Murray Income Trust AGM 5 Nov 2019  

This blog gives you the latest topical news plus some informal comments on them from ShareSoc’s directors and other contributors. These are the personal comments of the authors and not necessarily the considered views of ShareSoc. The writers may hold shares in the companies mentioned. You can add your own comments on the blog posts, but note that ShareSoc reserves the right to remove or edit comments where they are inappropriate or defamatory.

Murray Income Trust have launched a campaign trying to encourage shareholders, existing and new, to meet their fund manager and directors at their forthcoming AGM.

 ShareSoc are great believers in making AGMs as useful as possible. The Murray Income Trust campaign is welcomed by ShareSoc.

 So, I am happy in this blog to give a plug for this AGM and also for their bright idea for their shareholders to bring a friend and have a free lunch.


After your free lunch you can attend the FRC meeting in the afternoon, see .

 The Directors of Murray Income Trust include my golfing acquaintance Neil Rogan, who is the Chairman and Merryn Somerset Webb who writes an excellent column in the FT.

The performance data is solid and the fees, taken from the AIC site are shown below.


The AIC ongoing charge is 0.61%, see

Management agreement

The managers are entitled to receive a fee p.a. of 0.55% on the first GBP 350m, 0.45% from GBP 350m to GBP 450m of net assets and 0.25% on net assets in excess of GBP 450m, calculated and paid monthly. Agreement may be terminated by either party on 3 months’ notice. A secretarial fee of GBP 75,000 p.a. is also payable, which is chargeable 100% to revenue.

Disclaimer: I do not own shares in Murray Income Trust, at the time of writing.

Cliff Weight, Director, ShareSoc

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