YFM aims to raise £15m

YFM has published the prospectus for the British Smaller Companies VCT ‘C’ share issue. The trust is aiming to raise up to £15m by way of 15 million shares priced at 100p each. It has achieved a total return (net asset value plus dividends) of 102.7p per share since launch and paid and declared £3.2m in tax free dividends (equivalent to 25.7p per share). To date, the company has invested £18.2m in 45 companies (28 unquoted and 17 AIM quoted businesses). The 'C' share offer is conditional on shareholder approval being obtained at the EGM to be held on 7 January 2005. The minimum subscription investment per investor is £1,000 and maximum investment per tax year is £200,000 to qualify for the 40% income tax relief.

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