Can my investor make a withdrawal from the Blackfinch Spring Venture Capital Trust (VCT)?

VCTs are intended to be held for at least five years to benefit from the available tax reliefs. They are not suitable for investors who may need access to their capital at short notice. To retain the upfront Income Tax relief, VCT shares must be held for at least five years. Selling before this period ends will result in the relief being repaid to HMRC.

Ad hoc withdrawals are not available. However, investors can request to participate in the VCT's share buyback facility. Share buybacks are intended to take place at regular intervals throughout the year. They are subject to the Board's discretion, market conditions, applicable regulations, and the availability of sufficient reserves and distributable cash resources. Where a buyback takes place, shares are expected to be repurchased at a discount of up to 5% to the latest published Net Asset Value (NAV) per share.

Alternatively, VCT shares can be sold on the secondary market. However, demand is typically limited, and shares are often sold below the latest published Net Asset Value (NAV).