Maven is pleased to announce that its Linked VCT Offer has surpassed its target fundraising total of £20 million, but the VCTs have elected to use an over-allotment facility, which ensures that any investors still looking to invest for the 2014/15 tax year will have the opportunity to do so. This is the 3rd year in succession where Maven’s Linked VCT Offer has reached its target early.
The over-allotment facility allows the VCTs to extend the total subscription level beyond the £20 million target, to meet additional investor demand. This now means that there is up to £5 million of spare capacity for investors to participate in the Offer up until 30 April for the 2014/15 tax year.
Venture Capital Trusts have never been so popular with assets under management for the sector now exceeding £3 billion (source AIC). Maven has seen an increase in investor appetite as the sector has consolidated and investors seek out capable managers with established track records and a history of paying regular levels of tax-free dividends.
If you want to find out more information about the current Maven VCT Linked Offer please click here.