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Elderstreet announces 15m share offer

Elderstreet, the venture capital fund manager, has launched a C share issue to raise an additional 15m for the Elderstreet VCT.

In addition to standard income tax relief, after three years, C share investors will receive a 30p return for every 1 invested. This is in addition to any other investment gains and is subject to a guarantee from the VCTs chairman, Michael Jackson.

The VCT will remain a generalist trust investing mainly in unquoted and in some Aim companies.

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