Foresight 4 VCT plc is a generalist fund aiming to provide investors with attractive returns from a portfolio of investments in fast-growing, unquoted UK companies. The Fund is now able to accept ISA funds through a new partnership with Platform One.
Foresight 4 VCT is raising further funds through an offer for subscription to raise up to £50 million (with an over-allotment facility for a further £30 million). This will be raised through the issue of new shares.
Foresight 4 VCT Offer for Subscription
The merger with Foresight 3 VCT plc, in June 2017, has increased the scale of the Company to approximately £75 million with a diversified portfolio of more than 25 established companies.
Foresight 4 VCT will target UK unquoted companies to provide investors with attractive returns. This will sought to be achieved through maximising tax-free income available to investors through a combination of dividends and interest received on investments and the distribution of capital gains from trade sales or flotations.
Details of the Offer
|Offer opened||14 June 2018|
|Closing date for tax year 2018/19||5 April 2019 (12 noon)|
|Closing date for tax year 2019/20||30 April 2019 (12 noon)|
|Sectors||Generalist private equity|
|Maximum subscription||£200,000 (in each tax year for VCT Tax Relief)|
|Early bird incentive||1.0% discount for applications received by noon 31 August 2018|
|Shareholder loyalty bonus||0.5% discount for existing shareholders of Foresight VCTs|
Click here to review the full offer in the Foresight 4 Securities Note and Offer.
Foresight 4 VCT is now able to accept ISA funds
Foresight 4 VCT is now able to accept ISA funds through a new partnership with Platform One.
Investors will now be able to transfer funds from existing ISA products into Foresight 4 VCT whilst maintaining ISA status and without sacrificing their lifetime allowance. Applications to invest will need to be made through Platform One. Click here to learn more about how to invest.
|Year end||31 March|
|Annual report & accounts published||July|
|Half year||30 September|
|Half yearly report published||November|
|Annual General Meeting||October|
Important Information: The Company currently conducts its affairs so that the shares issued by Foresight 4 VCT plc can be recommended by IFAs to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future.
Foresight Group LLP is authorised and regulated by the Financial Conduct Authority (FRN: 198020). As with all investing, capital is at risk.