Closure dates set for open VCT products

Northern Venture Managers, Aberdeen Asset Managers and Baronsmead are all venture capital trust groups with open VCT offerings aiming to attract capital for both this and the next tax year. Subscriptions to 11 VCTs close between 2-5 April 2002 for the current tax year, only to re-open to capture assets for 2002/03. The minimum investments for the VCTs vary from as low as £2,500 for the Pathway One and Unicorn Aim VCTs to £5,000 for the Electra Kingsway, which will remain open until it reaches its £25m subscriptions aim. Initial charges on the trusts are almost entirely set at 5% inclu...