Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

 Information  X 
Enter a valid email address

Invesco Inc Grth Tst (IVI)

  Print      Mail a friend       Annual reports

Wednesday 20 January, 2010

Invesco Inc Grth Tst

Interim Management Statement

                        Invesco Income Growth Trust plc                        

                         Interim Management Statement                          

                   for the Three Months ended 31 December2009                   

Material Events

No material events, specifically in relation to the Company, occurred during
the period.


During the period, a second interim of 1.85p per ordinary share was paid in
respect of the quarter ended 30 September 2009. This dividend was paid on 30
December 2009 to shareholders on the register on 4 December 2009.

The Directors have declared the third interim dividend in respect of the
quarter ended 31 December 2009 of 1.85p per ordinary share payable on 15 March
2010 to shareholders on the register on 12 February 2010.

Performance - Total Return

                              3 Months      1 Year      3 Years      5 Years   
Share Price                     2.2%        15.0%        -17.1%       30.6%    
Net Asset Value                 5.0%        21.8%        -15.4%       25.3%    
FTSE All-Share Index            5.5%        30.1%        -4.0%        36.8%    

Source: Fundamental Data

Share Price and Discount

                                         For the Three Months Ended 31 Dec 2009
                       As at 31 Dec 09       High         Low        Average   
Share Price                 168.8           172.5        162.5        167.4    
Discount                    -11.2%                                             

Source: Datastream

Assets and Gearing

                                    31 Dec 2009    30 Sept 2009      Change
Total Gross Assets (£m)                   125.0           121.7        2.7%
Cash (£m)                                     -               -           -
Borrowings (£m)                            13.7            14.5       -5.5%
Cum income Net Asset Value                190.0            183.1*      3.8%
Actual Gearing                              112             114            
Asset Gearing                               112             114            

* Ex dividend

`Actual Gearing' reflects loans drawn down, whereas `Asset Gearing' reflects
the amount of loans invested in the portfolio. A figure of 100 means that the
Company has no gearing.

Sector Breakdown of Portfolio

                           31 Dec 2009    30 Sept 2009
Consumer Services                19.3%           17.3%
Financials                       16.5%           18.4%
Utilities                        12.4%           11.8%
Industrials                      11.5%           13.4%
Consumer Goods                   11.3%           10.9%
Healthcare                       11.0%           10.6%
Oil & Gas                        10.4%            8.7%
Telecommunications                6.5%            7.8%
Basic Materials                   1.1%            1.1%

Top Ten Holdings

Ranking Top Ten Holdings*              %         Bought/Sold      Ranking at   
Now                               of Portfolio    in Period       30 Sept 09   
1       GlaxoSmithKline               5.2%            S               2        
2       AstraZeneca                   5.0%            -               3        
3       BP                            4.9%            -               4        
4       Imperial Tobacco              4.9%            -               5        
5       British American Tobacco      4.5%            -               6        
6       Royal Dutch Shell             4.2%            -               7        
7       Vodafone                      4.0%            S               1        
8       HSBC                          3.9%            -               8        
9       National Grid                 3.6%            S               10       
10      Tesco                         3.0%            S               11       

* Ordinary shares unless otherwise stated

Changes to Share Capital

                             Ordinary Shares of 25p each
                                    Issued   Treasury   
As at 30 Sept 2009              58,551,530       0      
Shares bought back                       0       0      
Shares issued                            0       0      
As at 31 Dec 2009               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.


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 normally expected to be published in January
and July each year.

For and on behalf of

Invesco Asset Management Limited

20 January 2010


a d v e r t i s e m e n t