Title: 242397739.pdf URL Source: https://documentscdn.financialexpress.net/Literature/F3539E90DCD8DFB1A9C0D2929A63675B/242397739.pdf Number of Pages: 4 Markdown Content: Ordinary shares Ticker MUT LN ISIN GB0006111123 # Murray Income Trust plc Marketing communication Factsheet 30 April 2026 # An investment trust founded in 1923 aiming for high and growing income with capital growth Run by a seasoned team using an investment approach that has been honed over the past 25 years Seeks companies that can generate high levels of cash from their operations and pay reliable dividends Conservative use of gearing, or borrowing additional capital to invest, aims to enhance long-term returns ## Objective To achieve a high and growing income combined with capital growth through investment in a portfolio principally of UK equities. For the full investment policy and investment strategy, visit murray-income.co.uk This trust is actively managed. Past performance is not a guide to the future. Your capital is at risk. Performance track record (%) Artemis was appointed as investment manager on 2 March 2026 > nNAV per share > nShare price > nFTSE All-Share Index TR -- Artemis appointed as manager Annualised returns (%) 3y 5y 10y 6.2 6.0 7.7 7.0 5.2 8.1 13.1 10.8 8.8 Cumulative returns (%) Since 1m 3m 1y 3y 5y 10y appointed > n NAV per share 4.2 0.8 14.5 19.9 33.9 110.5 -5.7 > n Share price 5.8 1.8 17.1 22.5 29.0 118.4 -5.6 > n Benchmark 2.8 2.1 25.2 44.7 66.9 133.5 -4.1 12-month returns to 31 March (%) 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 NAV 9.0 2.0 7.8 1.4 11.4 25.3 -10.7 10.8 -2.5 24.0 Share price 11.9 3.7 2.4 0.4 7.8 27.0 -6.8 11.0 1.2 23.6 Benchmark 21.5 10.5 8.4 2.9 13.0 26.7 -18.5 6.4 1.2 22.0 Calendar year returns (%) 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 NAV 14.7 2.2 9.0 -6.0 18.8 -5.3 28.1 -7.4 11.6 16.4 Share price 16.9 -1.2 7.3 -4.1 14.1 -2.4 28.3 -4.6 14.9 12.8 Benchmark 24.0 9.5 7.9 0.3 18.3 -9.8 19.2 -9.5 13.1 16.8 Source: Lipper Limited/Artemis from 30 April 2016 to 30 April 2026. Performance data since appointment is from 2 March 2026. NAV figures show total returns with dividends reinvested, net of all charges. Performance does not take account of any costs incurred when investors buy or sell the trust. Market volatility risk The net asset value of the trust, and the income it receives from its investments, can rise and fall because of movements in stockmarkets, currencies and interest rates, each of which can move irrationally and be affected unpredictably by diverse factors, including political and economic events. See Page 3 for further risk considerations. > 2018 2020 2022 2024 2026 050 100 150 Benchmark: FTSE All-Share Index A widely-used indicator of the performance of the UK stockmarket, in which the trust invests. It acts as a ‘comparator benchmark’ against which the trust’s performance can be compared. Management of the trust is not restricted by this benchmark. The deviation from the benchmark may be significant and the portfolio, performance and volatility of the trust may at times bear little or no resemblance to its benchmark. Dividend yield ## 4.3% Source: Artemis as at 30 Apr 2026. For full details and dividend history, please see page 2. ## Investment team Andy Marsh Fund manager Nick Shenton Fund manager Adrian Frost Fund manager Jamie Lindsay Analyst Ordinary shares Share price 934.00p NAV 1,006.45p Cum-income, debt at fair value Shares in issue 93,763,684 Base currency GBP OCF* 0.48% Net cash/(Gearing) (7.5)% Net cash/(Gearing) (8.0)% with debt at market value Source: Artemis as at 30 April 2026. Net gearing is defined as a percentage, with net debt (total debt less cash/cash equivalents) divided by shareholders’ funds. *Expressed as a percentage of average daily net assets for the year ended 30 June 2025. The Ongoing Charges Figure (OCF) is the overall cost shown as a percentage of the value of the assets of the Company. It is made up of the Annual Management Fee and other ongoing operating expenses. It does not include any costs associated with buying shares in the Company or the cost of buying and selling stocks within the Company because these costs are already reflected in the share price performance and/or the Company’s net asset value (NAV), as applicable. Further relevant information is disclosed in the Company’s annual report. Total assets ## £943.7m Managed by Artemis since ## 2 Mar 2026 Premium/(Discount) ## (7.2)% Portfolio ## Sector breakdown (%) Financials 34.7 Consumer Discretionary 