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Edge Performance VCT – Could you make this up?

By Steve Holdsworth | Saturday 14 September 2019


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Since they were launched by the John Major government in 1995, Venture Capital Trusts (VCTs), which are closed end investment trusts that provide finance for small and growing unquoted UK companies, and which are listed on the main market, have given investors a bumpy ride. The tax breaks remain generous, albeit not as generous as they were initially, and some of the now-established generalist ones have provided and continue to provide investors with a steady income from tax-free dividends with relatively low risk, whilst most of the worst ones have fallen by the wayside, taking a large chunk of investors’ money with them. I remain, broadly, a fan but there are still some appalling examples of around.

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