End of lock-in period expected to lead to increase in supply
Investors are overlooking the tax reliefs available on secondary issues of VCTs as liquidity in the secondary market looks set to rise. The lock-in period has ended for four VCTs, which is expected to lead to an increase in the supply of secondary shares in the market, according to James Rowlatt, investment manager at Beacon Investment. Shareholders in the four trusts, Baronsmead, Enterprise, LeggMason VCT and Murray Johnstone VCT, are likely to hold onto their shares, however, the maturity of the trusts is giving hope for added liquidity to the market. Ben Yearsley, investment manager ...
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