The £148m Foresight Enterprise VCT has launched a fundraise for up to £20m, with an over-allotment facility available for up to a further £10m.
The trust, which currently has a portfolio of 44 companies, targets established businesses with a low cash burn, aiming for a dividend of 5% of NAV. Opened on 13 October, the offer will close for applications on 3 April 2024 for the 2023/2024 tax year and 30 April 2024 for the 2024/2025 tax year. "The additional funds raised will allow the company to maintain liquidity levels to take advantage of investment opportunities, maintain its dividend policy, make market purchases of its own shares and support its running costs," the trust said. Foresight Capital Management hit by rising...
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