Neptune VCT to invest in group's income funds

Up to a quarter of the assets of the Neptune-Calculus Income and Growth VCT will be invested in Nept...

Up to a quarter of the assets of the Neptune-Calculus Income and Growth VCT will be invested in Neptune income funds for the life of trust. Initially all assets will go into the funds as well as possibly UK shares and bonds. These investments are expected to produce the bulk of the company's revenue for dividends, which will be paid out twice a year. The remaining 75% of the Neptune-Calculus VCT's portfolio will be invested in established unquoted companies by Calculus, part of smaller private companies specialist McDonald Glencross. Managers will avoid the more high risk, high return area...