Unicorn AIM VCT seeks to raise £25m in latest share issuance

Net assets in excess of £350m

Unicorn AIM VCT has launched an offer to raise up to £25m through the issuance of new ordinary shares, following its most recent fundraise which reach full subscription in a fortnight.

The offer opens today (24 January) and will run until 31 March or it is fully subscribed, whichever arrives first. Unicorn AIM VCT comprises more than half the firm's total £550m AUM in AIM-listed investments, with net assets of more than £350m. Since the company merged with Unicorn AIM VCT II in 2010, it has returned 67.5p per share in dividends to shareholders, with a further 10.5p per share due to be paid following the company's AGM on 3 February, subject to shareholder approval. Albion and Northern push VCT sales to £580m this year Chris Hutchinson, lead manager of the VCT, ...