VCT News
ProVen VCT 'C' Share Offer
- £4 million raised in first 5 weeks
- Early bird offer closes next week
21st December 2006 - London - ProVen VCT announced today that the recently launched 'C' Share Offer has raised £4 million since opening on November 15, 2006. Investors are still able to take advantage of an 'Early Bird' offer, which is valid until the close of business on Friday 29 December 2006.
Managed by Beringea Ltd, ProVen VCT is the best performing fund in its launch year, and is ranked 5th out of 61 VCTs with a track record longer than three years1.
Early Bird Offer
Additional Shares for Early Investment
Investors who apply before 5.00pm on 29 December 2006 will receive 10 extra 'C' shares for each £1000 invested, equivalent to a discount of 1% on the normal subscription price per 'C' share.
IFAs will receive an extra 1% commission when selecting the renewal commission option, making it 3.25% upfront + 0.375% renewal.
For more information about the ProVen VCT ‘C’ share offer, or for a prospectus, please contact Jeff Cornish on 020 7845 7820 or email info@beringea.co.uk.
The ProVen C share offer prospectus can be downloaded here. The terms of use in relation to VCTs must be read.
1 Source: www.taxefficientreview.com
About Beringea Ltd
Beringea Ltd. is an international private equity and investment banking firm with offices in London, Detroit, Los Angeles and Shanghai. Beringea is the manager of funds including Proven VCT, ProVen Growth & Income VCT, and Global Rights Fund II, amongst others.
Beringea launched its first VCT in 1996, making it one of the most experienced VCT managers in the UK. ProVen VCT and ProVen Growth & Income are the highest performing VCTs of their launch years, according to www.taxefficientreview.com. In 2006 the Association of Investment Companies named ProVen Growth & Income as its highest performing VCT member.
www.beringea.com / www.provenvcts.com
Beringea Ltd is authorised and regulated by the Financial Services Authority
FSA FRN: 138888