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Additional information for investors holding investment trust holdings within an Invesco Perpetual ISA and/or Investment Trust Savings Scheme

Article | 31 March 2017

We previously wrote to investors who hold investment trusts in an Invesco Perpetual ISA and/or Investment Trust Savings Scheme (ITSS), to inform them that we’ll no longer be offering investment trusts within these products from 13 April 2017, with the day to day servicing of investment trust accounts being taken over by The Share Centre.

Details of this original communication can found here.

Mailing to affected investors

Please be aware that we’ve written out to all affected investors again recently, reminding them of the transfer of investment trust accounts to The Share Centre, over the Easter bank holiday weekend of 14 to 17 April 2017.

Important information for ISA investors

As investors can only invest in one stocks and shares ISA per tax year with one ISA Manager, following the transfer of their investment trust holdings to The Share Centre ISA investors will only be able to subscribe to either their Share Centre Self-Select Stocks and Shares ISA or their Invesco Perpetual ISA for the 2017/18 tax year and subsequent tax years (but not into both).

Monthly savings plans

If investors currently invest monthly into investment trusts and wish to continue to do so, they will need to complete the supplied The Share Centre Regular Investing form and return it to The Share Centre, using the Reply Paid Envelope provided.

In addition, where an ISA investor invests monthly into ICVCs within the Invesco Perpetual ISA, they’ll need to instruct us to discontinue their Direct Debit mandate before 5 April 2017 if they wish to subscribe to their Share Centre Self Select Stocks & Shares ISA for the 2017/18 tax year.

If ISA investors are completing The Share Centre Regular Investing form, they will also need to fill in the supplied The Share Centre Application for an Individual Savings Account (ISA) 2017/2018.

Please note that if investors are setting up a new Direct Debit with The Share Centre, this will not be done until after their existing holdings have transferred across over the Easter bank holiday weekend of 14 to 17 April 2017.

Sale/switch instructions

We previously communicated that the last date for receiving sale instructions would be midday on Thursday 13 April 2017. Please note that in order to facilitate a smooth transition to The Share Centre, we now require any instructions to sell investment trust holdings by midday on Wednesday 12 April 2017. In addition, any requests to switch investment trust holdings into one or more of the Invesco Perpetual ICVC Fund Range, within an existing Invesco Perpetual ISA, will need to be received by midday on Tuesday 11 April 2017.

No response

If we haven’t received a valid response by midday on 12 April 2017, then investors will be deemed to have chosen to have their investment trust holdings transferred from Invesco Perpetual to The Share Centre.

Any investors resident in the countries that cannot transfer across to The Share Centre, which we have not heard from by the above date, will have their investment trust holdings sold and the sale proceeds sent to them.

More information

If you have any questions about The Share Centre, please go to www.share.com/InvescoTransfer. Alternatively, you can contact them directly on +44(0) 1296 414670 or via service@share.co.uk. They’re available Monday to Friday, 8:00am to 6:00pm (excluding Bank Holidays).

If you have any questions for us, please call us on either 0800 028 5544 or +44(0) 1268 447410. Alternatively you can email us at enquiry@invescoperpetual.co.uk. We’re here Monday to Friday, from 8:30am to 6:00pm (excluding Bank Holidays).