Schroder Income Growth Fund PLC (SCF) has announced the purchase of 10,000 of its own ordinary shares at a price of 369 pence per share on 5 November 2026, with the acquired shares to be held in treasury. The buyback reduces the total number of voting rights in the fund to 64,309,407, a figure shareholders must use when calculating disclosure thresholds under FCA rules. For investors in this London-listed investment trust, the transaction signals ongoing capital management activity and updates the denominator required for regulatory interest notifications.

Key Points

  • Schroder Income Growth Fund PLC (SCF) is a UK-listed investment trust managed by Schroder Investment Management Limited
  • The company purchased 10,000 ordinary shares at 369 pence per share on 5 November 2026, to be held in treasury
  • Total voting rights now stand at 64,309,407; total treasury shares reach 5,153,936 following the transaction
  • Investors should monitor whether further buybacks are announced and track any changes to the voting rights denominator for FCA disclosure purposes

SCF Purchases 10,000 Shares at 369p on 5 November 2026

Schroder Income Growth Fund PLC confirmed on 5 November 2026 that it had bought back 10,000 of its ordinary shares in the market at a price of 369 pence per share. The shares are to be held in treasury rather than cancelled, a common approach for investment trusts managing their share capital. Each ordinary share carries a nominal value of 10 pence. The company is managed by Schroder Investment Management Limited, a division of the global asset management group Schroders, and focuses on delivering income growth for its shareholders through a diversified equity portfolio.

Treasury Share Total Rises to 5,153,936 Following the Latest Repurchase

Following completion of the buyback, Schroder Income Growth Fund's total issued share capital stands at 69,463,343 ordinary shares of 10 pence each. Of those, 5,153,936 shares are now held in treasury, meaning they carry no voting rights and are excluded from the voting rights count. The updated total number of voting rights in the company is 64,309,407. Treasury buybacks of this nature are regularly used by investment trusts to manage discounts to net asset value, though the company did not disclose the specific rationale for this particular transaction in the announcement.

Updated Voting Rights Denominator for FCA Disclosure Threshold Calculations

The announcement specifically highlights that the figure of 64,309,407 voting rights should be used by shareholders as the denominator when determining whether they are required to notify an interest, or a change in interest, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. This regulatory requirement applies to shareholders whose holdings cross specified percentage thresholds. Investors and institutional holders in SCF should update their internal calculations accordingly to ensure compliance with FCA notification obligations following this change to the company's capital structure.