Interim Management Statement

RNS Number : 5142V

Value and Income Trust plc

10 July 2009

 



Value and Income Trust PLC

Interim Management Statement - three months ended 30 June 2009

To the members of Value and Income Trust PLC ('the Company')

This Interim Management Statement ('IMS') relates to the period from 1 April 2009 to 30 June 2009 and contains information that covers this period and up to the date of publication of this IMS, unless otherwise specified.

Investment objective and benchmark

Value and Income Trust is a specialist United Kingdom investment trust designed for both institutional and private investors. It invests in higher-yielding, less fashionable areas of the UK commercial property and quoted equity markets, particularly in medium and smaller sized companies. Its aim is long term real growth in dividends.  The FTSE All-Share Index is the benchmark index for the Company.

Material events 

Following shareholder approval at the Annual General Meeting held on 10 July 2009, a final dividend of 3.7 pence per Ordinary share will be paid on 17 July 2009 to shareholders on the register as at 19 June 2009. The ex-dividend date was 17 June 2009.  All other resolutions put to shareholders at the Annual General Meeting were approved.

The Board is not aware of any significant events or transactions which have occurred between 30 June 2009 and the date of publication of this IMS which would have had a material impact on the financial position of the Company.

Ten largest equity holdings as at 30 June 2009

	Investment	Value (£m)	%age of Gross Assets as at 30 June 2009
1	VT Group	5.8	7.0
2	Rotork	4.1	4.9
3	Royal Dutch Shell	3.9	4.7
4	BP	3.7	4.4
5	National Grid	3.5	4.2
6	Glaxosmithkline	3.5	4.1
7	Vodafone	3.0	3.6
8	HSBC Holdings	2.8	3.4
9	Scottish & Southern Energy	2.6	3.1
10	Restaurant Group	2.1	2.6
		Total	42.0

General description of Company's financial position

	30 June 2009	31 March 2009
Net asset value (with debt at par value) (pence)	172.1	165.6
Net asset value (with debt at fair value) (pence)	154.2	129.6
Ordinary share price (pence)	117.0	88.5

Net asset values are calculated excluding net income and are published monthly on www.londonstockexchange.com. 

 

 Summary of Portfolio based on Total Assets

	30 June 2009		31 March 2009
	£m	%	£m	%
UK equities	67.1	59	62.3	56
UK property	44.8	39	44.9	40
Cash	2.1	2	4.3	4
	114.0	100	111.5	100

All financial information sourced from Aberdeen Asset Management PLC.

Important Information

Please note that past performance is not necessarily a guide to the future and that the value of investments and the income from them may fall as well as rise. Investors may not get back the amount they originally invested.

This IMS has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied upon by any other party or for any other purpose.

For Value and Income Trust PLC

Aberdeen Asset Management PLC, Secretary

10 July 2009

Tel. [phone]

 

END

 

 

IMSGUUMPMUPBGAU