Unicorn AIM VCT

Unicorn AIM VCT is the largest single AIM VCT and offers investors exposure to a mature and established portfolio of companies listed on AIM.

Executive summary

Unicorn AIM VCT is raising £30 million through a top-up offer, with an over-allotment facility of up to a further £20 million. This follows a very successful fundraise in January 2017, which was over-subscribed and closed 15 days after launch.

The Unicorn AIM VCT, as the name suggests, will predominantly invest in companies quoted on the Alternative Investment Market (AIM), the UK’s junior stock exchange.

This is the largest AIM-focused VCT, c. £162 million in size, having merged with Unicorn AIM VCT 2 in 2010 and Rensburg AIM VCT in January 2016. It is also one of the most diverse VCTs, currently invested in c. 95 companies across 17 different sectors.

Given the maturity of the portfolio, investors will gain immediate exposure to some of the larger and more established AIM listed companies, and will benefit from the prospects of capital growth and tax-free dividends.

The objectives are simple and transparent, to preserve capital in the short term, provide an attractive and sustainable dividend income in the medium term and finally produce high capital growth and superior total returns over the long term.

Funds raised in this offer will be used to make both new and follow-on investments, as well as to meet annual running costs such as the payment of dividends and market purchase of shares (share buybacks).

Shares will be allotted every couple of weeks during the offer period, and will be based on the latest net asset value available.

About the manager

Unicorn Asset Management Limited is an independently owned and managed investment management company. Founded in 2000, Unicorn offers both open and closed ended investment funds, including an AIM Venture Capital Trust, designed to satisfy a variety of investor requirements. Their approach to investing is traditional, long term, and “unashamedly old fashioned”, only investing in businesses they understand and which they believe have long term growth potential.

How to invest

All application forms should be sent to EQ Investors in order to qualify for the discounts. Please note that information on closing dates is provided by the VCT Managers. In practice offers may be over-subscribed earlier, or may be extended. During the two months prior to the end of the tax year we strongly recommend that applications are submitted to us as soon as possible to avoid disappointment.

Important Information

The information set out above is included for information purposes only and is not an offer or an invitation to buy or sell or a solicitation of an offer or invitation to buy or sell or enter into any agreement with respect to any security, product, service or investment. Any opinions expressed do not constitute investment advice and independent advice should be sought where appropriate. All information is current as of the date of publication, subject to change without notice, and may become outdated over time.

Links to third party sites or pages are for information purposes only and such sites and pages are not part of this website or the responsibility of EQ Investors Limited and have not have been reviewed or verified by EQ Investors Limited. Following links to or from any other sites or pages shall be at your own risk.

Venture Capital Trusts should be regarded as higher risk investments, suitable only for experienced investors who are able to withstand losses.

Overview

VCT typeEvergreen
Offer typeTop-up
EQ discountNew Investor 3.0%
Existing Investor 3.0%
Closing date26 September 2017
Raised / sought£21.0m / £30.0m
Min. investment£2,000