with capital growth.

Daily prices as of {{asOfDate}}

Key literature

Latest Factsheet

Annual Report

Half year report webcast by Charles Luke for the six months to end 31 Dec 18play_circle_outline Interim Report

Statement of Corporate Governance

Savings Plan/ISA Brochure

AGM – Manager’s Presentation

Edison Research Note January 2019

Latest Notice of AGM

Key people

Charles Luke

Investment Director

Charles Luke is an Investment Director on the UK and European equities team having joined Aberdeen in 2000. Charles started his career at Framlington Investment Management in 1998, covering UK equities.

Charles graduated with a BA in Economics and Japanese Studies from Leeds University and an MSc in Business and Economic History from the London School of Economics.

Iain Pyle

Investment Director

Iain has been an Investment Director in the UK Equities team for Aberdeen Standard Investments since 2015. He is the lead manager of Shires Income plc and is deputy manager for Aberdeen Standard Equity Income Trust plc. Within his role, he manages the UK Equity High Income Fund and the Bothwell UK Equity Income Fund and has sector responsibility for oil & gas and banks. Iain has been covering analyst for the pharmaceutical and healthcare sectors. He is also a member of the Pan-European fund management team. Prior to joining Standard Life Investments, Iain was a Vice President on the number one ranked European Oil & Gas research team at Sanford Bernstein from 2007. He also worked as a management consultant at PwC. Iain holds an MSc, Masters in Chemical Engineering, ACA, CFA and is a qualified accountant.

Charles Luke

Investment Director
Charles Luke is an Investment Director on the UK and European equities team having joined Aberdeen in 2000. Charles started his career at Framlington Investment Management in 1998, covering UK equities.

Charles graduated with a BA in Economics and Japanese Studies from Leeds University and an MSc in Business and Economic History from the London School of Economics.
Iain Pyle

Investment Director
Iain has been an Investment Director in the UK Equities team for Aberdeen Standard Investments since 2015. He is the lead manager of Shires Income plc and is deputy manager for Aberdeen Standard Equity Income Trust plc. Within his role, he manages the UK Equity High Income Fund and the Bothwell UK Equity Income Fund and has sector responsibility for oil & gas and banks. Iain has been covering analyst for the pharmaceutical and healthcare sectors. He is also a member of the Pan-European fund management team. Prior to joining Standard Life Investments, Iain was a Vice President on the number one ranked European Oil & Gas research team at Sanford Bernstein from 2007. He also worked as a management consultant at PwC. Iain holds an MSc, Masters in Chemical Engineering, ACA, CFA and is a qualified accountant.

Neil Rogan

Chairman

Neil was appointed a Director on 26 November 2013 and became Chairman on 6 November 2017.

He is former Head of the Global Equities Team at both Gartmore and Henderson and former Head of International Equities, as well as a former member of the Investment Division Executive Committee, at Gartmore. He has previously managed Fleming Far Eastern Investment Trust and, while at Touche Remnant, he worked on TR Pacific Basin Investment Trust, TR Technology Trust and Bankers Investment Trust.

Donald Cameron

Non-Executive Director

Donald Cameron was appointed a Director in September 2012. He qualified at the Bar of England and Wales in 2002. Having transferred to the Faculty of Advocates, he was called to the Scottish Bar in 2005, and now practises as an Advocate in Scotland. He is a non-executive director of Edinburgh Worldwide Investment Trust plc.

Stephanie Eastment

Chairman of Audit Committee

Stephanie was appointed a Director on 2 August 2018. Just prior to this she retired from being Head of Specialist Funds Company Secretariat and Accounts at Invesco Perpetual, where she had worked since 1996 specialising in the asset management industry with particular focus on investment trusts. Her career spans over 30 years working in financial services including roles at UBS, Wardley Investment Services International and KPMG. She is a Fellow of the Institute of Chartered Accountants in England and Wales, a Fellow of the Institute of Chartered Secretaries and Administrators and a member of the Technical Committee of the Association of Investment Companies.

