VCT News
Top Up Offers Update: ProVen Growth and Income Fully Subscribed
ProVen VCT - Now Open to Non-Shareholders
Offers for subscription for ordinary shares in ProVen VCT and ProVen Growth and Income VCT for the tax years 2007/2008 and 2008/2009.
ProVen Growth and Income's Offer for Subscription is now fully subscribed. No further offers will be accepted. Please note that unsuccessful applicants will be notified as soon as possible.
Offers for Subscription for Beringea's other top-performing fund, ProVen VCT, is now open to all potential investors until 4 April 2008. This "top-up" offers the opportunity to invest in ProVen VCT's ordinary shares, allowing access to a mature portfolio of unquoted companies, which means that sales of underlying investments are likely to occur sooner than with a new VCT. This may result in a higher level of dividend payments over the first few years of the investment (although subscribers to the Offers will not be entitled to any dividends paid in relation to the financial year ending on 29 February 2008).
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