Schroder Income Growth Fund PLC (SCF), a UK-listed investment trust managed by Schroder Investment Management Limited, has announced the purchase of 10,000 of its own ordinary shares at 367 pence per share on 2 November 2026, with the acquired shares to be held in treasury. The buyback reduces the total number of voting rights in the company to 64,338,730, a figure that shareholders must use when calculating disclosure obligations under FCA rules. For investors in the closed-ended income fund, the transaction updates the key denominator figure relevant to shareholding notification thresholds.

Key Points

  • Schroder Income Growth Fund PLC (SCF) — a UK-listed closed-ended investment trust
  • The company purchased 10,000 ordinary shares at 367 pence per share on 2 November 2026, to be held in treasury
  • Total treasury shares now stand at 5,124,613; total voting rights reduced to 64,338,730
  • Investors should monitor further buyback activity and any consequent changes to the voting rights denominator

SCF Purchases 10,000 Shares at 367p on 2 November 2026

Schroder Income Growth Fund PLC confirmed in its company update that it acquired 10,000 ordinary shares of 10 pence each at a price of 367 pence per share on 2 November 2026. The shares will be held in treasury rather than cancelled, a mechanism commonly used by investment trusts to manage discounts to net asset value. The fund is managed by Schroder Investment Management Limited, one of the UK's largest active asset managers, and focuses on delivering income growth for shareholders through a diversified portfolio of predominantly UK equities.

Treasury Holding Reaches 5,124,613 Shares Following Latest Transaction

Following the buyback, the total number of shares held in treasury by Schroder Income Growth Fund has risen to 5,124,613. The company's total issued share capital stands at 69,463,343 ordinary shares. Treasury shares do not carry voting rights, which is why the total number of voting rights in the company now sits at 64,338,730 — the difference between total issued shares and those held in treasury. This distinction is material for shareholders who are tracking their proportional interests in the fund relative to the active voting share base.

FCA Disclosure Rules: 64,338,730 Voting Rights Is the Current Denominator for Shareholders

The announcement explicitly notes that the figure of 64,338,730 voting rights should be used by shareholders as the denominator when determining whether they are required to notify the company or the FCA of an interest, or a change in interest, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. Any shareholder whose holding crosses a relevant threshold relative to this figure may be obliged to file a notification. Investors holding positions in SCF should review this updated figure against their own holdings to ensure compliance with applicable disclosure requirements.

Ongoing Buyback Activity Reflects SCF's Approach to Discount Management

Investment trusts such as Schroder Income Growth Fund regularly conduct share buybacks as part of their discount management toolkit. By purchasing shares in the open market and holding them in treasury, the fund can potentially narrow any gap between its share price and net asset value, benefiting remaining shareholders. The frequency and scale of such transactions are therefore closely watched by investors as an indicator of how actively the board is managing capital. Shareholders may continue to monitor RNS announcements from SCF for further buyback disclosures.