their gains. An approved investment trust must be resident in the United Kingdom derive most of its income from investments distribute at least 85% of its investment income as dividends (unless prohibited by company law) The company must not hold more than 15% of its investments in any single company (except another investment trust) and must not be a close company. Investment trusts were in 2012 given the ability to distribute capital profits to shareholders. Investment trusts that wished to take advantage of this had to change their Articles of Association, with shareholders' approval, to allow such distributions. However, only a small minority of investment trusts distribute their capital profits. See also Closed-end fund Income trust Real estate investment trust Venture capital trust Investment company References External links Morningstar Investment Trusts - Qualitative and quantitative information including screening tools for UK Investment Trusts Investment funds de:Investmentgesellschaft ru:Доверительное управление