F&C Managed Portfolio Investment Trust consists of two pools of assets - Growth and Income. Shareholders in either of the two pools are able to convert some or all of their shares into the other pool on an annual basis by notifying F&C.
It is not a spilt capital trust.
Each one has a unique ISIN:
GB00B2PP3J36 (Income shares)
GB00B2PP2527 (Growth shares)
As you would expect, the ‘Growth’ shares don’t pay dividends, the ‘Income’ shares do.
Say I held a number of ‘Growth’ shares for many years, and decided to convert these shares to ‘Income’. Would I trigger a CGT event?
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It is not a spilt capital trust.
Each one has a unique ISIN:
GB00B2PP3J36 (Income shares)
GB00B2PP2527 (Growth shares)
As you would expect, the ‘Growth’ shares don’t pay dividends, the ‘Income’ shares do.
Say I held a number of ‘Growth’ shares for many years, and decided to convert these shares to ‘Income’. Would I trigger a CGT event?
[broken link removed]