John Davies: Will Covid-19 create a dividend dilemma for VCTs?

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John Davies: "Investors will have a keen eye on this year's open offers and the objectives behind their fundraising."
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John Davies: "Investors will have a keen eye on this year's open offers and the objectives behind their fundraising."

No part of the economy has been left untouched by the coronavirus pandemic and VCT dividend payments are not immune, writes John Davies. However, he believes tax-advantaged capital has a role to play in the economic bounceback

Tax-free dividends have been a long-standing and fundamental attraction for VCT investors and generally have been well rewarded in recent years. However, with the economy in the grip of coronavirus...

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