Blog

This week City Wire highlighted that Octopus EIS 2 has suffered a 42% drop in value. The fund raised £18.3m from 170 investors and closed to new investment in January 2011. The money was then invested in ten unquoted film and music rights companies between February and April 2011. The shares are currently valued at 58p, down from the issue price of £1, a 42% paper loss. The Damage Let’s say for the sake of argument that the investors do get out today at 58p per share, what would be their actual return after claiming the EIS tax reliefs? The minimum subscription… continue reading