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ProductUnicorn AIM VCTPembroke VCTMaven VCT 3 & 4
Offer Size OFFER NOW CLOSEDOFFER NOW CLOSED£20 Million Joint Offer, raising £10 million in each VCT
Over AllotmentNone£20m£10 Million
Minimum Investment£3,000£5,000£3,000
Initial Charge2.5%5.5% for investors under the Offer who have invested directly and have no received advice.

3.0% for investors who have invested in the Offer through an intermediary and have received upfront advice.
2.5% (reduced by Early Investment Incentive if applicable)
AMC/Ongoing ChargeWith 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%2.5%
OCF2.5%VCT 3 - Capped at 3.8%
VCT 4 - Capped at 3.5%
Performance FeeNonePerformance Fee of 20%
of the amount by which cumulative realised gains exceed
cumulative realised losses will be payable to the Manager
Maven VCT 3 - equivalent to 15% of any increase in the total return (before applying any performance incentive fee) as at the end of the relevant six month period compared to the total return at the end of the most recent previous six month period in respect of which a performance incentive fee was paid

Maven VCT 4 - equivalent to 20% of any increase in the total return (before applying any performance incentive fee) as at the end of the relevant six month period compared to the total return (after accruing for the performance incentive fee payable for that period) as at the end of most recent six month period in respect of which a performance incentive fee was paid.
Enhanced TermsExisting investors: 1.0% share bonus for completed applications and cleared funds by 7 January 2022 (capped to the first £5 million received). - NOW SOLD OUT

New investors: 0.5% share bonus for completed applications and cleared funds by 7 January 2022 (capped to the first £5 million received). - NOW SOLD OUT
1.5% of the Application Amount for Existing Shareholders


1.25% of the Application Amount for New Investors
Offer Close Date31 March 2022 (or, if earlier, as soon as the Offer is fully subscribed or otherwise at the board’s discretion)29 March 2022, 3pm:
Deadline for receipt of hard copy and scanned Application Forms and cleared funds for final allotment

5 April 2022, 12pm:
2021 / 22 tax year - Deadline for receipt of online Application Forms and cleared funds for final allotment

6 May 2022, 12pm:
2022 / 23 tax year - Deadline for receipt of online Application Forms and cleared funds for final allotment
Tax Year 2021/22 - 4th April 2022, 12:00pm

Tax Year 2022/23 - 27th May 2022, 12:00pm
Minimum Investment Period5 years5 years 5 years
LiquidityDaily & VCT offers monthly buybacks, subject to Board approvalBuyback subject to board approval Company buy back policy available
Investment ObjectiveCapital Growth & IncomeProvide attractive income and capital returnCapital Growth & Income
Manager Unicorn Asset ManagementOakley Capital GroupMaven Capital Partners
Tax-free GrowthYesYesYes
Tax-free DividendsYesYesYes
Income Tax ReliefYesYesYes

*Not chargeable on death

 

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