Puma VCT 13

Update (9 Sep 2020): Intention to fundraise announced

Puma VCT 13 plc has announced it intends to launch a new share offer in 2020/21. 

Register your interest here – you will be able to apply online when the offer opens.

We will publish our review once offer details are available. You can read a short summary below.

Puma VCT 13 launched in 2018. A new share offer is planned for 2020-21, seeking to raise up to £7.5 million with an over-allotment facility of a further £2.5 million.

Register your interest

Get notified as soon as Puma VCT 13 and other VCT offers open

Important: The information on this website is for experienced investors. It is not advice nor a research or personal recommendation to invest. If you’re unsure, please seek advice. Investments are for the long term. They are high risk and illiquid and can fall as well as rise in value, so you could get back less than you invest.


About Puma VCT 13

Puma VCT 13 is managed by Puma Investments, which has tended to specialise in limited-life VCTs. As the name suggests, this is the thirteenth Puma VCT.

At launch, it aimed to invest in companies with assets – such as freehold property, or contracted revenue streams – as well as growth businesses with strong management teams.

Example of a portfolio company held by previous Puma VCTs

Puma 13 VCT - Brewhouse and KitchenBrewhouse & Kitchen

In December 2012 Puma Investments made a £3.1 million investment into a micro-brewery pub business to support the roll-out of the brand across the UK. The Brewhouse & Kitchen (B&K) branded pubs brew a significant volume of their own beer on site and have a quality food offering. The Puma VCTs exited in October 2015. 

Risks: important

This, like all investments available through Wealth Club, is only for experienced investors happy to make their own investment decisions without advice. Tax rules can change and benefits depend on circumstances.

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. 

The risks and investment objectives are different with each VCT, but with a significant proportion of the combined portfolios invested in property-owning businesses, investors are likely to be exposed to commercial property.

How to invest

Puma VCT 13 is not currently open to new subscriptions, but intends to launch an offer for subscription in 2020/21. 

Register your interest now to receive alerts when new VCT offers open.

Wealth Club aims to make it easier for experienced investors to find information on – and apply for – tax-efficient investments. You should base your investment decision on the provider's documents and ensure you have read and fully understand them before investing. This review is a marketing communication. It is not advice or a personal or research recommendation to buy the investment mentioned. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination.

The details

Type
Generalist
Target dividend
-
Initial charge
-
Initial saving via Wealth Club
-
Net initial charge
-
Annual rebate
-
Funds raised / sought
-
Deadline
Coming soon
Last updated: 9 September 2020

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