VCT Matrix

Product	Unicorn AIM VCT - OFFER CLOSED	Pembroke VCT	Seneca Growth Capital VCT	Maven VCT 3 & 4
Offer Size	£15 Million	£20 Million	£10 Million	£15 Million Joint Offer, raising £7.5 million in each VCT
Over Allotment	£10 million	£20 Million	£10 Million
Minimum Investment	£3,000	£3,000	£3,000
Initial Charge	2.5%	3.5%	1% until end of February 2020	2.5%
AMC/Ongoing Charge	2%	2%	2%	VCT 3 - N/A VCT 4 - N/A
OCF		2.4%	3% p.a. (including AMC of 2% + VAT p.a.)	Maven VCT 3 - N/A Maven VCT 4 - N/A
Performance Fee	None	On returns above 3p per share	On returns above 3p per share
Early Bird Offer	0.5% (for existing investors applications completed by 1st Marcg 2019)		N/A
Offer Close Date	5th April 2019	5th April 2019	5th April 2019
Minimum Investment Period	5 years	5 years	5 years	5 years
Liquidity	Daily & VCT offers monthly buybacks, subject to Board approval	Buyback subject to board approval	Company buy back policy available	Company buy back policy available
Exit Charge	N/A	N/A	N/A	N/A
Target Return	N/A	N/A	N/A	N/A
Loss Relief	No	No	No	No
IHT Relief	No	No	No	No
Investment Objective	Capital Growth & Income	Provide attractive income and capital return	Provide attractive income and capital return	Capital Growth & Income
Manager	Unicorn Asset Management	Oakley Capital Group	Seneca Partners	Maven Capital Partners
Tax-free Growth	Yes	Yes	Yes	Yes
Tax-free Dividends	Yes	Yes	Yes	Yes
Income Tax Relief	Yes	Yes	Yes	Yes

*Not chargeable on death