Murray Income Trust Commences Strategic Review
Why we think this is neutral
The RNS announcement is a general update on the company's strategic review, which does not fall into any of the mandatory news types. As a result, the sentiment is assessed as neutral.
Key Points
- The Board regularly evaluates the Company's performance, which for some time has been below the Board's expectations and has contributed to the persistent discount to NAV.
- The Board has recently undertaken a detailed review of performance, including engaging with its investment manager, Aberdeen, in order to better understand the factors behind the Company's underperformance.
- The Board welcomes proposals for the future of the Company from its current investment manager, alongside proposals from third party investment managers and other investment companies.
Summary
The investment company is undertaking a strategic review to explore options for improving performance and returns for shareholders.
Murray Income Trust PLC is commencing a strategic review of the options available to the Company in the pursuit of delivering improved performance and returns for its shareholders, whilst continuing to provide an attractive yield from a portfolio predominantly focused on UK equities. The Board has concluded that it is now appropriate to undertake this wider strategic review, and has appointed Investec Bank to assist.
GENERAL UPDATE