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PERPETUAL INCOME AND GROWTH INVESTMENT TRUST PLC - Interim Management Statement

Monday, January 21, 2013 9:07 AM


                 Perpetual Income and Growth Investment Trust plc
                         Interim Management Statement                          
                  for the Three Months ended 31 December 2012                   
Material Events

On 20 November 2012 Mr Richard Laing was appointed as a non-executive Director of the Company.

Dividends

On 28 September 2012, a first interim dividend for the year ending 31 March 2013 of 2.55p per Ordinary share was paid to shareholders on the Company's register on 7 September 2012.

During the current period, a second interim dividend of 2.55p per Ordinary share was paid for the year ending 31 March 2013. This dividend was paid on 28 December 2012 to shareholders on the register on 7 December 2012.

Performance - Total Return
                               3 Months      1 Year      3 Years      5 Years
                                                                             
Share Price                        4.9%       18.8%        55.2%        45.7%
                                                                             
Net Asset Value                    3.2%       14.9%        40.8%        26.0%
                                                                             
FTSE All-Share Index               3.8%       12.3%        24.2%        13.2%

Source: Thomson Reuters Datastream

Share Price and Premium/Discount

                                  As at        
                                       
                               31-Dec-12       For the Three Months Ended 31-Dec-12
                                                  High        Low        Average
Ordinary shares mid-             289.00          292.50      275.50      283.81   
market price (pence)                   
                                       
Premium                            2.43%
                                       
Subscription shares               59.75          60.50        50.75      54.84         
mid-market price (pence)               

Source: Thomson Reuters Datastream

Assets and Gearing
                                              31-Dec -12                    
                                                                            
Total Gross Assets (£m)                           734.78                    
                                                                            
of which cash (£m)                                     -                    
                                                                            
Borrowings (£m)                                    108.1                    
                                                                            
Cum income Net Asset Value - diluted               282.1                    
(pence)                                                                     
                                                                            
Gross Gearing                                      17.3%                    
                                                                            
Net Gearing                                        17.3%                    

Gross Gearing reflects the amount of gross borrowings in use by a company and takes no account of any cash balances. It is based on gross borrowings as a percentage of shareholders' funds.

Net Gearing reflects the amount of borrowings invested i.e. borrowings less cash and UK government bonds. It is based on net borrowings as a percentage of shareholders' funds.

Sector Breakdown of Portfolio

                           31-Dec -12                   
                                                        
Healthcare                      20.9%                   
                                                        
Consumer Goods                  19.8%                   
                                                        
Financials                      16.6%                   
                                                        
Industrials                     14.0%                   
                                                        
Consumer Services               12.1%                        
                                                        
Telecommunications              11.0%                   
                                                        
Utilities                        5.4%                   
                                                        
Basic Materials                  0.2%                   
                                                        
Total                            100%

Top Ten Holdings
    Investment                                                   % of Portfolio
                                                                               
1   Imperial Tobacco                                                       5.5%
                                                                               
2   BT                                                                     5.5%
                                                                               
3   British American Tobacco                                               4.9%
                                                                               
4   Reynolds American - US common stock                                    4.7%
                                                                               
5   AstraZeneca                                                            4.4%
                                                                               
6   Roche - Swiss common Stock                                             4.4%
                                                                               
7   BAE Systems                                                            3.8%
                                                                               
8   Reckitt Benckiser                                                      3.6%
                                                                               
9   GlaxoSmithKline                                                        3.6%
                                                                               
10  Novartis - Swiss common stock                                          3.5%

All ordinary shares unless otherwise stated.

Changes to Share Capital
                          Ordinary Shares of 10p  Subscription 
                                   each                        
                                                     Shares    
                                                               
                               Issued  Treasury                
                                                               
As at 30-Sep-12           218,455,774      -         12,914,737
                                                               
Ordinary shares bought              -      -            -      
back                                                           
                                                               
Ordinary shares issued        772,286      -            -      
                                                               
Subscription shares                 -      -            -      
exercised                                                      
                                                               
As at 31-Dec-12           219,228,060      -       12,914,737  

There have been two issuances of new shares during the three months to 31 December 2012. A total of 772,286 new Ordinary shares of 10p each were issued and allotted to satisfy demand from the Invesco Perpetual savings scheme and ISA quarterly dividend reinvestments, with 420,969 shares having been issued and allotted at a price of 283.5p per share on 1 October 2012 and 351,317 shares issued and allotted at a price of 292p per share on 31 December 2012. The new shares rank pari passu with the existing Ordinary shares and trade on the London Stock Exchange's main market for listed securities.

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 each year.

Administration

The Company's Ordinary shares are listed on the London Stock Exchange and the price is published in the Financial Times, Daily Telegraph, The Times, The Independent and The Evening Standard.

The net asset value of the Company is calculated on a daily basis and can be viewed on the London Stock Exchange website at www.londonstockexchange.com.

Further information can be obtained from Invesco Perpetual as follows:

Free Investor Helpline: 0800 085 8677

Internet address: www.invescoperpetual.co.uk/investmenttrusts

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.


Invesco Asset Management Limited
For and on behalf of the Board of
Perpetual Income and Growth Investment Trust plc

21 January 2013

Registered Office
30 Finsbury Square, London, EC2A 1AG
Telephone: 020 7065 4000
Facsimile: 020 7065 3166
Registered in England No 3156676
An Investment Company under Section 833
of the Companies Act 2006

(Source: PR Newswire )
(Source: Quotemedia)

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