SCHRODER INCOME GROWTH FUND PLC

AGM Information • May 14, 2025

National Storage Mechanism | Additional information

RNS Number : 5346I

Schroder Income Growth Fund PLC

14 May 2025

14 May 2025  

Schroder Income Growth Fund plc

(the "Company")

Measures Taken to Enhance Shareholder Returns

Together with the half year results released today for Schoder Income Growth Fund plc, the Company announces a series of measures to enhance shareholder returns.

The Company aims to deliver excellent long-term performance to shareholders. In this respect, costs, the volatility of any discount to NAV, and the use of leverage to raise returns, and reserves to support dividend growth are all tools to boost shareholder outcomes.

• ​ Reduction in Investment management services fee and change in basis of calculation: This fee will be reduced from 0.45% to 0.40% with effect from 1 September 2025. Furthermore, such fees will be charged on the lesser of market capitalisation or NAV of the Company. In addition, the separate fee for secretarial and administration services will be eliminated. The positive effect of these moves, all other things being equal, will be an annual cost reduction of over £300,0001 (at an assumed prevailing 10% discount to NAV) or 0.4p per share. ​
• ​ Adopting an increasingly active attitude to managing the volatility and level of any discount of share price to NAV : The objective is to reduce the discount's volatility and look to maintain the discount to NAV within a single-digit range, in normal market conditions. The Board believes this best reflects the underlying strength of the portfolio and is in the shareholders' long-term interests.
• ​ Matt Bennison has been promoted to Co-Manager of the Company, bringing his experience to work alongside Sue Noffke, Head of UK Equities, effective immediately. Matt began his investment career at Schroders in 2012 and has worked with Sue since 2015 as part of the Schroders' UK Prime team. For eight years, since 30 September 2017, he has supported the Company's portfolio and that same year expanded his role to include fund management responsibilities, becoming co-manager of the Prime UK Equity strategy. The appointment reflects our commitment to strengthening the Company's investment management team and ensuring continuity in our strategy to deliver long-term value for shareholders.

.

1: Based on the market cap and NAV of the Company as at 12 May 2025.

Enquiries:

Natalia de Sousa (Company Secretary)	020 7658 6000
Kirsty Preston / Charlotte Banks (Press)	020 7658 6000

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDFLFVTEDIVLIE