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Maven Capital Partners launches linked VCT offer


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.

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