"The Gresham House VCTs are among the most popular VCTs in the market - raising £27.7 million in just 24 hours the last time they were open. It's not hard to see the draw for investors. Over five years the VCTs have returned a respectable 31% on average, not a bad result during a tough period for venture investments and UK smaller companies more generally. However, over ten years the two VCTs have averaged 115% - the best return of any VCT."
"The VCTs recently upped their dividend target, and now aim to pay out the equivalent of 7% of NAV every year. That's among the most generous of all VCTs dividend policies - which will only add to the VCT's appeal. Put all that together with a cut in VCT income tax relief from next year and it wouldn't be a surprise to see the Gresham VCTs fill-up faster than ever this year. For investors looking to lock in a Gresham VCT investment with 30% tax relief it will pay to act quickly."
Gresham House Income & Growth VCTs have launched an offer of up to £95 million (£65 million plus a £30 million overallotment). The VCTs hold total net assets of £338.5 million and a portfolio of around 50 companies. The VCTs have produced top returns among VCTs, averaging 31% over five years and 115% over ten years. The VCTs recently increased their dividend target to the equivalent of 7% of NAV annually. VCT tax benefits include up to 30% income tax relief up front (falling to 20% next year), tax-free dividends, and capital-gains-free growth, while providing access to fast-growing smaller companies.
Read at London Business News | Londonlovesbusiness.com
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