Unicorn AIM VCT is launching a new offer for subscription to raise £20m, with an over-allotment facility for a further £5m.
The prospectus containing the full details and terms of the offer is expected to be available in January 2025.
The company’s previous £20m offer was the fastest to reach full subscription among all VCTs during the 2023/24 tax year, the firm said.
It is one of the largest AIM-focused VCTs, with current net assets of around £200m.
Unicorn invests in UK equities across a range of strategies, with a further £140m invested in AIM-listed companies outside of the VCT.
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The Unicorn AIM VCT has returned 137.7 pence per share to shareholders since March 2010.
Chris Hutchinson, portfolio manager and director at Unicorn Asset Management, said: “Unicorn’s AIM-focused VCT has a strong track record of providing reliable, tax-free dividends and delivering substantial long-term capital growth to its shareholders.
“Despite the market challenges faced in recent years, many of the AIM-listed companies in our portfolio have shown remarkable resilience.
“Our core holdings are in well-established, profitable businesses that generate strong cash flows, with a focus on niche sectors that continue to thrive, even in a difficult economic and equity market environment.”
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Fraser Mackersie, portfolio manager, added: “We maintain a highly selective approach to identifying new investments.
“We are confident in our ability to uncover promising opportunities that, over time, can achieve the important combination of delivering tax-free dividend income alongside meaningful capital growth.”
