Schroder Income Growth Fund PLC (SCF) has announced the purchase of 19,323 of its own ordinary shares on 3 November 2026 at a price of 364.48248202 pence per share, with the shares to be held in treasury. The transaction reduces the total number of voting rights in the company to 64,319,407, a figure that is material for shareholders calculating their disclosure obligations under FCA rules. The buyback forms part of the investment trust's ongoing capital management activity and updates the denominator figure required under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Key Points

  • Schroder Income Growth Fund PLC (SCF) is a UK-listed investment trust managed by Schroder Investment Management Limited
  • The company purchased 19,323 ordinary shares at 364.48248202 pence per share on 3 November 2026, to be held in treasury
  • Total shares in treasury now stand at 5,143,936; total voting rights are 64,319,407 out of 69,463,343 issued ordinary shares
  • Investors and shareholders should note the updated voting rights denominator for FCA disclosure calculations

SCF Purchases 19,323 Ordinary Shares at 364.48p on 3 November 2026

Schroder Income Growth Fund PLC confirmed that on 3 November 2026 it acquired 19,323 of its own ordinary shares at a price of 364.48248202 pence per share. These shares will be held in treasury rather than cancelled, which is a common approach among investment trusts seeking to manage their share capital while retaining the option to reissue shares at a later date. The transaction was disclosed via the London Stock Exchange's Regulatory News Service, fulfilling the company's obligations to keep the market informed of changes to its share capital structure. Schroder Investment Management Limited serves as the company's manager and enquiries contact.

Treasury Holdings Rise to 5,143,936 Shares as Voting Rights Denominator Is Updated

Following the buyback, Schroder Income Growth Fund's total issued share capital stands at 69,463,343 ordinary shares of 10 pence each. Of these, 5,143,936 shares are now held in treasury, leaving a total of 64,319,407 voting rights in the company. This updated voting rights figure is significant for existing and prospective shareholders, as it serves as the denominator required under the FCA's Disclosure Guidance and Transparency Rules to determine whether a shareholder must notify the company of a notifiable interest or a change in their holding. Shareholders are advised to use 64,319,407 as the current reference figure for such calculations.

Investment Trust Share Buybacks and Their Role in Capital Management for SCF

Schroder Income Growth Fund is a UK-listed investment trust with an income-focused mandate, aiming to provide shareholders with a growing dividend from a diversified portfolio of UK equities. Investment trusts such as SCF frequently utilise share buybacks as a tool to manage discounts to net asset value, returning capital to shareholders while supporting the market price of their shares. Holding repurchased shares in treasury, rather than cancelling them outright, preserves operational flexibility. Investors may be watching whether continued buyback activity reflects the board's view on the prevailing discount level relative to the fund's underlying net asset value.