BLACKROCK INCOME AND GROWTH INVESTMENT TRUST PLC: Interim Management Statement

BLACKROCK INCOME AND GROWTH INVESTMENT TRUST PLC: Interim Management Statement
To the members of BlackRock Income and Growth Investment Trust plc 
This interim management statement has been produced solely to provide
additional information to shareholders as a body to meet the relevant
requirements of the UK Listing Authority's Disclosure and Transparency Rules.
It should not be relied on by any other party for any other reason. 
This interim management statement relates to the period from 1 November 2012 to
31 January 2013, and contains information that covers this period, and up to
the date of publication of this interim management statement. 
The Company's objective is to provide growth in capital and income over the
long term through investment in a diversified portfolio of principally UK
listed equities. 
Stock Performance 
Cumulative Performance(%) to 31 January 2013: 
                          One    Three     Since        One      Three    
Five 
                        Month   Months   1 April 2012   Year     Years    
Years
Share price                 10.8%    14.4%     21.3%        28.1%    34.1%    
14.2%
Net asset value              4.9%     6.5%     11.5%        14.9%    30.2%     
8.3%
FSTE All-Share Total Return  6.4%     9.3%     12.6%        16.3%    37.0%    
31.8% 
(all percentages with income reinvested) 
Sources: BlackRock and Datastream 
BlackRock took over the investment management of the Company with effect from 1
April 2012. All performance figures are on a total return basis. 
Financial position and performance (including income) as at 31 January 2013
(unaudited) 
Total assets (including income) (£m)                                       
44.7
Short term borrowings (£m)                                                  
2.0
Net asset value per share (capital only)                                153.74p
Net asset value per share (cum income)*                                 157.48p
Share price                                                             156.75p
Ordinary shares in issue***                                          28,379,268
Actual gearing^                                                            5.1%
Net yield**                                                                3.3%
Discount to cum income NAV                                                 0.5% 
* includes net revenue of 3.74 pence per share 
** based on the final dividend of 3.30 pence per share in respect of the year
ended 31 October 2011 and the interim dividend of 1.80 pence per share in
respect of the year ended 31 October 2012 
*** excludes 4,554,664 ordinary shares held in treasury
^ gearing is calculated using debt at par, less cash and cash equivalents as
a percentage of net assets. 
Material Events & Transactions 
Material events or transactions, during the three months to 31 January 2013 and
from 1 February 2013 to the date of the publication of this report are set out
below. The Company was not involved in any material transactions during the
period other than the purchase and sale of securities undertaken in the normal
course of its business. 
Final dividend 
The final dividend in respect of the year ended 31 October 2012 of 3.45 pence
per share was declared on 18 December 2012 and will be paid to shareholders on
the register at the close of business on 15 February 2013 on 8 March 2013. 
Financial Report 
The Company announced its financial results for the year ended 31 October 2012
on 18 December 2012. 
Annual General Meeting 
At the Company's Annual General Meeting held on Wednesday, 6 February 2013, all
resolutions were passed. 
Discount Control 
It was announced on 29 January 2013 that following the appointment of BlackRock
Investment Management (UK) Limited ("BlackRock") as the Company's investment
manager last year, the Board has decided to use its share buyback powers with
the objective of ensuring that the Company's share price trades at or around
NAV in normal market conditions. Any shares repurchased by the Company will be
held in treasury, and may subsequently be reissued to satisfy market demand.
The Board's current policy of not buying shares to hold in treasury at a
discount of less than 4% will be amended to enable the Company to buy at any
discount to estimated net asset value, including discounts of less than 4%. Any
re-issue of treasury shares will only be at a premium to the estimated NAV at
the time of issue. 
Change in NAV and Share Price 
For the period 1 November 2012 to 13 February 2013 the Company's NAV rose by
8.7% and the share price by 15.5% (all percentages with income reinvested).  
The Board is not aware of any other material events or transactions, except as
disclosed herein, occurring between 1 November 2012 and the date of publication
of this interim management statement which would have a material impact on the
financial position of the Company. 
Contact details:
Kerry Higgins
BlackRock Investment Management (UK) Limited
Company Secretary
Tel: 020 7743 1089 
15 February 2013 
Please note that more detailed performance information is available on the
Investment Manager's website: www.blackrock.co.uk/brig. Neither the contents of
the Manager's website nor the contents of any website accessible from
hyperlinks on the Manager's website (or any other website) is incorporated
into, or forms part of, this announcement. 
END 
-0- Feb/15/2013 11:48 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.