Hargreave Hale AIM VCT has launched an offer for subscription to raise £20m, with an over-allotment facility to raise up to a further £20m.
The trust's portfolio is valued at £161.9m and targets an annual dividend of 5% of net asset value. Nicholas Hyett, investment manager at Wealth Club, described the VCT's mix of main market securities, fixed income investments, unquoted companies and AIM-listed businesses as "unusual". Foresight Technology VCT launches £15m share subscription offer "A more diverse portfolio has the potential to smooth out some of the volatility that is an unavoidable part of investing in smaller companies, although it may also limit the potential for the most impressive returns," said Hyett. ...
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