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Latest VCT from Downing

Downing Corporate Finance


DOWNING CLASSIC VCT


Aim: To achieve tax-efficient capital growth over the medium to long term by investing at least 70 per cent in high quality companies with prospects of stockmarket floatations or sale within three to five years. Remaining 30 per cent to be invested in fixed income securities.


Minimum-maximum investment: £5,000 – £200,000 which includes allowances for the 98/99 and 99/00 tax years.


Yield: Nil.


Closing date: January 29,1999.


Charges: Initial – 5 per cent, annual – capped at 3.5 per cent of net assets.


Commission: 2.5 per cent.


Tel: 0171 411 4700.

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