The £965 million Murray Income Trust plc, which on November 20 agreed to replace Aberdeen with Artemis Fund Managers as its new investment manager, said on Wednesday appointment of Artemis “remains conditional on, among other things, the execution of a new investment management agreement and related contractual documentation.”

Murray Income said: “As such, the date of transition remains subject to change.”

The fund said: “The board is finalising arrangements for the transition of its investment management function and currently expects that Artemis will assume responsibility for management of the company’s portfolio on, or around, 2 March 2026.

“The appointment of Artemis remains conditional on, among other things, the execution of a new investment management agreement and related contractual documentation. As such, the date of transition remains subject to change.

“The board is also pleased to announce that it intends to appoint NSM Funds (UK) Limited as the Company’s new Company Secretary. This appointment is expected to be effective alongside the appointment of Artemis. “