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Wright Reports > Company Profile Report > P > Proven Health Fund Vct Plc

Proven Health Fund Vct Plc - Company Profile Snapshot

Company Profile: Proven Health Fund Vct Plc
Ticker: PHV
Exchanges: OTH
2009 Sales: 195,540
Major Industry: Financial
Sub Industry: Investment Companies
Country: UNITED KINGDOM
Employees:

Business Description
Proven Health Fund Vct Plc Formerly known as Noble Health Fund Vct Plc.. The Company's principal activity is that of a Venture Capital Trust. The objective of the Company is to provide investors with an attractive return by maximising the stream of dividend distributions from the capital gains and income generated from a diversified portfolio of investments in the health sector. The Company is an Investment Company as defined in Section 266 of the Companies Act 1985. The Company has been approved by the HM Revenue and Customs as a Venture Capital Trust for the purposes of Section 274 of the Income Tax Act 2007.Investment management services are provided by Noble Fund Managers Ltd for a fee calculated at 20% of the amount by which the actual compound annual growth in the net asset value of the Company, as adjusted to take account of cumulative dividends paid and proposed, exceeds a return of 2% over the NatWest bank base rate applied to the initial net asset value of the Company over the same period.

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