VCT allows tax-free dividends

after taking further £17.9m in recent c-share issue, keydata Aim vct board feels trust is optimal size

Keydata's Aim VCT has revoked its investment company status, allowing the vehicle to pay tax-free dividends out of capital profits. While the trust has declared an interim dividend of 5p per share, chairman Aubrey Brocklebank said future payments will not be predictable or regular in nature and any final dividend will depend on making sufficient capital profits in the second half of the year. After raising a further £17.9m in a recent C-share issue, the board believes the trust is now at optimal size with just over £30m under management. The C-share proceeds have led to a reduction in TER...