Murray Income Trust P.l.c. - MUT- Profile

Murray Income Trust P.L.C.. The Company's principal activity is that of an Investment Trust Company. The objective of the Company is to achieve a high and growing income combined with capital growth through investment in a portfolio of United Kingdom equities. The Company is an Investment Company within the meaning of Part VIII of the Companies Act 1985. The Company has been approved by the HM Revenue & Customs as an Investment Trust for the purposes of Section 842 of the Income and Corporation Taxes Act 1988 for the year ended 30-Jun-2005.Investment management services are provided by Aberdeen Asset Managers Ltd for a monthly fee calculated at the rate of one twelfth of 0.55% on the first £400 million of net assets, 0.45% on the next £150 million of net assets and 0.25% on the excess over £550 million. The agreement is terminable by either party on the expiry of three months' written notice. Operates as an Investment Trust Company