Interim Management Statement

RNS Number : 8490T

Schroder Income Growth Fund PLC

18 December 2012

 



SCHRODER INCOME GROWTH FUND PLC

Interim Management Statement for the quarter ended 30 November 2012

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 2012 to 30 November 2012.

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 ending 31 August 2013

The Board has declared a first interim dividend of 2.00p per share for the year ending 31 August 2013, payable on 31 January 2013 to shareholders on the register on 28 December 2012.

Annual General Meeting

The Annual General Meeting of the Company was held on 18 December 2012. All resolutions set out in the Notice of Meeting were duly passed.

Company Statistics as at 30 November 2012

Net Assets	£147.2 million
Net Asset Value per Ordinary Share	214.31p
Share Price	207.75p
Discount	3.1%
Gearing	4.3%
Number of Portfolio Holdings	44

Cumulative Performance to 30 November 2012 (Total Return Basis)*

Performance over	3 months	6 months	1 year	3 years	5 years
Share Price	5.8%	19.2%	18.4%	40.6%	37.5%
Net Asset Value	5.6%	15.8%	12.1%	35.0%	21.3%
FTSE All-Share Index	3.9%	12.8%	12.1%	28.3%	12.4%

*Source for all performance data: Morningstar.

Portfolio Information as at 30 November 2012

Ten Largest Holdings

Stock Name	Sector Classification	Market Value (£)	% of Net Asset Value
Vodafone	Telecommunications	9,660,469	6.6
Royal Dutch Shell	Oil and Gas	8,566,421	5.8
British American Tobacco Legal & General HSBC GlaxoSmithKline Imperial Tobacco AstraZeneca Unilever BP	Consumer Goods Financials Financials Healthcare Consumer Goods Healthcare Consumer Goods Oil and Gas	8,033,152  7,755,088  7,623,598  7,492,777  6,485,433  5,987,909  5,978,063  5,649,576	5.5 5.3 5.2 5.1 4.4 4.1 4.1 3.8

Sector Allocation

Sector	% of Net Asset Value
Financials	22.0
Consumer Goods	15.7
Consumer Services	17.9
Oil and Gas	14.3
Telecommunications	9.2
Healthcare	9.2
Industrials	7.6
Utilities Basic Materials	4.0 4.2
Net current liabilities	(4.1)

Changes to Share Capital during the quarter ended 30 November 2012

There were no changes to share capital during the quarter. 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 2012 and the date of publication of this Statement.

Company Information as at 30 November 2012

SEDOL Code	0791586
AIC Sector	Income and Growth
Launch Date	March 1995
Financial Year End	31 August
Next Dividend Payment Date	31 January 2013

Enquiries:

Louise Richard

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

18 December 2012

 

END

 

 

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