| Product | Unicorn AIM VCT | Pembroke VCT | Maven VCTs |
| Offer Size | OFFER NOW CLOSED | £40 million | £30 million |
| Over Allotment | None | £20m | (including £10m over-allotment facility) |
| Minimum Investment | £3,000 | £5,000 | £5,000 (minimum £1,000 per VCT) |
| Initial Charge | 2.5% | 3.0% Advised, 5% direct | 2.5% (before early investment discount) |
| AMC/Ongoing Charge | With effect from 1 January 2022 Up to £200 million - 2.0% per annum as at the relevant quarter date In excess of £200 million & up to £450 million - 1.5% per annum as at the relevant quarter date In excess of £450 million - 1.0% per annum as at the relevant quarter date | 2% | VCT 1 - 2% per annum VCT 3 - 2.5% per annum VCT 4 - 2.5% per annum VCT 5 - 1.75% per annum |
| OCF | / | / | |
| Performance Fee | None | 20% of the amount by which cumulative realised investment gains exceed cumulative realised investment losses. For full details, see the prospectus. | VCT 1 - 10% of the net asset value total return in relation to each financial year. VCT 3 - 15% of any increase in the total return. VCT 4 - 20% of any increase in the total return. VCT 5 - 15% on net realisations from private equity investments; and 7.5% of increase in value of the quoted portfolio. |
| Enhanced Terms | Existing investors 1.0% discount for completed applications and cleared funds by 31st December 2023 (capped at the first £5 million received). New investors 0.5% discount for completed applications and cleared funds by 31st December 2023 (capped at the first £5 million received). | An Early Investment Incentive is available on applications received (with funds) by 31 January 2024, offering a discount of: 1.5% on the initial cost for existing Maven shareholders and 1.25% for new investors. |
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| Offer Close Date | 31 March 2022 (or, if earlier, as soon as the Offer is fully subscribed or otherwise at the board’s discretion) | Tax Year 2023/24 - 12 noon on 5 April 2024 Tax Year 2024/25 - 3pm on 28 June 2024 | Tax Year 2023/24 - 9am on 5 April 2024 Tax Year 2024/25 - 9am on 26 April 2024 |
| Minimum Investment Period | 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 - 5% discount to NAV |
| Investment Objective | Capital Growth & Income | Provide attractive income and capital return | Capital Growth & Income |
| Manager | Unicorn Asset Management | Oakley Capital Group | Maven Capital Partners |
| Tax-free Growth | Yes | Yes | Yes |
| Tax-free Dividends | Yes | Yes | Yes |
| Income Tax Relief | Yes | Yes | Yes |