Witan is waiving its standard dealing fee for lump sum investments into a Witan Wisdom Stocks and Shares ISA made before 30th April 2011, a potential saving of over £200*.
Investors can choose either the Witan Investment Trust or Witan Pacific (or their preferred combination of the two) and the offer applies to ISA investments in both this tax year (to midnight** on 5th April 2011) and in the next tax year starting on 6th April 2011 – providing the investments are made by the deadline of 30th April 2011.
Witan Investment Trust is the only global equity multi-managed investment trust and is diversified by manager, geography and sector. It has a progressive dividend policy and has delivered 36 consecutive years of dividend growth.
For investors seeking exposure to Asia and Japan, Witan Pacific provides a one stop access to the whole of the Far East. Its multi manager approach offers diversification; it has a low total expense ratio relative to other Asian funds and dividends have doubled in the past five years.
The Witan Wisdom website; www.witanwisdom.com has details of how to invest.
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For further information please contact:
Andrew Bell, Chief Executive Officer
Witan Investment Trust plc
Tel: 020 7227 9770
Andrew.bell@witan.co.uk
James Frost, Marketing Director
Witan Investment Trust plc
Tel: 020 7227 9770
James.frost@witan.co.uk
Jain Castiau, Director
Cauldron Consulting
Tel: 0203718 7236/07909 963 969
Jain.castiau@cauldron-consulting.com
Notes to Editors
*1% saving on dealing costs equates to £102 on a full ISA contribution in the tax year ending 5 April 2011 and a further £106.80 in the next tax year starting on 6th April 2011. (Calculation based on contributions of £10,200 year ending 5/4/11 and £10,680 year commencing 6/4/11). The free dealing promotion is available for lump sum investments only and is subject to the standard product minimum of £2,000 for new accounts and £500 for existing accounts. Stamp duty of 0.5% is payable on all share transactions.
**ISA applications delivered by hand to the office of our administrator in Basildon will be accepted until Midnight on the 5th April. The address is IFDS House, St Nicholas Lane, Basildon, Essex, SS15 5FS
Witan Investment Trust plc
Established in 1909, Witan is one of the UK’s largest investment trusts, managing some £1,275m (Source: AIC MIS as at 28.02.2011) on behalf of some 36,000 investors (Source: Witan as at 31.12.2010). Witan is listed in the ‘Global Growth’ sector and is a member of the FTSE 250 index. Registered as an Investment Company in England No 101625.
Witan Investment Services Limited is a wholly owned subsidiary of Witan Investment Trust plc. www.witan.com
Witan Pacific Investment Trust plc
Witan Pacific Investment Trust is an Asia-Pacific including Japan Trust with assets of £167m (Source: AIC MIS as at 28.02.2011). The Trust moved to a multi-manager structure on 27 May 2005 with Witan Investment Services as Executive Manager. The Trust’s benchmark is MSCI AC Asia Pacific Free Index (£). Witan Pacific Investment Trust plc is registered as an Investment Company in England No 91798. www.witanpacific.com
The above section is based on Witan Investment Services Limited’s understanding of Revenue law and practice as at March 2011. Please note that tax assumptions may change if the law changes, and the value of tax relief (if any) will depend upon your individual circumstances. Investors should consult their own tax advisers in order to understand any applicable tax consequences.
Witan Investment Trust and Witan Pacific Investment Trust are equity investments. Please remember that past performance is not a guide to future performance. The value of an investment and the income from it can fall as well as rise as a result of currency and market fluctuations and you may not get back the amount originally invested. Issued and approved by Witan Investment Services Limited. Witan Investment Services Limited is registered in England no. 5272533 of 14 Queen Anne’s Gate, London SW1H 9AA. Witan Investment Services Limited provides investment products and services and is authorised and regulated by the Financial Services Authority. We may record telephone calls for our mutual protection and to improve customer service.
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