Interim Management Statement

RNS Number : 0263E

Schroder Income Growth Fund PLC

11 December 2009

 

SCHRODER INCOME GROWTH FUND PLC

Interim Management Statement for the Quarter ended 30 November 2009

The Board of Schroder Income Growth Fund Plc ("the Company") is pleased to announce its Interim Management Statement as required by the UK Listing Authority's Disclosure and Transparency Rules. This Statement is in respect of the period from 1 September 2009 to 30 November 2009. 

Investment Objective

The Company's principal investment objectives are to provide real growth of income, being growth of income in excess of the rate of inflation, and capital growth as a consequence of the rising income. 

First Interim Dividend for the year ended 31 August 2010

The Board has declared a first interim dividend of 1.60p net per share for the year ending 31 August 2010,  payable on 29 January 2010 to shareholders on the register on  29 December 2009. 

Annual General Meeting

The Annual General Meeting of the Company was held on 7 December 2009. All resolutions set out in the Notice of Meeting were duly passed.

Company Statistics as at 30 November 2009

Net Assets	£125.5 million
Net Asset Value per Ordinary Share (ex income)	181.04p
Share Price	170.75p
Discount	5.7%
Number of Portfolio Holdings	26

Source for all performance data: Fundamental Data.

Cumulative Performance* to 30 November 2009

Performance over	3mnths	6mnths	1yr	3yr	5yr
Share Price (Total Return)	5.7%	7.7%	20.2%	(7.7)%	26.7%
Net Asset Value (Total Return)	5.2%	15.4%	17.4%	(8.2)%	27.0%
FTSE All-Share Index (Total Return)	5.9%	19.7%	29.3%	(4.9)%	34.9%

Data Source: Fundamental Data.

 Portfolio Information as at 30 November 2009

Ten Largest Holdings 

Stock Name	Sector Classification	Market Value (£)	% of Net Asset Value
Royal Dutch Shell 'B'	Oil & Gas	11,670,866	9.30
BP	Oil & Gas	10,328,257	8.23
Vodafone Group	Telecommunications	9,348,089	7.45
GlaxoSmithKline	Healthcare	8,389,934	6.69
Unilever	Consumer Goods	7,440,386	5.93
British American Tobacco	Consumer Goods	6,739,851	5.37
AstraZeneca	Healthcare	6,232,227	4.97
HSBC Holdings	Financials	5,760,551	4.59
Imperial Tobacco Group	Consumer Goods	5,581,176	4.45
BAE Systems	Industrials	4,535,241	3.61

Sector Allocation 

Sector

% of Net Asset Value

Consumer Goods	18.44
Oil & Gas	17.53
Financials	16.29
Healthcare	11.65
Consumer Services	10.21
Utilities	9.06
Telecommunications	7.45
Industrials	6.23
Net current assets	3.14

Changes to Share Capital during the quarter ended 30 November 2009

None - there remain a total of 68,688,343 ordinary shares of 10p each in issue. Each share carries one voting right.

Material Events or Transactions

There have been no material events or transactions that have taken place in respect of the Company between 1 September 2009 and the date of publication of this Statement. 

Company Information as at 30 November 2009

SEDOL Code	0791586
AIC Sector	Income and Growth
Launch Date	March 1995
Financial Year End	31 August
Next Dividend Payment Date	29 January 2010

Enquiries:

Louise Richard

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

11 December 2009

 

END

 

 

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