Bringing you live news and features since 2006 

Maven Capital Partners launches linked VCT offer

RELATED TOPICS​

Maven Capital Partners UK, a generalist venture capital trust house, currently has a limited offer for new ordinary shares across four Maven income and growth VCTs. 

The Maven Linked VCT Offer, open for tax years 2009/10 and 2010/11, is a linked top-up across four mature and diversified funds.

Investors receive 30 per cent tax credit and gain exposure to a portfolio of established and income producing private company assets.  
 
Additionally, the effective entry cost is reduced further as investors benefit from any final dividends payable by each of those trusts, all of which would be payable by July 2010, with two having already been declared or forecast at 2.5p each.
 
Bill Nixon, managing partner, Maven Capital Partners UK, says: “It’s fair to say that VCTs are to some extent still tainted by some patchy performance when the sector was in its infancy in the mid to late 1990s. Since that time however, both the market and the quality of the managers running VCTs have matured, to the point where there are now some very well managed portfolios available to investors, through an array of attractive tax efficient vehicles.
 
“The Linked Offer from Maven provides access to four VCTs that have together generated a weighted tax free yield of over ten per cent over the last three years (assuming 30 per cent tax relief at outset). We believe it presents a compelling opportunity for anyone looking to maximise VCT tax breaks and income as we approach the tax year end.”
 
The fund will close on 30 April 2010. Due to bank holidays, postal applications for 2009/10 will need to be received by 1 April 2010.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by