Northern 3 VCT launches top-up shares

Northern 3 VCT will pay annual dividends of at least 5 pence per share on the offer price of 99 pence per share. 30% income tax relief is applicable to subscriptions of up to £200,000. The top-up offer is set to close on 5th April, or earlier if fully subscribed.

Northern 3 VCT was originally launched in September 2001 with a target of £25m through the issue of 25 million shares priced at 100 pence each. Since its launch, Northern 3 VCT has generated a total return of 126.9p before taking tax relief into account.

The Northern 3 VCT portfolio consists of 45 private equity investments across a range of sectors including food retailers, support services providers and construction & materials.

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• Topics
• UK / Ireland
• NVM Private Equity
• United Kingdom