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Invesco Inc Grth Tst (IVI)

  Print      Mail a friend       Annual reports

Wednesday 16 July, 2008

Invesco Inc Grth Tst

Interim Management Statement

                        Invesco Income Growth Trust plc                        

                         Interim Management Statement                          

                     for the Three Months ended 30 June 2008                     

Material Events

No material events occurred during the period.


During the period, a final dividend of 3p was proposed and approved by
shareholders at the AGM held on 8 July 2008. This dividend will be paid on 17
July 2008 to ordinary shareholders on the register on 20 June 2008.

Performance - Total Return

                                3 Months       1 Year      3 Years      5 Years
Share Price                       -10.7%       -24.2%         9.1%        52.5%
Net Asset Value                    -4.6%       -22.6%         9.1%        63.2%
FTSE All-Share Index               -1.5%       -13.0%        23.2%        71.0%

Source: Fundamental Data

Share Price and Discount

                                         For the Three Months Ended 30 June 2008
                           As at 30 June     High         Low        Average   
Share Price (pence)               175.0p    211.0p       175.0p       198.5p   
Discount                           12.4%                                       

Source: Datastream

Assets and Gearing

                                    30 June 2008     31 March 2008       Change
Total Gross Assets (£m)                    131.9             137.9        -4.2%
of which cash (£m)                             -                 -            -
Borrowings (£m)                             14.9              13.3        12.9%
Cum income Net Asset Value                 199.8             212.7        -6.1%
Actual Gearing                               113               110             
Effective Gearing                            113               111             

`Actual Gearing' reflects loans drawn down, whereas `Effective 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

                           30 June 2008      31 March 2008
Financial                         16.6%              20.0%
Consumer Services                 15.5%              15.5%
Industrials                       14.2%              14.2%
Utilities                         12.5%              11.6%
Consumer Goods                    10.9%              11.7%
Oil & Gas                         10.8%               9.2%
Telecommunications                 8.5%               8.6%
Health Care                        8.1%               7.2%
Basic Materials                    2.9%               2.0%

Changes to Portfolio

Ranking  Top Ten Holdings*              % of      Bought/Sold     Ranking at   
Now                                  Portfolio     in Period     31 March 2008 
1        BP                             5.9%           S               2       
2        Vodafone                       5.6%           -               1       
3        Royal Dutch Shell              4.9%           -               6       
4        Imperial Tobacco               4.7%           S               3       
5        GlaxoSmithKline                4.6%           -               5       
6        British American Tobacco       4.3%           -               4       
7        AstraZeneca                    3.5%           B              12       
8        HSBC                           3.4%           -               7       
9        National Grid                  3.3%           -               8       
10       Scottish & Southern Energy     3.1%           B              13       

* Ordinary shares unless otherwise stated

Changes to Share Capital

                                Ordinary Shares of 25p each    
                                        Issued     Treasury    
As at 31 March 2008                 58,551,530        0        
Shares bought back                           0        0        
Share issued                                 0        0        
As at 30 June 2008                  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 renewed this authority at the AGM
held on 8 July 2008.

Price and Performance

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

Further information can be obtained from Invesco Perpetual as follows:

Free Investor Helpline: 0800 085 8677

Internet address:

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

16 July 2008