The Edinburgh Investment Trust plc
Interim Management Statement
for the Three Months ended 31 December 2009
Material Events
No material events occurred during the period.
Dividends
During the period, the first interim dividend, in respect of the year ended 31
March 2010, of 4.75 pence per share was paid on 27 November 2009 to
shareholders on the Company's register on 20 November 2009.
Performance - Total Return
3 Months 1 Year 3 Years 5 Years
Share Price 6.6% 20.1% -7.6% 41.2%
Net Asset Value 5.9% 13.5% -13.9% 23.9%
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 2009 High Low Average
Share price 370.6p 372.0p 341.0p 357.3p
Discount -10.7%
(debt at par)
Discount -5.0%
(debt at fair value)
Source: Fundamental Data
Assets and Gearing
31 Dec 2009 30 Sept 2009
Total Gross Assets (£m) 988.9 966.6
of which comprise cash 0.1 2.6
funds and cash (£m)
Borrowings at book value 196.7 196.7
(£m)
Cum income net asset 414.9 388.1*
value (pence)
Actual Gearing 124 126
* Ex dividend
Actual Gearing: borrowing less cash and investment in money market funds
divided by shareholders' funds. A figure of 100 means that the Company has no
gearing.
Sector Breakdown of Portfolio
31 Dec 2009 30 Sept 2009
Consumer Goods 24.9% 24.3%
Healthcare 18.1% 17.6%
Utilities 17.0% 17.2%
Telecommunications 11.0% 12.1%
Industrials 10.6% 10.6%
Consumer Services 5.9% 5.6%
Financials 5.9% 5.4%
Oil & Gas 5.4% 5.8%
Technology 1.2% 1.4%
Top Ten Holdings
Ranking Investments % Bought/Sold Ranking at
Now of Portfolio in Period 30 Sept 2009
1 AstraZeneca 8.8% B/S 1
2 GlaxoSmithKline 8.7% B/S 2
3 British American Tobacco 6.3% B/S 4
4 Vodafone 6.1% S 3
5 Imperial Tobacco 5.6% B/S 5
6 BG 5.4% S 6
7 Reynolds American - US 5.2% B/S 10
common stock
8 BT 5.0% S 7
9 Tesco 5.0% S 8
10 National Grid 5.0% B/S 9
All ordinary shares unless otherwise stated
Changes to Share Capital
Ordinary shares of 25p each
Issued Treasury
At 30 September 2009 195,116,734 0
Shares bought back 0 0
Shares issued 0 0
At 31 December 2009 195,116,734 0
The Company has authority to buy back shares within specified limits. The
Company expects to renew this authority each year.
Price and Performance
The Company's ordinary shares are listed on the London Stock Exchange and the
price is 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 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.
For and on behalf of
Invesco Asset Management Limited
28 January 2010
Registered Office: Administrative Office:
Quartermile One 30 Finsbury Square
15 Lauriston Place London EC2A 1AG
Edinburgh EH3 9EP Telephone: 020 7065 4000
Registered in Scotland No 1836 Facsimile: 020 7065 3166
An Investment Company under Section 833 of the
Companies Act 2006
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Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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