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Matrix aims for 48m in Foresight

Matrix is looking to raise 48m for the Foresight 3 and 4 VCTs in a share offering that will enable investors to gain exposure to a portfolio of mature investments.

The O-share offering will see new investments placed in the existing portfolio rather than into ringfenced funds targeting new investments, as is normally the case with fundraisings, so investors will start getting dividends by the end of the year.

Foresight 4 says it will pay a dividend of 5p per share during December. Any new investors registered by December 16 will be eligible for this. Minimum investment is 5,000.

The VCTs are predominantly invested in a portfolio of technology companies, including firms working in nanotech- nology and benefiting from the spread of broadbrand.

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