Unicorn AIM
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Risks
VCTs are high-risk so should only form part of a balanced portfolio and you should not invest money you cannot afford to lose. They also tend to be illiquid and hard to sell and value. Before you invest, please carefully read the Risks and Commitments and the offer documents to ensure you fully understand the risks. Tax rules can change and benefits depend on circumstances. VCTs can now only invest new money in growth capital deals. Management buyouts, replacement capital deals and investments in mature companies are no longer permitted. This results in considerably higher risks. Unlike VCTs investing in unquoted companies, AIM VCTs have a more natural exit route for shares as they are listed. However, dealing in large volumes of shares could be difficult. The size of the VCT could make this more of a problem. AIM shares can be very volatile and could suffer extreme volatility if the market falls sharply. The difference between the buying and selling price of AIM-listed companies is often wider than those listed on the main market.
BFS View
Being the biggest doesn't always mean being the best. However in our view, as well as being the biggest AIM VCT, Unicorn is a top-quality offer. Its size ensures access to the best new deals coming to the market and the long-term approach of Chris Hutchinson and his team should give investee companies the assurance they are not investing for short term profit. Indeed, as Unicorn has a fund range that also invests considerably in AIM listed companies, management teams have the comfort of knowing that Unicorn has the ability to fund growth in their business for the long term. This VCT comes highly commended. The lack of performance fee is also positive, as is the reduction in the annual charge cap from September 2019.
Downloads
You should always read the relevant plan brochure and any other plan documentation available above, for full details of the plan’s features, including any risks, and the terms and conditions. In addition there are other important documents, including a Key Information Document ('KID'), that you should consider, before deciding to invest in the plan and completing the application form.
Key Information
Target dividend |
3p per share |
Target dividend |
1.5% |
Target dividend |
3p per share |
Target dividend |
3p per share |
Target dividend |
15 Apr 2019 |
How to Invest
Please note: This plan is available on an advised basis only. If you are interested in this plan, please telephone us on 01639 860111 to arrange a free consultation.
If you wish to progress the regulatory process of ‘advice’ must commence including:
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The completion of a financial review – which will confirm details of your income/capital and investment needs and experience
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The completion of a risk profiler - which will help to measure your attitude to risk.
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This process will enable ‘advice’ to be provided in relation to the suitability of the product to meet with your needs. The fee for this service and process is 1.5% (subject to a minimum fee of £300) for focused advice – which is focused and narrowed to the suitability of the product you want to purchase.
Important Notice
This website is directed exclusively at, and intended to be used only by, persons in the UK who will be required to self-certify as Sophisticated Investors or High Net Worth Individuals before applying to invest in any of the products featured.
The investment products in this section of the website are not for everyone. They are generally higher risk and require a longer investment term. You may get back less than you invest. It is therefore important that you understand the risks and commitments of these products.
We’ve made every effort to ensure the accuracy of the material on this website, but cannot guarantee its accuracy or currency. It reflects our understanding of current product and tax rules, which may change in future. It is for general information only and should not be regarded as constituting an offer or a solicitation to buy or sell any securities, or as investment or tax advice.
If you are in any doubt as to the suitability of the products for your circumstances, please contact us directly for advice.
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