Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

How to transform dividends into capital gains?
Some investment trusts have "zero dividend preference shares" which deliver all their gains as capital gains rather than income, even if the trust was investing in income yielding stocks. They've rather gone out of fashion after a scandal some years ago (~2000).  Good 2014 article on them here includes the quote  "Because profits from zero dividend preference shares are taxed as   capital gains, they can be used tax efficiently if you are smart about   how you use your annual capital gains tax allowance."