KEYSTONE INVESTMENT TRUST PLC - Interim Management Statement

Keystone Investment Trust plcInterim Management Statementfor the three months ended 31 December 2013Material EventsNo material events, specifically in relation to the Company, occurred duringthe period to 31 December 2013.迷你倉將軍澳The Company's AGM was held today, 23 January 2014, and all of the resolutionsput to shareholders were passed.DividendsIn the period a second interim dividend of 32p together with a special dividendof 7p per ordinary share was paid on 13 December 2013 to shareholders on theregister on 22 November 2013. The shares were marked ex-dividend on 20 November2013.Performance - Total Return3 Months 1 Year 3 Years 5 YearsShare Price 7.7% 34.3% 66.8% 129.2%Net Asset Value 8.9% 35.6% 60.0% 116.0%FTSE All-Share Index 5.5% 20.8% 31.0% 95.2%Source: Thomson Reuters DatastreamShare Price and DiscountFor the Three Months Ended31Dec2013As at 31 Dec 2013 High Low AverageShare Price (pence) 1732.00 1732.00 1640.00 1673.98Discount (debt at par) 3.1%Discount (debt at fair 0.3%value)Source: Thomson Reuters DatastreamAssets and Gearing31 Dec 2013Total Gross Assets (£m) 273.6of which cash and Certificates of Deposit (£m) 23.3Borrowings (£m) 31.9Cum Income Net Asset Value (pence) 1,788.1Gross Gearing 13.2%Net Gearing 3.5%`Gross Gearing' reflects the amount of a company's gross borrowings and takesno accounts of any cash balances. It is based on gross borrowings as apercentage of shareholders' funds.`Net Gearing' reflects the amount of net borrowings invested, i.e borrowingsless cash and bond holdings. It is based on net borrowings as a percentage ofshareholders' funds.The Company's structured debt is provided by 250,000 5% cumulative preferenceshares of £1 each and the following debentures totalling approximately £32million:- £7,000,000 7.75% debenture stock 2020- £24,968,300 debenture stock 2023Sector Breakdown of Portfolio (excluding Cash and Certificates of Deposit)31 Dec 2013Financials 24.6%Health Care 19.6%Industrials 倉 16.6%Consumer Goods 14.5%Consumer Services 10.8%Telecommunications 8.5%Utilities 5.2%Basic Materials 0.2%100.0%Top Ten HoldingsInvestments % of PortfolioBT Group 5.1%British American Tobacco 4.4%AstraZeneca 4.3%Novartis - Swiss Common Stock 4.0%Imperial Tobacco 3.9%Reynolds American - US Common Stock 3.8%Roche - Swiss Common Stock 3.6%GlaxoSmithKline 3.4%Thomas Cook 3.4%BAE Systems 3.1%All ordinary shares unless otherwise statedChanges to Share CapitalOrdinary Shares of 50p eachIssuedAs at 30 Sep 2013 13,518,799Shares bought back 0Shares issued 0As at 31 Dec 2013 13,518,799The Company has authority to buy back shares for cancellation and to issue newshares (disapplying pre-emption rights), in each case within specified limits.The Company expects to renew these authorities each year.Price and PerformanceThe Company's Ordinary shares are listed on the London Stock Exchange and theprice is published in the Times and the Financial Times under `InvestmentCompanies' and in the Daily Telegraph under `Investment Trusts'.The Company's net asset value is calculated on a daily basis and can be viewedon the London Stock Exchange website at .londonstockexchange.comFurther information can be obtained from Invesco Perpetual as follows:Free Investor Helpline: 0800 085 8677Internet address: .invescoperpetual.co.uk/investmenttrustsThe information provided in this statement should not be considered as afinancial promotion.For and on behalf ofInvesco Asset Management Limited23 January 2014XLON24小時迷你倉