Before entering this page of the website please read the important information below and confirm that you have read and understood to this by clicking on the “I accept” button at the bottom of the page.
The contents on this page of the website have been issued and approved for the purposes of section 21 of the Financial Services and Markets Act 2000 (as amended) by Elderstreet Investments Limited whose registered office is at 20 Garrick Street, London, WC2E 9BT. Elderstreet Investments Limited is authorised and regulated by the Financial Conduct Authority (FRN: 148527).( This material is directed only at persons in the United Kingdom and is not to be regarded as an offer or invitation to buy or sell an investment nor does it solicit any such offer or invitation in any jurisdiction other than the United Kingdom. An investment in the VCT must only be made on the basis of the information set out in the Prospectus.
Prospective investors are recommended to seek specialist independent tax and financial advice before investing in the VCT.VCT shares are appropriate for more sophisticated investors with significant investment portfolios, who are able to take a long-term view and understand the risk-return of investing in smallercompanies may increase the risk of financial loss. Elderstreet Investments Limited does not provide and nothing on this website should be construed as investment, tax, financial or legal advice.
Before making an investment, prospective investors must ensure that they have read and understood the ‘Risk Factors’ section in the Prospectus. Principal risks include but are not limited to:
Loss of Capital:Capital is at risk. The value of an investment and income derived from an investment may go down as well as up, in which case an investor may not get back the amount invested. The market price of VCT shares is unlikely fully to reflect their underlying net asset value. It is possible that there may not be a liquid market in the shares of VCTs and shareholders may have difficulty in selling their shares. Any sale is likely to be at a discount to net asset value. There is only a limited secondary market for shares in VCTs which may render such shares difficult to sell as they may not be readily marketable. A VCT invests in unquoted companies which are small and which carry an above-average level of risk and whose shares may not be readily marketable. Therefore, you should only make investments in the VCT which you can afford to lose without having any significant impact on your overall financial position or commitments.
Long-term nature of the investment: An investment in VCTs should be regarded as a long-term investment. Due to a number of the features and risk factors associated with VCTs, it is an investment that is not suitable for all investors.
Past Performance:Past performance should not be seen as an indication of future performance.
Tax Treatment:The tax reliefs available to certain investors in VCTs are dependent on individual circumstances and a VCT maintaining HM Revenue & Customs (HMRC) approval. If this approval is withdrawn, the VCT will lose its status and all tax reliefs are likely to be cancelled. Investors must retain their VCT shares for five years to retain the up-front income tax relief. The tax rules and regulations governing VCTs are subject to change. If the investment is not held for three years or if the VCT does not invest 70% in qualifying investments after three years, the initial tax breaks can be withdrawn.
Charges and performance fees:The levels of charges for VCTs may be greater than Unit Trusts and Open-Ended Investment Companies.
Potential investors who are in any doubt about what action to take should consult an authorised financial advisor.By clicking the button below you accept that you have read and understood the information contained above in addition to the Terms and Conditions of Use.