Schroder Oriental Income Fund Limited (the "Company") hereby submits its Half Year Report for the six months ended 29 February 2024 as required by the Financial Conduct Authority's Disclosure Guidance and Transparency Rule 4.2.

Key highlights

• Strong NAV per share performance of the Company at 7.5% over the six months under review, considerably ahead of the MSCI AC Pacific ex Japan Index (the "Reference Index") return of 1.9%, with a share price total return of 5.6%.

• The Company has enjoyed significant outperformance of the wider markets in recent years and this latest period builds upon that. In the three-year period to 29 February 2024, the Company's NAV total return outperformed the Reference Index by 23.6%, testament to the fact that a skilful active management approach in Asia has the ability to deliver significant value to investors.

• Over the six-month period, we repurchased 5,670,000 shares at an average discount of 6.0%. Please be assured that we will continue to do so when we believe that it is in the best interests of shareholders.

• The Company has an 18-year track record of progressive and significant dividend growth having grown its dividend every year since launch. The Company is classed in the AIC's next generation of dividend heroes.

• During the period under review, two interim dividends have been declared totalling 7.8 pence per share (2023: 7.6 pence per share).

Paul Meader, Chairman of Schroder Oriental Income, commented:

"As we approach our 20th anniversary, it is worth reflecting that, since inception, a shareholder has received a total return of 489.0%, whereas a passive investment in the Reference Index would have generated 288.5%."

The Half Year Report is also being published in hard copy format and an electronic copy of that document will shortly be available to download from the Company's web pages: and can be viewed at

The Company has submitted a copy of its Half Year Report to the National Storage Mechanism and it will shortly be available for inspection at


Schroder Investment Management Limited

Augustine Chipungu (Press)

020 7658 2106

Matthew Riley

020 7658 6000


  • Original Link
  • Permalink


Schroders plc published this content on 23 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2024 08:54:05 UTC.