IPRT Invesco Per Rec

 
TIDMIPRT 
 
Invesco Perpetual Recovery Trust 2011 plc 
 
                         Interim Management Statement 
 
                      for the Three Months ended 31 July 2011 
 
Material Events 
 
No material events occurred in the period. 
 
Dividends 
 
During the period, a dividend of 1.5p per Ordinary share was declared and 
this was paid on 15 July 2011 to shareholders on the register on 17 June 2011. 
 
Performance - Total Return 
 
                                   3 Months         1 Year      Since Inception 
 
Ordinary Share Price                     -26.9%           24.2%          -39.3% 
 
Net Asset Value                          -27.4%           13.2%          119.2% 
 
Zero Div Pref Share Price                  1.5%           10.0%           36.8% 
 
Zero Div Pref Share                        1.4%            6.0%           39.4% 
 
- calculated value 
 
FTSE All-Share                            -3.3%           14.9%           34.4% 
 
FTSE 350 High Yield                       -1.6%           17.2%           14.6% 
 
Merrill Lynch Sterling High               -1.9%            8.2%          118.8% 
Yield 
 
Source: Thomson Reuters/Invesco 
 
Share Price and Discount 
 
                                         At     For the Three Months Ended 
 
                                31 Jul 2011             31 Jul 2011 
 
                                                  High         Low       Average 
 
Ordinary Shares                       25.5p       36.5p       25.5p       32.3p 
 
(Discount)                            -9.6% 
 
Zero Div Pref Shares                 137.5p      137.5p      135.5p      136.0p 
 
(Discount)                            -1.4% 
 
Units                              1,807.5p    1,807.5p    1,617.5p    1,735.4p 
 
Premium                                1.1% 
 
Source: Thomson Reuters/Invesco 
 
Assets and Gearing 
 
                                          31 Jul 2011 
 
Total Gross Assets (GBPm)                          31.9 
 
of which cash (GBPm)                               14.2 
 
Borrowings (GBPm)                                  27.3 
 
Cum Income Net Asset Value per                  28.2p 
 
Ordinary Share 
 
Zero Div Pref Share - calculated               139.4p 
value 
 
Units - calculated value                       1,788p 
 
Gross Gearing (i)                                604% 
 
Net Gearing (ii)                                 287% 
 
No provision for wind-up costs has been made. Wind-up costs will be charged 
wholly to revenue. 
 
(i) Gross Gearing is calculated by dividing total borrowings, including the 
Zero Dividend Preference Shares, by Ordinary Shareholders' funds. 
 
(ii) Net Gearing is calculated by netting cash held against borrowings and 
dividing by Ordinary Shareholders' funds. 
 
Sector Breakdown of Portfolio 
 
                                     31 Jul 2011 
 
Cash                                       44.9% 
 
Financials                                 23.1% 
 
Healthcare                                 17.1% 
 
Consumer Services                           5.7% 
 
General Industrials                         2.8% 
 
Oil & Gas                                   2.6% 
 
Consumer Goods                              2.4% 
 
Telecommunications                          1.4% 
 
Basic Utilities                             0.0% 
 
Utilities                                   0.0% 
 
Top Ten Investments 
 
Top Ten Investments                         % of 
 
                                       Portfolio 
 
GlaxoSmithKline                             9.2% 
 
AstraZeneca                                 8.0% 
 
Lloyds Banking                              7.5% 
 
Henderson Fledgling                         4.4% 
 
Carnival                                    2.7% 
 
Legal & General                             2.6% 
 
Royal Bank of Scotland                      2.6% 
 
BP                                          2.6% 
 
Phoenix Life 7.25%                          2.6% 
Perpetual 
 
Aviva                                       2.1% 
 
All ordinary shares unless otherwise stated. 
 
Shares in Issue 
 
                                 Share Capital             Creditors 
                                Ordinary Shares          Zero Dividend 
                                   of 1p each          Preference Shares 
                                     Issued                of 1p each 
                                                             Issued 
 
At 31 Oct 2010                     16,044,750              19,610,250 
 
Shares bought back                     -                       - 
 
Shares issued                          -                       - 
 
At 31 Jul 2011                     16,044,750              19,610,250 
 
Administration 
 
The Company's shares are listed on the London Stock Exchange and the prices are 
published in the Financial Times and The Times under `Investment Companies' and 
in the Daily Telegraph under `Investment Trusts'. 
 
The Company's net asset value is calculated on a weekly 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. 
 
For and on behalf of 
Invesco Asset Management Limited 
22 August 2011 
 
Registered Office 
30 Finsbury Square, London, EC2A 1AG 
Telephone: 020 7065 4000 
Facsimile: 020 7065 3166 
 
Registered in England No 5586582 
An Investment Company under Section 833 
of the Companies Act 2006 
 
 
 
END 
 

Invesco Perp Recovery 2011 (LSE:IPRT)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Invesco Perp Recovery 2011 (LSE:IPRT)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024