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About the company
Puma VCT 13 plc is a United Kingdom-based investment company. The principal activity of the Company is the making of investments in qualifying and non-qualifying holdings of shares or securities. The Company seeks to achieve its overall investment objective of proactively managing the assets of the fund with an emphasis on realizing gains in the medium term to maximize distributions from capital gains and income generated from the Company’s assets. It intends to do so whilst maintaining its qualifying status as a venture capital trust (VCT). The Company may invest in a mix of qualifying and non-qualifying assets. The qualifying investments may be quoted on an alternative investment manager (AIM) or a similar market or be unquoted companies. Puma Investment Management Limited acts as the investment manager of the Company.
- Revenue in GBP (TTM)-5.07m
- Net income in GBP-8.10m
- Incorporated2016
- Employees0.00
- LocationPuma VCT 13 PLCCassini House, 57 St James's StreetLONDON SW1A 1LDUnited KingdomGBR
Profile
| Management group(s) | Puma Investment Management Limited |
|---|---|
| AIC sector | VCT Generalist |
| ISIN | GB00BD5B1L68 |
| Launch date | 02 Jul 2018 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To maximise distributions from capital gains and income generated from the Company assets. It intends to do so whilst maintaining its qualifying status as a VCT, by pursuing the following Investment Policy: The Company may invest in a mix of qualifying and non-qualifying assets. The qualifying investments may be quoted on AIM or a similar market or be unquoted companies. The Company may invest in a diversified portfolio of growth orientated qualifying companies which seek to raise new capital on flotation or by way of a secondary issue. The Company has the ability to structure deals to invest in private companies with an asset-backed focus to reduce potential capital loss. The Company had to have in excess of 80% of its assets invested in qualifying investments as defined for VCT purposes by 28 February 2022.
Managed by
| Kelvin Reader, Harriet Rosethorn, Ben Leslie, Henri Songeur |
|---|
Management & contract fees
The Investment Manager will be paid an annual management fee of 2% of the NAV quarterly. The agreement can be terminated by not less than12 months notice.The performance fee is 20% of amounts in excess of 110p per Ords.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Downing Renewables & Infrstrctr Trst PLC | 10.31m | 6.92m |
| Duke Capital Ltd | 25.59m | 11.61m |
| Mobeus Income & Growth VCT PLC | 9.08m | 6.35m |
| Mercia Asset Management PLC | 34.88m | -7.59m |
| Hargreave Hale AIM VCT PLC | -18.33m | -22.44m |
| Blackrock Energy and Rsrcs Incm Trst PLC | 27.46m | 24.12m |
| Blackrock Sustnble Amrcn Incme Trst PLC | 22.40m | 20.27m |
| Invesco Perpetual UK Smlr Cos Inv Tr PLC | -5.56m | -7.35m |
| Puma VCT 13 PLC | -5.07m | -8.10m |
| CT Global Managed Portfolio Trust PLC | 13.47m | 11.79m |
| abrdn Equity Income Trust PLC | 3.37m | -221.00k |
| Foresight Enterprise VCT PLC | 14.45m | 9.06m |
| Brown Advisory US Smaller Companies PLC | 11.32m | 9.50m |
| Lindsell Train Investment Trust PLC | 5.99m | 4.20m |
| British Smaller Companies VCT2 PLC | 9.41m | 5.97m |
| Jpmorgan China Growth & Income PLC | -90.82m | -95.92m |
