Schroder Income Growth Fund plc (SCF) has announced the purchase of 25,000 of its own ordinary shares at 362 pence per share on 30 October 2026, with the shares to be held in treasury. The transaction reduces the number of voting rights in the company to 64,348,730, a figure shareholders must now use as the denominator when calculating disclosure obligations under FCA rules. The buyback forms part of the investment trust's capital management activity and will be of interest to investors monitoring the fund's discount management strategy.

Key Points

  • Schroder Income Growth Fund plc (SCF)
  • The company purchased 25,000 ordinary shares at 362 pence per share on 30 October 2026, to be held in treasury
  • Total treasury shares now stand at 5,114,613; total voting rights reduced to 64,348,730 out of 69,463,343 issued ordinary shares
  • Investors should watch for further buyback activity and any changes to the fund's discount or net asset value relative to the 362p repurchase price

SCF Repurchases 25,000 Shares at 362p on 30 October 2026

Schroder Income Growth Fund plc confirmed on 30 October 2026 that it had bought back 25,000 ordinary shares of 10 pence each at a price of 362 pence per share. The shares will be held in treasury rather than cancelled, a common approach used by investment trusts to provide flexibility for potential reissuance at a later date. Schroder Income Growth Fund is a UK-listed investment trust managed by Schroder Investment Management Limited, focused on delivering income growth for shareholders through a diversified portfolio of UK equities.

Treasury Holding Rises to 5,114,613 Shares Following the Transaction

Following the 30 October purchase, the total number of shares held in treasury by Schroder Income Growth Fund has risen to 5,114,613. The company's total issued share capital remains at 69,463,343 ordinary shares, meaning treasury shares now represent a meaningful portion of the overall issued capital. Buybacks of this nature are typically employed by investment trusts to help manage any discount between the market price and net asset value, potentially supporting the share price and returning value to continuing shareholders over time.

Voting Rights Denominator Updated to 64,348,730 for FCA Disclosure Purposes

As a result of the transaction, the total number of voting rights in Schroder Income Growth Fund stands at 64,348,730. Under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, shareholders are required to use this figure as the denominator when assessing whether they must notify the company of a notifiable interest or a change in their existing holding. The announcement specifically highlights this figure to assist shareholders in meeting their regulatory obligations, a standard requirement following any change to a company's voting share capital.

Schroder Investment Management Oversees the Fund's Ongoing Capital Activity

Schroder Income Growth Fund is managed by Schroder Investment Management Limited, contactable via its London offices. The fund's income-focused mandate targets UK equity income investors seeking regular and growing distributions. Investors may be watching whether the current pace of treasury share purchases accelerates, and how the 362 pence repurchase price compares with the fund's underlying net asset value per share, which the company did not disclose in the announcement.