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Albion Ventures launches new D Share offer

Albion Ventures has launched a new D Share offer for the Albion Development VCT.

The VCT’s aim is to provide investors with a regular and predictable source of income, combined with the prospect of long term capital growth.

The new D Shares are expected to merge with the VCT’s existing ordinary shares after five years. To date, the latter have paid average annual tax-free dividends over the 10 years since launch of 4.6 pence per share.

It is intended that, once fully invested and assuming full subscription, the Company will generate revenue dividends of between two to three pence per D Share annually.

Managing partner Patrick Reeve says: “We believe that the combination of VCT tax benefits are particularly attractive at a time when the higher rate of income tax is set to increase, and when recent legislation has diminished the attractions of pension investment for high earners.”

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