INVESCO PERPETUAL ENHANCED INCOME LIMITED

             (FORMERLY INVESCO LEVERAGED HIGH YIELD FUND LIMITED)

       P.O. BOX 83 ORDNANCE HOUSE 31 PIER ROAD ST. HELIER JERSEY JE4 8PW

        TELEPHONE: 01534 825200 FAX: 01534 825250 EMAIL: rh-jsy@itl.net

                         Interim Management Statement

                  for the Three Months ended 31 December 2013



Material Events

An Extraordinary General Meeting of the Company was held on 11 November 2013 at
which shareholders approved a resolution amending the Company's investment
policy to reduce the maximum limit of net borrowings to 50 per cent. of
shareholders' funds. Shareholders also approved a resolution to change the
Company's registered name to Invesco Perpetual Enhanced Income Limited,
consistent with the investment policy amendment.

Dividends

On 17 December 2013 the Directors of the Company announced a first interim
dividend of 1.25 pence per Ordinary share in respect of the three months to 31
December 2013. This dividend will be paid on 31 January 2014 to shareholders on
the register on 10 January 2014. The shares were quoted ex-dividend on
8 January 2013.

.

Performance - Total Return

                               3 Months    1 Year    3 Years    5 Years

Share Price                        5.9%     20.6%      60.8%     293.7%

Net Asset Value                    4.2%     12.2%      37.8%     229.5%

Merrill Lynch 3 Months Libor       0.1%      0.5%       2.3%       4.3%
Index

Source: Invesco/Thomson Reuters Datastream

.

Share Price and Discount

                            As at        For the Three Months Ended 31-Dec-13

                         31-Dec -13      High         Low       Average

Ordinary Shares mid-          69.63      69.63        65.75     67.53

market price (pence)

Discount                       5.2%

Source: Thomson Reuters Datastream

.

Assets and Gearing

                                      31-Dec -13

Total Gross Assets (£m)                    112.7

Cash (£m)                                    9.6

Borrowings (£m)                             30.9

Net Asset Value - (pence)                   73.5

Gross Borrowing                            37.7%

Net Borrowing                              26.1%

Gross Borrowing reflects the amount of gross borrowings by the Company
and takes no account of any cash balances. It is based on gross borrowings as a
percentage of shareholders' funds.

Net Borrowing reflects the amount of net borrowings invested, i.e. borrowings
less cash. It is based on net borrowings as a percentage of shareholders'
funds.

.

Geographical Breakdown

                     31-Dec -13

United Kingdom            40.4%

Europe Ex UK              43.8%

Americas                  15.8%

.

Top Ten Holdings

Ranking  Top Ten           Coupon and Rate             % of
         Investments                                 Portfolio

1        Lloyds Banking    6.385% 12 May 2020          4.6%
         Group - Lloyds
         TSB & LBG Capital 9% 15 Dec 2019

                           7.625% 22 Apr 2025

2        General Motors    Warrants 10 Jul 2019        4.5%

                           Warrants 10 Jul 2016

                           Ord

3        Virgin Media      8.875% 15 Oct 2019          3.4%
         Finance
                           6% 15 Apr 2021

                           7% 15 Jan 2018

4        UniCredit         8.5925% FRN Perpetual       3.2%
         International
         Bank              8.125% FRN Perpetual

5        Aviva             6.125% FRN Perpetual        3.1%

                           4.7291% FRN Perpetual

                           6.875% FRN 22 May 2038

                           6.125% FRN 05 Jul 2043

6        Santos Finance    8.25% FRN 22 Sep 2070       2.8%

7        UPC               9.5% 15 Mar 2021            2.7%

                           7.625% 15 Jan 2020

8        Societe Generale  8.875% FRN Perpetual        2.6%

                           8.75% Perpetual

                           7.875% FRN Perpetual

9        Enterprise Inns   6.5% 06 Dec 2018 (SNR)      2.5%

10       ENW Finance       5.875% 21 Jun 2021          2.5%

All investments are fixed interest bonds unless otherwise stated.

.


Changes to Share Capital

                          Ordinary Shares of 5p
                                  each

                              Issued  Treasury

As at 30-Sep-13          111,292,526           0

Ordinary shares bought             0           0
back

Ordinary shares issued             0           0

As at 31-Dec-13          111,292,526           0

The Company has authority to buy back shares for cancellation or to be held in
treasury within a specified limit. The Company expects to renew this authority
at the Annual General Meeting each year.

Since 31 December 2013, no ordinary shares were bought back and cancelled or
put into treasury and no ordinary shares were issued.

Administration

The Company's ordinary shares are listed on the London Stock Exchange and the
price is published in the Financial Times, The Daily Telegraph, The Times, The
Independent and The Evening Standard.

The Company's net asset value is calculated on a daily basis and can be viewed
on the London Stock Exchange website at www.londonstockexchange.com.

Further information can be obtained from Invesco Perpetual as follows:

Free Investor Helpline: 0800 085 8677

Internet address: www.invescoperpetual.co.uk/investmenttrusts

The information provided in this statement should not be considered as a
financial promotion.

Interim management statements are expected to be published in January and July
each year.



For and on behalf of
Invesco Perpetual Enhanced Income Limited

30 January 2014