Puma VCT 13
Closed for investment
149.55p
NAV + Total Dividends as of 30 June 2023
16.5p
Dividends paid to date
The last twelve months have been an incredibly exciting time for the company, with several key milestones achieved. We have a five-year track record of investing, our total assets exceeding more than £100 million, and we have paid three dividends totalling 16.5p.
Best-performing generalist VCT, as recognised by MICAP, on a five-year basis (as at 31 December 2023), with a total return (NAV plus dividends paid) growth of over 65%.1
Puma VCT 13 is five years old and has more than £100 million in assets.
We've invested in 20 companies, and have achieved multiple successful exits.
1 Past performance is no indication of future results, and share prices and their values can go down as well as up. Source: MICAP, VCT performance public.
Why invest in Puma VCT 13
We know that investing for long-term tax planning is essential to our clients, to help them achieve their financial goals. We believe Puma VCT 13 offers clients six key benefits, to enable them to do this.
1. Strong track record
Puma VCT 13 has been recognised as the best-performing generalist VCT in the market on a five-year basis as at 31 December 2023, with a total return (NAV plus dividends paid) growth of over 65%.
Please refer to the full performance of Puma VCT 13 over five years.
2. Established VCT
We've launched 14 Puma VCTs since 2005, raising over £340m. As a series, the Puma VCTs have invested in 58 companies and achieved 36 exits. Puma VCT 13 has £100m+ assets, invested in 20 companies and exited two.
3. Diversified portfolio
Puma VCT 13 targets sector diversification, and has invested in companies spanning eight sectors for wider exposure to growth opportunities, while minimising risk from sector-specific challenges.
4. Scale-ups, not start-ups
Puma VCT 13 aims to invest in proven, high-growth businesses to achieve high returns with lower risk and volatility. The Company does this by going after scale-ups and not start-ups.
5. Active approach
We actively partner with the companies we invest in to help them achieve their growth ambitions. Our Investment Directors have a concentrated portfolio of businesses, allowing them to take a hands-on approach and provide meaningful support. Our Value Creation team then offers guidance and commercial expertise at all levels within the organisation.
6. Rigorous processes
We ensure rigour through our Investment Committee, comprising of staff and independent experts. With their expertise and experience, we analyse each business, its financials, diligence program and investment structure to make informed decisions.
Tax benefits of a VCT
Investors can claim up to 30% income tax relief on VCT investments up to £200,000 per tax year, provided the VCT shares are held for at least five years.
Any gain made when VCT shares are sold is 100% free from capital gains tax.
Any dividends received from VCT shares are 100% tax-free, regardless of the investor's tax band.
Tax reliefs are not guaranteed, depend on individuals’ personal circumstances and a five-year minimum holding period, and may be subject to change.
LEARN MORE ABOUT VCTs
Strong track record
As of July 2023, Puma VCT 13 was recognised as the best-performing generalist VCT in the market over a five-year term, demonstrating an impressive total return (NAV growth plus dividends paid) over 65%.¹
We have orchestrated two full exits, including Tictrac, an award-winning technology provider. This deal yielded a return of 1.9x the initial investment, a notable achievement realised within a 25-month investment.
This success allowed the Company to pay dividends in the preceding two tax years. Over time, it seeks to achieve an average dividend payment of 5p per Ordinary Share, per year, although this may vary significantly from year to year.
VCT five-year performance
Data as of the latest published report (Interims 2023)
Year | 1 Sep 18 - 31 Aug 19 | 1 Sep 19 - 31 Aug 20 | 1 Sep 20 - 31 Aug 21 | 1 Sep 21 - 31 Aug 22 | 1 Sep 22 - 31 Aug 23 |
NAV | 87.73p | 111.59p | 129.84p | 136.33p | 131.18p |
Dividends (per annum) | 0p | 0p | 0p | 11p | 5.5p |
Dividends (total) | 0p | op | 0p | 11p | 16.5p |
NAV + total dividends | 87.73p | 111.59p | 129.84p | 146.33p | 147.68p |
1 MICAP, VCT performance public, period: 5 years as at 31 December 2023.
Puma VCT 13 NAV and dividend data as of the latest published report (Interims 2023): 1 September to 31 August of the years shown. Past performance is not a guarantee of future results. Share prices and their values can go down as well as up. The payment of any dividends is not guaranteed, and any such payments may erode the capital value of any underlying investment.
PUMA INITIAL FEE
3%
(plus VAT if applicable) of amount subscribed
PUMA ANNUAL MANAGEMENT FEE
2%
(plus VAT if applicable) of net asset value pa
PERFORMANCE FEE
20%
(plus VAT if applicable) of the investment gain within the portfolio (net of costs)
ADMINISTRATIVE FEE
0.35%
(plus VAT if applicable) of net asset value pa
GM and AGM results
See the results from Puma VCT 13's historical and most recent General Meeting and Annual General Meetings.
Dividend Reinvestment Scheme
The Scheme provides shareholders with the opportunity to reinvest their cash dividends into new shares in the VCT. New VCT shares attract the same tax reliefs as shares purchased through an offer for subscription.
Risk factors
An investment in Puma VCT 13 carries risk and you should take your own independent advice. You should only invest in Puma VCT 13 on the basis of the prospectus which details the risks of the investment. Below are the key risks:
Tax reliefs: Tax reliefs are not guaranteed, depend on individuals’ personal circumstances and a five-year minimum holding period, and may be subject to change.
Liquidity: It is unlikely there will be a liquid market in the ordinary shares of Puma VCT 13 and it may prove difficult for investors to realise their investment immediately or in full.
Capital at risk: An investment in Puma VCT 13 involves a high degree of risk. Investors’ capital may be at risk.
General: Past performance of Puma Investments in relation to its other VCTs is no indication of future results. The payment of dividends is not guaranteed. Investors have no direct right of action against Puma Investments. The Financial Ombudsman Service/the Financial Services Compensation Scheme are not available.
Figures on this page are taken from Puma Investments and are correct as of 31 December 2023 unless stated otherwise.