DEAL OF THE WEEK

THE ELUSIVE search for investment income of 8 per cent or more may have been answered this week by Close Fund Management. It is launching a "split capital investment trust" focussing on the FTSE 100 share index, with so-called "zero dividend preference shares". These have a gross redemption yield of 8.25 per cent over five years, with below average risk. Also available are "income shares" with an initial gross dividend of 8 per cent. Call 0800 269824. Do get advice from an independent financial adviser. Call 0117 9711177 for one near you.

Nic Cicutti

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