LeggMason to launch second VCT

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LeggMason Investors is to launch a second Venture Capital Trust, which will predominantly invest i...

LeggMason Investors is to launch a second Venture Capital Trust, which will predominantly invest in Aim-quoted stocks. The Aim VCT follows the group's Aim Distributions VCT and the start of the offer period is targeted for the 26 February 2001. John Johnston, director at LeggMason has already begun to choose companies into which the trust will invest. The initial launch expenses of the VCT will be capped at 5% and the annual management charge is 2%. The trust is looking to raise £30m during the two offer periods. The offer periods will straddle the 2000/2001 tax year and the 2001/2002 ...

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