Close AIM share issue

Close Brothers Investment is looking to raise a further £20m through a C share issue for the group's AIM VCT. The first tranche of C shares will be offered to the market on 20 October and IFA commission of 2.5% initial and 0.25% renewal will be available. The Close Brothers AIM VCT was launched in 1998 and raised £10.1m. Craig Reader, managing director of Close Brothers Investments, said: "Close Brothers AIM VCT has made some 34 investments in its first two years and by making some disposals has enabled investors to receive substantial tax-free dividends. Those who invested in the Close B...