Triple Point VCT
Our first VCT - Triple Point VCT plc - was a pioneer of the limited life VCT sector.
Investment Strategy
Recognising that the typical high-growth investments of VCTs involved risk for investors, Triple Point VCT instead targeted VCT-eligible investments with a reduced risk of capital loss.
This strategy created an investment product that offered strong returns (from the tax benefits), but which also offered investors a lower risk VCT investment.
Triple Point VCT closed to new investment in April 2006 having raised £32m, representing one of the largest VCT fund raises that year.
Exit
Triple Point VCT paid a final distribution to shareholders in April 2010, taking the total value paid to shareholders to 94.01p per share. After all shareholders had exited, the company was wound-up.
Triple Point VCT has been one of the most successful limited life VCT to date; a success made possible by its investment model and Triple Point's determination to return funds to shareholders as quickly as possible once shareholders had held their shares long enough to secure up front income tax relief.
Tax treatment depends on individual circumstances and may be subject to change in the future. Past performance is no guide to future performance and investors may lose some or all of their capital.