Successful EIS exit of Goldfinch Pictures, returning £1.23 per £1 invested, MICAP review now available
We are pleased to announce that initial investors in Goldfinch’s first EIS company, Goldfinch Pictures, have received a cash return of £1.23 per £1 invested (excluding income tax relief and after all fees / charges). With tax relief this figure rises to £1.53. The holding period for this investment was 3 years 7 months. Including upfront income tax relief, for a higher rate taxpayer is equivalent to a taxable return of over 25% pa.
The team behind the successful EIS exit are currently raising funds for the Goldfinch EIS Fund. The fund is targeting £1.20 per £1 (excluding tax relief) by investing multiple media projects, with a focus on projects with commercial visibility.
In addition to the recent exit news, the Micap review on the fund has now been published – micap.com/review/495
To see the latest showreel of projects from the Goldfinch team click on the below: