Perpetual Income & Growth Investment Trust plc
Interim Management Statement
for the Three Months ended 31 December2009
Material Events
No material events, specifically in relation to the Company, occurred during
the period.
Dividends
On 19 November 2009, Directors declared the first interim dividend for the year
ending 31 March 2010 of 3.4p per Ordinary Share. The interim dividend was paid
on 29 December 2009 to Ordinary Shareholders on the register on 11 December
2009.
Performance - Total Return
3 Months 1 Year 3 Years 5 Years
Share Price 5.1% 10.4% -6.2% 28.1%
Net Asset Value 4.9% 18.5% -5.9% 38.3%
FTSE All-Share Index 5.5% 30.1% -4.0% 36.8%
Source: Fundamental Data
Share Price and Discount
For the Three Months Ended 31 Dec 2009
As at 31 Dec 2009 High Low Average
Ordinary shares mid- 210.00p 213.60p 196.20p 204.80p
market price (pence)
Discount -7.8%
Subscription shares 27.25p 32.00p 23.50p 28.80p
mid-market price
(pence)
Source: Datastream
Assets and Gearing
31 Dec 2009 30 Sep 2009 Change
Total Gross Assets (£m) 581.2 541.6 7.3%
of which cash (£m) - -
Borrowings (£m) 102.6 79.1
Cum income Net Asset Value - diluted 227.9 *220.2 3.5%
(pence)
Actual Gearing 121 117
Asset Gearing 121 117
*- ex dividend
`Actual Gearing' reflects loans drawn down, whereas `Asset Gearing' reflects
the amount of loans invested in the portfolio. A figure of 100 means that the
Trust has no gearing.
Sector Breakdown of Portfolio
31 Dec 2009 30 Sep 2009
Consumer Goods 20.2% 14.4%
Utilities 16.8% 16.5%
Industrials 14.1% 12.5%
Health Care 13.5% 13.1%
Telecommunications 9.6% 9.7%
Financials 8.6% 10.1%
Oil & Gas 8.0% 9.0%
Consumer Services 6.9% 11.6%
Technology 1.4% 1.6%
Basic Materials 0.9% 1.5%
Top Ten Holding
Ranking Investment % of Bought/Sold Ranking at
Portfolio
Now in Period 30 Sep 2008
1 Reynolds American 5.7% - 4
(US Common Stock)
2 Imperial Tobacco 5.3% - 1
3 BG 5.0% - 2
4 AstraZeneca 4.9% - 3
5 British American 4.9% B 6
Tobacco
6 GlaxoSmithKline 4.9% B 7
7 Vodafone 4.8% - 5
8 Tesco 4.1% - 8
9 BT 3.8% - 9
10 National Grid 3.3% - 12
All Ordinary shares unless otherwise stated.
Changes to Share Capital
Ordinary Shares of 10p Subscription
each
Shares
Issued Treasury
As at 30 Sep 2009 210,051,017 - 17,682,432
Ordinary shares bought 0 0 n/a
back
Ordinary shares issued 0 0 n/a
Subscription shares 0 0
exercised
As at 31 Dec 2009 210,051,017 0 17,682,432
The Company has authority to buy back shares (for cancellation or into
treasury) and to issue new shares (disapplying pre-emption rights), in each
case within specified limits. The Company expects to renew these authorities
each year.
Administration
The Company's Ordinary shares are listed on the London Stock Exchange and the
price is published in the Financial Times under `Investment Companies' and in
the Daily Telegraph under `Investment Trusts'.
The Company's net asset value is calculated on a daily basis and can be viewed
on the London Stock Exchange website at www.londonstockexchange.com.
Further information can be obtained from Invesco Perpetual as follows:
Free Investor Helpline: 0800 085 8677
Internet address: www.invescoperpetual.co.uk/investmenttrusts
The information provided in this statement should not be considered as a
financial promotion.
Interim management statements are expected to be published in January and July
each year.
For and on behalf of
Invesco Asset Management Limited
18 January 2010
Registered Office
30 Finsbury Square, London, EC2A 1AG
Telephone: 020 7065 4000
Facsimile: 020 7065 3166
Registered in England No 3156676
An Investment Company under Section 833
of the Companies Act 2006