Jean Park

Senior Independent Director

Appointed a Director on 2 July 2012 and Chairman of the Audit Committee on 25 October 2013, Jean is an independent non-executive director of Admiral Group plc and NHBC. She was formerly Group Chief Risk Officer at Phoenix Group until June 2013 and previously Risk Management Director of the Insurance and Investments Division of Lloyds TSB and Head of Compliance and Audit at Scottish Widows.

Peter Tait

Non-Executive Director

Peter was appointed as a Director in November 2017, having recently retired from the Nestlé Group where he was initially Head of Investments for the Nestlé UK Pension Fund and then CEO & CIO of Nestlé Capital Management. Prior to Nestlé he worked for many years in the investment management industry managing portfolios for investment trusts, pension funds and charitable foundations.

During that time he was a Managing Director at BlackRock International and, before that, a Director of Dunedin Fund Managers and a portfolio analyst at Scottish Widows Life Assurance Fund. Prior to working as an investment manager, Peter worked for five years as an economist in the agricultural industry.

Neil Rogan

Chairman
Neil was appointed a Director on 26 November 2013 and became Chairman on 6 November 2017.

He is former Head of the Global Equities Team at both Gartmore and Henderson and former Head of International Equities, as well as a former member of the Investment Division Executive Committee, at Gartmore. He has previously managed Fleming Far Eastern Investment Trust and, while at Touche Remnant, he worked on TR Pacific Basin Investment Trust, TR Technology Trust and Bankers Investment Trust.
Donald Cameron

Non-Executive Director
Donald Cameron was appointed a Director in September 2012. He qualified at the Bar of England and Wales in 2002. Having transferred to the Faculty of Advocates, he was called to the Scottish Bar in 2005, and now practises as an Advocate in Scotland. He is a non-executive director of Edinburgh Worldwide Investment Trust plc.
Stephanie Eastment

Chairman of Audit Committee
Stephanie was appointed a Director on 2 August 2018. Just prior to this she retired from being Head of Specialist Funds Company Secretariat and Accounts at Invesco Perpetual, where she had worked since 1996 specialising in the asset management industry with particular focus on investment trusts. Her career spans over 30 years working in financial services including roles at UBS, Wardley Investment Services International and KPMG. She is a Fellow of the Institute of Chartered Accountants in England and Wales, a Fellow of the Institute of Chartered Secretaries and Administrators and a member of the Technical Committee of the Association of Investment Companies.
Jean Park

Senior Independent Director
Appointed a Director on 2 July 2012 and Chairman of the Audit Committee on 25 October 2013, Jean is an independent non-executive director of Admiral Group plc and NHBC. She was formerly Group Chief Risk Officer at Phoenix Group until June 2013 and previously Risk Management Director of the Insurance and Investments Division of Lloyds TSB and Head of Compliance and Audit at Scottish Widows.
Peter Tait

Non-Executive Director
Peter was appointed as a Director in November 2017, having recently retired from the Nestlé Group where he was initially Head of Investments for the Nestlé UK Pension Fund and then CEO & CIO of Nestlé Capital Management. Prior to Nestlé he worked for many years in the investment management industry managing portfolios for investment trusts, pension funds and charitable foundations.

During that time he was a Managing Director at BlackRock International and, before that, a Director of Dunedin Fund Managers and a portfolio analyst at Scottish Widows Life Assurance Fund. Prior to working as an investment manager, Peter worked for five years as an economist in the agricultural industry.

Financial calendar

Event	Date
Year End	30 June
Accounts Published	September
Annual General Meeting	November
Dividend Paid	January, April, July, October

Trust details

Murray Income Trust PLC

Registered Office:
1 George Street,
Edinburgh
EH2 2LL

Registered in Scotland as an Investment Company Number SC12725

Launch Date: June 1923

Risk Warning

Risk warning
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Investors should review the relevant Key Information Document (KID) brochure prior to making an investment decision.
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