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IVI Invesco Income Growth Trust Plc

278.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Invesco Income Growth Trust Plc LSE:IVI London Ordinary Share GB0003585725 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 278.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
274.00 282.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 278.00 GBX

Invesco Income Growth (IVI) Latest News

Real-Time news about Invesco Income Growth Trust Plc (London Stock Exchange): 0 recent articles

Invesco Income Growth (IVI) Discussions and Chat

Invesco Income Growth Forums and Chat

Date Time Title Posts
13/5/202109:02INVESCO Income Growth Trust141

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Invesco Income Growth (IVI) Most Recent Trades

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Invesco Income Growth (IVI) Top Chat Posts

Top Posts
Posted at 10/5/2021 11:44 by hittbe
Well dun Colonel a. I’m with AJ Bell and STILL haven’t received anything. Fully expect 100% cash though since my shareholding was much smaller than Clinton's. The managers have maybe tried to avoid leaving holders with just a “few” shares so have scaled back only for the larger holdings.

Comparing the two options:
- Net return per share for cash option = 291.25p + 8.35p dividend = 299.60p
- Current value of IVI share transferred to IVPU, @ current (10/05/21) price:
1.6312 * 1.72 = 280.5p + 8.35p dividend = 288.85p

So a small profit of about 3.7% for the cash option as at today's IVPU price.

I’m happy with getting out at breakeven from my purchase price & will move on to (hopefully) a more profitable trust.

Good luck to new holders of IVPU & to those investing their cash elsewhere.
Posted at 04/5/2021 13:57 by clinton baptiste
I had 20,000 IVI shares. I now have 17,395 IVI Scheme APR21 "B" rights for which I expect a cheque this week, and 4249 IVPU shares. Speak to your broker.
Held for 18 months and added a few in June last year. Consider myself well-shot of them with a TR of 11.7%
Posted at 04/5/2021 11:48 by colonel a
Congratulations, although I would like to see more detailed figures to be completely convinced.
How many IVI shares => how many IVPU shares + how much cash.
Posted at 27/4/2021 16:22 by davebowler
Following the passing of the special resolutions put forward at the Company's
First General Meeting and Second General Meeting, the Board of the Company is
pleased to announce that as at the Calculation Date and calculated in
accordance with the terms of the Scheme as set out in the circular published by
the Company dated 30 March 2021 (the "Circular"):

* the IIGT FAV per Share is 299.96 pence (being the amount per Share for
those IIGT Shareholders having elected, or deemed to have elected, for the
Rollover Option);

* the IST UK FAV per Share is 183.89 pence (being the amount per IST UK
Equity Share used in determining the number of new IST UK Equity Shares to
be issued to those IIGT Shareholders having elected, or deemed to have
elected, for the Rollover Option);

* the conversion ratio is 1.63119256 new IST UK Equity Shares for each Share
elected, or deemed to have elected, for the Rollover Option; and

* the Cash Pool NAV per Share is 291.25 pence (being the amount per Share for
those IIGT Shareholders having elected, or deemed to have elected, for the
Cash Option).

Accordingly, for Shareholders that elected, or are deemed to have elected, for
the Rollover Option:

* each Share with "A" Rights will roll over into approximately 1.63119256 new
IST UK Equity Shares.

And for Shareholders that elected, or are deemed to have elected, for the Cash
Option:

* each Share with "B" Rights will entitle the holder to 291.25 pence in cash.

Applications have been made by Invesco Select Trust plc to the Financial
Conduct Authority and the London Stock Exchange for the listing and admission
to trading of the new IST UK Equity Shares to be effective at 8.00 a.m. on 26
April 2021.
Posted at 16/4/2021 16:21 by hittbe
Closing NAV yesterday was 298.82p so x 0.975 = 291.35p + div 8.35p so 299.7p
This is the approximate cash value for those taking up the cash option.

I decided to elect for maximum cash, hopefully much greater than the 30%.
My reasons being:
- Both IVI and IVPU have performed poorly over the past few years.
- The IVI discount to NAV has narrowed considerably since the transfer to IVPU was announced and I fear it widening again now this exit option is gone
So I’ve taken the view “Get out while the getting’s good!”
Posted at 05/4/2021 14:02 by wskill
I suppose that the revenue reserves should be paid to IVI shareholders did think that this was partly due to the special dividend at Ferguson,but probably not as this will not be paid until May .
Still very happy with management here they have some excellent long term shares Next a major holding Croda ,Ferguson even Pennon which will come good when they return cash to shareholders.
Do really hope that these types of companies stay in the new trust.
Posted at 01/4/2021 09:33 by davebowler
NAV as at close of business on 30-March-2021

NAV per Ordinary share (unaudited) with Debt at Par & Fair Value

EXCLUDING undistributed current year revenue 298.53p

INCLUDING current year revenue 298.53p
Posted at 28/3/2021 20:04 by hugepants
8.35p special dividend


still no date for the tender offer
Posted at 01/12/2020 10:20 by davebowler
01 December 2020

Invesco Income Growth Trust plc

Proposed merger with Invesco Perpetual Select Trust plc

Introduction

The Board of Invesco Income Growth Trust plc (the "Company" or "IVI") is
pleased to announce that it has agreed heads of terms with the Board of Invesco
Perpetual Select Trust plc ("IP Select") in respect of a future merger with IP
Select to be effected by way of a scheme of reconstruction (the "Scheme") under
Section 110 of the Insolvency Act 1986 and a voluntary winding up of the
Company.

As part of the Scheme, IVI shareholders will have the option of a rollover into
the UK Equity class of IP Select without triggering capital gains tax. IVPU
Posted at 25/9/2020 08:38 by frazboy
So, the vote for wind up was 20%. The number of shares which they have authority to buy back is a maximum of ~15% of the issued capital. Typical daily volumes are 50,000, so they have a maximum of 160 working days of supply - if no one else bought a share. There will clearly be keen sellers, some PI, and some, institutional, but I can't help but think (judging by my own view, obviously), that most folk will see the current valuations as on the low side so there won't be keen to sell at the current share price and discount. And of course we have a 5.5% dividend yield at the 220p mark to keep us on board. I look forward to seeing how this plays out in the next few days/weeks/months.
Invesco Income Growth share price data is direct from the London Stock Exchange

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