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Gross interest distribution payments

News | 26 May 2017

Following the Budget of March 2016, we've changed the Invesco Perpetual Gross Share Classes and the way we pay interest distributions.

Since 6 April 2017, we have been paying interest distribution payments from ICVCs without an income tax deduction.

If you are invested in any of the Invesco Perpetual funds that pay an interest distribution, you will now receive this on a gross basis. The Tax Vouchers you receive will make this clear.

As the standard share classes now pay distributions gross, there is no longer any need for dedicated Invesco Perpetual Gross Share Classes.

Over the weekend of 27 May 2017, we will be converting gross share class holdings in any of the below named funds into the equivalent standard share class. Click the fund names to see the conversion share prices that will be used.

Share class Share price (£)
Accumulation 1.9946
Accumulation (Gross) 2.2563
Income 0.9106
Income (Gross) 0.9111
Accumulation (No Trail) 1.7811
Accumulation (No Trail Gross) 2.5497
Income (No Trail) 1.2036
Income (No Trail Gross) 2.1348
Y Accumulation 2.2927
Y Accumulation (Gross) 2.3440
Y Income 2.0370
Y Income (Gross) 2.0297
Z Accumulation 2.4914
Z Accumulation (Gross) 2.5790
Z Income 2.1354
Z Income (Gross) 2.1362

As at 26 May 2017 (GBP)

Share class Share price (£)
Accumulation 1.2101
Accumulation (Gross) 1.4039
Income 0.6615
Income (Gross) 0.6614
Accumulation (No Trail) 1.8708
Accumulation (No Trail Gross) 2.8617
Income (No Trail) 1.1642
Income (No Trail Gross) 2.3043
Y Accumulation 2.3445
Y Accumulation (Gross) 2.4107
Y Income 2.0722
Y Income (Gross) 2.0706
Z Accumulation 2.7724
Z Accumulation (Gross) 2.8891
Z Income 2.3268
Z Income (Gross) 2.3263

As at 26 May 2017 (GBP)

Share class Share price (£)
Accumulation 1.3866
Accumulation (Gross) 1.4792
Income 0.8948
Income (Gross) 0.8952
Accumulation (No Trail) 1.5635
Accumulation (No Trail Gross) 2.4183
Income (No Trail) 1.3881
Income (No Trail Gross) 2.2675
Y Accumulation 2.3881
Y Accumulation (Gross) 2.4105
Y Income 2.2746
Y Income (Gross) 2.2719
Z Accumulation 2.4121
Z Accumulation (Gross) 2.4461
Z Income 2.2677
Z Income (Gross) 2.2682

As at 26 May 2017 (GBP)

Share class Share price (£)
Accumulation 0.6008
Accumulation (Gross) 0.6167
Income 0.5368
Income (Gross) 0.5367
Accumulation (No Trail) 1.2199
Accumulation (No Trail Gross) 1.2524
Income (No Trail) 1.0900
Income (No Trail Gross) 1.0899
Y Accumulation 2.4596
Y Accumulation (Gross) 2.5258
Y Income 2.1977
Y Income (Gross) 2.1982
Z Accumulation 2.4559
Z Accumulation (Gross) 2.5217
Z Income 2.1945
Z Income (Gross) 2.1950

As at 26 May 2017 (GBP)

Share class Share price (£)
Accumulation 0.9997
Accumulation (Gross) 1.0575
Income 0.7829
Income (Gross) 0.7839
Accumulation (No Trail) 2.0530
Accumulation (No Trail Gross) 3.2384
Income (No Trail) 1.6081
Income (No Trail Gross) 2.5347
Y Accumulation 2.4650
Y Accumulation (Gross) 2.5344
Y Income 2.1192
Y Income (Gross) 2.1110
Z Accumulation 3.1222
Z Accumulation (Gross) 3.2637
Z Income 2.5541
Z Income (Gross) 2.5544

As at 26 May 2017 (GBP)

Share class Share price (£)
Accumulation 1.1781
Accumulation (Gross) 1.3953
Income 0.4320
Income (Gross) 0.4323
Accumulation (No Trail) 2.4602
Accumulation (No Trail Gross) 2.7509
Income (No Trail) 1.6808
Income (No Trail Gross) 2.1625
Y Accumulation 2.2882
Y Accumulation (Gross) 2.3596
Y Income 1.9804
Y Income (Gross) 1.9772
Z Accumulation 2.6502
Z Accumulation (Gross) 2.7727
Z Income 2.1773
Z Income (Gross) 2.1766

As at 26 May 2017 (GBP)

Share class Share price (£)
Accumulation 0.9037
Accumulation (Gross) 0.9556
Z Accumulation 2.0237
Z Accumulation (Gross) 2.0290

As at 26 May 2017 (GBP)

Share class Share price (£)
Accumulation 3.2588
Accumulation (Gross) 3.8871
Income 1.1222
Income (Gross) 1.1234
Accumulation (No Trail) 1.8942
Accumulation (No Trail Gross) 2.7912
Income (No Trail) 1.1146
Income (No Trail Gross) 2.1984
Y Accumulation 2.3346
Y Accumulation (Gross) 2.4062
Y Income 2.0430
Y Income (Gross) 2.0410
Z Accumulation 2.6887
Z Accumulation (Gross) 2.8145
Z Income 2.2172
Z Income (Gross) 2.2166

As at 26 May 2017 (GBP)

Share class Share price (£)
Accumulation 0.7232
Accumulation (Gross) 0.7530
Income 0.6128
Income (Gross) 0.6132
Accumulation (No Trail) 1.4902
Accumulation (No Trail Gross) 2.4163
Income (No Trail) 1.2267
Income (No Trail Gross) 2.1728
X Accumulation 2.1890
X Accumulation (Gross) 2.2138
X Income 2.0518
X Income (Gross) 2.0478
Y Accumulation 2.1844
Y Accumulation (Gross) 2.2090
Y Income 2.0472
Y Income (Gross) 2.0423
Z Accumulation 2.3849
Z Accumulation (Gross) 2.4355
Z Income 2.1732
Z Income (Gross) 2.1742

As at 26 May 2017 (GBP)

We will be notifying any investors affected by this change in writing, and following the conversion we will also confirm the new holdings in the standard share class. While the number of shares held may change following the conversion, the value of any investments will not be affected.

Please note that although the conversions will take place over the weekend of 27 May 2017, contract notes issued will show the transaction date of 26 May 2017.

If you have standard share class holdings in any of the above funds within an ISA we won’t be making any conversions, however interest distributions will be paid differently going forward. Find out more.

More information

If you have any questions, please contact us on freephone 0800 085 8677. We’re available Monday to Friday, between 8.30am and 6pm.

Investment risks

The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.

Important information

For the most up to date information on our funds, please refer to the relevant fund and share class-specific Key Investor Information Documents, the Supplementary Information Document, the ICVC ISA Key Features and Terms & Conditions, the Annual or Interim Short Reports and the Prospectus, which are available using the contact details shown. For details of fund specific risks, please refer to the relevant Key Investor Information Documents.