The Maven VCT Offers, which gave investors the opportunity to invest in four established and income producing VCTs managed by Maven Capital Partners, have now closed.
The Offers, which were due to close on 5 April 2012 for 2011/12 applications, and 27 April 2012 for tax year 2012/13, are now fully subscribed after the target of GBP1.25 million per company was achieved on 29 February 2012.
Investors under the Offers have gained access to four highly diversified portfolios of profitable private businesses with strong yield characteristics, and are immediately eligible for regular and attractive levels of tax-free income, including any final dividends payable between May and July 2012.
Bill Nixon (pictured), Managing Partner of Maven Capital Partners, says :“We are extremely pleased by the level of take-up of our recent top-up offers. We have seen strong appetite from investors as they provide access to four established portfolios of identifiable, later stage private company holdings, whereas a new VCT would take several years to construct an asset base and be in a position to deliver significant levels of dividend income. These offers give investors the chance to combine valuable VCT tax benefits with access to a broad mix of UK businesses, in tandem with an immediate entitlement to a multi-fund dividend flow.
“VCTs remain an interesting and attractive investment proposition and offer private investors the opportunity to gain exposure to an asset class which is generally non correlated to the performance of quoted markets.”
