REG-Fins Growth Inc Tst: Half-year Report <Origin Href="QuoteRef">FGT.L</Origin> - Part 2

Finsbury Growth & Income TrustAnnouncement

05/05/2016 11:05

- Part 2: For the preceding part double click  ID:nPRr54C14a 

Investment Companies method of calculating gearing and is as follows; any
method by which the AIFM increases the exposure of an AIFM it manages whether
through borrowing of cash or securities, or leverage embedded in derivative
positions.

There are two methods for calculating leverage under the Directive - the Gross
Method and the Commitment Method. The process for calculating exposure under
each methodology is largely the same, except where certain conditions are met,
the Commitment Method enables instruments to be netted off to reflect 'netting'
or 'hedging' arrangements and the entity exposure is effectively reduced.

The Board has set the leverage limit for both the Gross basis and the
Commitment basis at 125%. These limits are monitored by both the Board and the
AIFM.

Net Asset Value (NAV)

The value of the Company's assets, principally investments made in other
companies and cash being held, less any liabilities. The NAV is also described
as 'shareholders' funds' per share. The NAV is often expressed in pence per
share after being divided by the number of shares which have been issued. The
NAV per share is unlikely to be the same as the share price which is the price
at which the Company's shares can be bought or sold by an investor. The share
price is determined by the relationship between the demand and supply of the
shares.

Net Asset Value Total Return

The total return on an investment over a specified period assuming dividends
paid to shareholders were reinvested at net asset value per share at the time
the shares were quoted ex-dividend. This is a way of measuring investment
management performance of investment trusts which is not affected by movements
in discounts or premiums.

Share Price Total Return

The change in capital value of a company's shares over a given period, plus
dividends paid to shareholders, expressed as a percentage of the opening value.
The assumption is that dividends paid to shareholders are re-invested in the
shares at the time the shares are quoted ex dividend.

Treasury Shares

Shares previously issued by a company that have been bought back from
shareholders to be held by the Company for potential sale or cancellation at a
later date. Such shares are not capable of being voted and carry no rights to
dividends.

The Company's half year report and financial statements for the six months
ended 31 March 2016 has been submitted to the UK Listing Authority, and will
shortly be available for inspection on the National Storage Mechanism (NSM):

http://www.morningstar.co.uk/uk/NSM

and on the Company's website:

http://www.finsburygt.com/

(Documents will usually be available for inspection within two business days of
this notice being given)

The half year report will be posted to shareholders on Friday, 13 May 2016.

Katherine Manson

Frostrow Capital LLP

Company Secretary - 0203 709 8734

5 May 2016



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