Finsbury Growth & Income Trust PLC has confirmed the cancellation of the sum standing to the credit of the company's share premium account and the conversion of the amount to a distributable reserve. The Reduction in Capital, effective upon registration of the Court Order at Companies House, aims to provide the company with a significant pool of reserves for potential future use in funding share buy-backs or other returns of capital in accordance with applicable law. This move is expected to offer the company more flexibility in how capital may be returned in the future. The company will provide further updates to the market once the Court Order has been registered. For additional information, individuals can contact Victoria Hale, Frostrow Capital LLP, Company Secretary, at 020 3170 8732.