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INVESCO INCOME GROWTH TRUST PLC - Interim Management Statement

July 21, 2014



Invesco Income Growth Trust plc Interim Management Statement for the Three Months ended 30 June 2014 Material Events No material events, specifically in relation to the Company, occurred during the three months to 30 June 2014. At the AGM held on 21 July 2014 all of the resolutions put to shareholders were passed. Dividends A final dividend of 3.65p per ordinary share was recommended in respect of the Company's financial year ended 31 March 2014, which is consistent with the Board's continuing objective of achieving a better balance between the three interim and the final dividends. Together with aggregate interim dividends paid of 6.2p, this gave a total dividend per share for the year of 9.85p (2013: 9.55p). The final dividend was approved by shareholders at the AGM on 21 July 2014 and will be paid on 24 July 2014 to shareholders on the register on 27 June 2014. Performance - Total Return 3 Months 1 Year 3 Years 5 Years Share Price 1.6% 17.6% 55.3% 127.7% Net Asset Value 2.7% 17.0% 55.2% 143.3% FTSE All-Share Index 2.2% 13.1% 29.2% 96.7% Source: Thomson Reuters Datastream Share Price and Discount At For the Three Months Ended 30 Jun 2014 30 Jun 2014 High Low Average Share Price (pence) 276.75 294.00 266.00 280.03 Discount 5.7% Source: Thomson Reuters Datastream Assets and Gearing 30 Jun 2014 Total Gross Assets (m) 184.6 Borrowings (m) 12.6 Cum Income Net Asset Value (pence) 293.6 Gross Gearing 7.4% Net Gearing 7.4% `Gross Gearing' reflects borrowings, whereas `Net Gearing' reflects the amount of net borrowings, i.e. borrowings less cash and cash equivalents in use by the Company. Both are expressed as a percentage of shareholders' funds. IndustryBreakdown of Portfolio 30 Jun 2014 Consumer Services 21.4% Industrials 16.7% Financials 13.2% Utilities 12.8% Health Care 11.4% Consumer Goods 11.1% Oil & Gas 9.6% Basic Materials 1.9% Telecommunications 1.9% Top Ten Holdings Ranking Top Ten Holdings at 30 Jun 2014 % of Portfolio 1 AstraZeneca 4.6% 2 Imperial Tobacco 4.0% 3 British American Tobacco 3.9% 4 GlaxoSmithKline 3.9% 5 BP 3.5% 6 HSBC 3.0% 7 Friends Life (ordinary shares and 2.8% 12% 21 May 2021 bonds) 8 Young & Co.'s Brewery (non-voting) 2.6% 9 Next 2.6% 10 Royal Dutch Shell (B shares) 2.5% * All Ordinary shares unless described otherwise Changes to Share Capital Ordinary Shares of 25p each Issued Treasury As at 31 March 2014 58,551,530 0 Shares bought back 0 0 Shares issued 0 0 As at 30 June 2014 58,551,530 0 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 at the Annual General Meeting each year. Administration The Company's Ordinary shares are listed on the London Stock Exchange and the price is published in The Financial Times, The Daily Telegraph and The Times. 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. For and on behalf of Invesco Asset Management Limited - Company Secretary



21 July 2014


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Source: PR Newswire (UK Disclosure)


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