The ProVen Growth & Income VCT share offer for the tax years 2016-17 and 2017-18 is closed to further applications, as at 5pm on 31 January 2017.
The final allotment for the 2016-17 tax year is expected to take place on 3 March 2017. There will be a further allotment for the tax year 2017-18 to follow as soon as practicable after 5 April 2017.
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The ProVen VCTs are managed by Beringea LLP, a specialist private equity fund manager based in the UK which is authorised and regulated by the Financial Conduct Authority (FCA). Beringea LLP's FCA Firm Reference Number is 496358.
The market price of VCT shares may not reflect the full underlying net asset value ("NAV") of shares and shareholders may have dificulty in selling their shares and any sale is likely to be at a discount to the NAV.
The value of shares in a VCT and the income from them may fluctuate and investors may not get back the amount they invested. The market price of VCT shares is unlikely fully to reflect their underlying net asset value. It is possible that there may not be a liquid market in the shares of VCTs and shareholders may have difficulty in selling their shares. Any sale is likely to be at a discount to net asset value.
VCTs invest in a portfolio of small companies, which by their nature carry greater risk than larger, quoted companies.
Due to a number of the features and risk factors associated with VCTs, it is an investment that is more appropriate for HNWs/Sophisticated Investors.
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