20.4 Consumer Staples 14.0 Health Care 11.0 Industrials 7.8 Energy 7.1 Real Estate 4.5 Technology 4.2 Basic Materials 2.8 Utilities 1.7 ## Market cap breakdown (%) n Large 94.5 n Mid 13.2 n Small 0.6 ## Top 10 holdings (%) Tesco 4.8 Lloyds Banking Group 4.8 NatWest Group 4.6 BP 4.6 Aviva 4.5 GSK 4.5 Barclays 4.1 Imperial Brands 3.9 Pearson 3.9 Informa 3.8 Total number of holdings 45 Source: Artemis as at 30 April 2026. Figures may not add up to 100% due to gearing, cash and derivative holdings. Visit artemisfunds.com/glossary for an explanation of investment terms. Factsheet 30 April 2026 Murray Income Trust plc Ordinary shares Page 2/4 Third party endorsements are not a recommendation to buy. Ratings shown are using the most recent data. For sources, dates and other information, visit www.artemisfunds.com/endorsements # Ratings Dividend frequency Quarterly Pay dates Mar, Jun, Sep, Dec Year end 30 Jun # Yield Dividend yield 4.3% Source: Artemis as at 30 April 2026. This yield is not an indicator of the future performance of the trust. The dividend yield quoted is historical. It is based on dividends paid by the trust in the previous 12 months as a percentage of the share price. It does not include any preliminary charges and investors may be subject to tax on distributions. Although the trust aims to pay a high and growing income, the payment of any dividend and its level, is not guaranteed. The dividend yield is not an indicator of the future performance of the trust. Total dividend - last five trust financial years (pence per share) > n2nd Interim n3rd Interim n1st Interim n4th Interim > 19.00 40.00 38.50 37.50 36.00 2025 / 26 2024 / 25 2023 / 24 2022 / 23 2021 / 22 10 20 30 40 50 2025/2026 Record date Ex-dividend date Payment date Dividend 2nd interim 13 Feb 2026 12 Feb 2026 12 Mar 2026 9.5000p 1st interim 14 Nov 2025 13 Nov 2025 11 Dec 2025 9.5000p 2024/2025 Record date Ex-dividend date Payment date Dividend 4th interim 15 Aug 2025 14 Aug 2025 11 Sep 2025 11.5000p 3rd interim 16 May 2025 15 May 2025 12 Jun 2025 9.5000p 2nd interim 14 Feb 2025 13 Feb 2025 13 Mar 2025 9.5000p 1st interim 15 Nov 2024 14 Nov 2024 12 Dec 2024 9.5000p 2023/2024 Record date Ex-dividend date Payment date Dividend 4th interim 16 Aug 2024 15 Aug 2024 12 Sep 2024 10.0000p 3rd interim 17 May 2024 16 May 2024 13 Jun 2024 9.5000p 2nd interim 16 Feb 2024 15 Feb 2024 14 Mar 2024 9.5000p 1st interim 17 Nov 2023 16 Nov 2023 14 Dec 2023 9.5000p 2022/2023 Record date Ex-dividend date Payment date Dividend 4th interim 18 Aug 2023 17 Aug 2023 14 Sep 2023 12.7500p 3rd interim 19 May 2023 18 May 2023 15 Jun 2023 8.2500p Source: Artemis. Dividend is per share. # Dividend history Factsheet 30 April 2026 Murray Income Trust plc Ordinary shares Page 3/4 Market volatility risk The net asset value of the trust, and the income it receives from its investments, can rise and fall because of movements in stockmarkets, currencies and interest rates, each of which can move irrationally and be affected unpredictably by diverse factors, including political and economic events. Currency hedging risk The trust hedges with the aim of protecting against unwanted changes in foreign exchange rates. The trust is still subject to market risks, may not be completely protected from all currency fluctuations and may not be fully hedged at all times. The transaction costs of hedging may also negatively impact the trust’s returns. Gearing risk The trust may borrow to finance further investment (gearing). The use of gearing is likely to lead to volatility in the net asset value meaning that any movement in the value of the trust’s assets will result in a magnified movement in the net asset value. Income risk Although the trust aims to pay a high and growing income, the payment of any dividend, and its level, is not guaranteed. Premium/discount risk Investment trust shares tend to trade at discounts to their underlying net asset values, although they can also trade at a premium. Discounts and premiums can fluctuate considerably leading to more volatile returns for shareholders. There is no guarantee that the market price of the trust's shares will fully reflect their underlying net asset value. Market spread risk As with all stock exchange investments, the prices at which shares can be purchased and sold can be different, this is called the bid-offer spread. The bid-offer spread can widen when trading volumes are lower or when there is increased market volatility. # Risk considerations To ensure you understand