Triple Point VCT plc
Recognising that the typical high-growth investments of VCTs involved risk for investors, Triple Point’s pioneering 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 investment in April 2006 having raised £32m, representing one of the largest VCT fund raises that year.
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 was one of the most successful limited life VCTs 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.