Can I sell investment trusts from my Investment Trust ISAs, in order to invest in an ICVC ISA?
Yes, you can switch investment trusts held within your Investment Trust ISA into an ICVC ISA at any time.
You need to return your completed ‘ICVC ISA application form’ along with a covering letter, stating which of your investment trusts you wish to switch into an ICVC ISA.
Our address is:
Invesco Perpetual Administration Centre
PO Box 11150
Your investment trusts will be sold subject to our standard switching charges and terms, after we receive the instructions. If we receive instructions before 12 noon the shares will be sold on the same business day and for instructions received after 12 noon, by the end of the next business day.
Where you instruct us to raise a specific amount by selling investment trust shares (in one or more Investment Trusts) the amount invested in the ICVC ISA will be the exact amount requested; any Residual Cash balances will be held until invested or used to cover Investment Trust plan charges or paid out on the closure of your ISA. Sale proceeds are invested into your chosen fund(s), within your ICVC ISA at the next valuation point after the sale of your Investment Trust ISA. Reinvestment into the new ICVC fund(s) will benefit from a 4% discount on the 5% entry charge.
Please ensure you have been provided with the most recent fund and share class specific Key Investor Information Document(s), the Supplementary Information Document and our ICVC ISA Key Features and Terms & Conditions before making any decision to invest.