Hargreave Hale looks to raise £25m for AIM VCTs

Co-managed by Hargreave and Bedford

Hargreave Hale is offering a subscription to new and existing shareholders to raise an additional £25m for its two AIM VCT managed by Giles Hargreave and Oliver Bedford.

An early bird offer to subscribe to the Hargreave Hale AIM VCT 1 and Hargreave Hale AIM VCT 2 will run until 29 January. The tax-efficient vehicles, co-managed by Hargreave (pictured) and Bedford, offer investors access to a diversified portfolio of small companies listed on AIM, with a share buyback policy. The VCTs will target a tax-free income of 5% and investors will benefit from an upfront tax relief of 30%, as long as they pay sufficient income tax and hold the shares for at least five years. Both funds were launched in 2004 and have outperformed the FTSE 100 Total Return, wh...