whether the trust is suitable for you, please read the Pre-Investor Disclosure Document, Articles of Association or Key Information Document (KID) which are available from murray-income.co.uk or fundinfo.com Registered office Murray Income Trust PLC 6th Floor, Exchange Plaza 50 Lothian Road Edinburgh EH3 9BY Company number SC12725 Registered in Scotland Registrars MUFG Corporate Markets 10th Floor 29 Wellington Street Leeds LS1 4DL Contact mut@nsm.group Directors Peter Tait (Chair), Stephanie Eastment, Nandita Sahgal Tully, Angus Franklin and Andrew Page # Corporate information Year end 30 Jun AGM date October Page 4/4 Factsheet 30 April 2026 Murray Income Trust plc Ordinary shares This is a marketing communication. Before making any final investment decisions, and to understand the investment risks involved, refer to the Pre-Investor Disclosure Document, Articles of Association and KID, available in English, from the relevant fund page or literature section on www.murray-income.co.uk . The documents can also be found on www.fundinfo.com .Artemis does not provide investment advice on the advantages or suitability of its products and no information provided should be viewed in this way. Artemis only provides information about its own products and services and does not advise investors. Should you be unsure about the suitability of an investment, you should consult a suitably qualified professional adviser. Investment in a trust concerns the acquisition of shares in the trust and not in the underlying assets of the trust. Reference to specific shares or companies should not be taken as advice or a recommendation to invest in them. Third parties (including FTSE, Russell, MSCI and Refinitiv) whose data may be included in this document do not accept any liability for errors or omissions. For information, visit www.artemisfunds.com/resources/third-party-data Any research and analysis in this communication has been obtained by Artemis for its own use. Although this communication is based on sources of information that Artemis believes to be reliable, no guarantee is given as to its accuracy or completeness. Any forward-looking statements are based on Artemis’ current expectations and projections and are subject to change without notice. Financial advisers and retail investors: The company currently conducts its affairs so that the shares in issue can be recommended by financial advisers to ordinary retail investors in accordance with the Financial Conduct Authority’s (FCA’s) rules in relation to non-mainstream investment products and intends to do so for the foreseeable future. The shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are shares in an investment trust. Visit www.artemisfunds.com/resources/glossary-of-terms for an explanation of investment terms. Issued by Artemis Fund Managers Ltd which is authorised and regulated by the Financial Conduct Authority. # Other information Premium/discount to share price The premium/discount to share price is the difference between the share price and the underlying value of an investment trust. Dividend A dividend is the amount, usually expressed on a per-share basis, that a company pays to its shareholders from after-tax earnings. Ex-dividend date The ex-dividend date, also known as the XD date, is the date on which any dividend to be paid is taken out of the value of a fund or company's shares, thereby reflecting that payment in the value of the share. Gearing Gearing is the measure of a company's level of long-term debt (or borrowing) compared to its equity capital, often expressed as a percentage. It is a measure of a company’s financial leverage and indicates the extent to which its operations are funded by lenders versus shareholders. Investment trust An investment trust is a publicly-quoted company that invests its shareholders' monies in the shares of other companies. An investment trust is a collective investment scheme, but has a fixed number of shares. Net asset value (NAV) Net asset value is the total value of a company, measured by taking the total value of its assets, less its liabilities. The net asset value per share, is calculated by dividing the resulting number by the number of shares in issue. This term is used to describe the underlying value of a trust’s shares. Pay date The pay date is the date on which a dividend is paid to shareholders. Share price A share price is the price of a particular company's shares at a particular time, as determined by the stock market. # Glossary