Welcome to ProVen VCTs
LATEST NEWS
London, 13th October 2014 - Simplestream, a leading provider of 'Over the Top' (OTT) live streaming services for broadcast TV channels, is pleased to announce it has secured substantial funding from Beringea, the Manager of the ProVen VCTs. The investment will accelerate the expansion of TVPlayer, Simplestream's B2C live TV streaming service, and facilitate the addition of more channel packs and multi-channel catch-up functionality.
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The ProVen VCTs are managed by Beringea, a specialist venture capital fund manager which has been established for nearly 25 years1. It is one of the most experienced managers of VCTs, having launched its first in 1996. Beringea manages the ProVen family of VCTs; ProVen VCT, ProVen Growth & Income VCT, and ProVen Planned Exit VCT. ProVen Growth & Income VCT and ProVen VCT are the best and second best funds respectively of their launch years according to www.taxefficientreview.com.
1 Beringea was previously known as ProVen Private Equity and Guinness Mahon Development Capital.
For more information on ProVen VCTs, use our
contact form or call 0845 686 0225.
Please note: An investment in a VCT is not suitable for all investors. Potential investors are advised to take appropriate financial advice on the suitability for them of investing in a VCT before doing so. See the risk warning on this page and our terms of use for further information.
PGI VCT Securities Note (PDF)
An investment in ProVen VCT should be based on all the information in the Securities Note or Offer Document, including the Risk Factors section.
Venture capital trusts are not suitable for all investors. If you are in any doubt about the suitability of an investment in ProVen VCT you should consult an authorised Independent Financial Adviser. The sale of VCT shares within 5 years will result in the loss of the initial tax relief, so an investment in a VCT should be considered a long-term investment. The value of shares in a VCT may fluctuate and you may not get back the amount you invested. There is no certainty as to the level of dividends. You may have difficulty selling your shares and any sale is likely to be at a discount to the net asset value. VCTs invest in a portfolio of small companies, which by their nature carry greater risk than larger, quoted companies.
The tax reliefs available are dependent on ProVen VCT maintaining its status as a VCT. A failure to meet the qualifying requirements could result in adverse tax consequences to investors, including a requirement to repay the income tax relief obtained. Investors must retain their shares for the minimum period required to retain their initial tax relief. The tax rules and regulations governing VCTs are subject to change.
The past performance of Beringea LLP as a fund manager is no guide to the future performance of its VCTs.
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