Downing new share class offers
Posted: December 17th, 2016, 2:56 pm
Today's post brought two memoranda from Downing offering new share classes for Downing 4 VCT plc.
One can subscribe for the generalist or the healthcare class or both. The offers are for £20m and £10m respectively.
In both cases the minimum is £5,000 and the dividend policy is "at least 4% from year 4 onwards".
I was a bit surprised to see such a specialist VCT offering as healthcare, the last such VCT that I remember was ProVen Health which was merged into ProVen Growth and Income some years ago. Could be interesting if the fund manager is as good as they intimate.
One can subscribe for the generalist or the healthcare class or both. The offers are for £20m and £10m respectively.
In both cases the minimum is £5,000 and the dividend policy is "at least 4% from year 4 onwards".
I was a bit surprised to see such a specialist VCT offering as healthcare, the last such VCT that I remember was ProVen Health which was merged into ProVen Growth and Income some years ago. Could be interesting if the fund manager is as good as they intimate.