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OAM2681 OVCT 2 Prospectus aw12 - Clubfinance

OAM2681 OVCT 2 Prospectus aw12 - Clubfinance

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INTERMEDIARY COMMISSION<br />

Authorised financial intermediaries will usually be entitled to receive<br />

an initial commission of 2.5% on the amount invested by their client.<br />

Additionally, provided that the intermediary continues to act for the<br />

client and the client continues to be the beneficial owner of the<br />

Ordinary Shares, Octopus VCT 2 will pay intermediaries an annual<br />

trail commission of 0.5% of the initial net asset value for the period<br />

from the relevant allotment of Ordinary Shares to the date of the<br />

annual general meeting in 2016.<br />

HOW TO INVEST<br />

Application forms are attached at the end of this <strong>Prospectus</strong>. The<br />

minimum investment is £3,000. Although there is no maximum size<br />

of investment, tax reliefs are available on a maximum investment of<br />

£200,000 in VCTs per individual in any one tax year.<br />

TYPICAL INVESTOR PROFILE<br />

A typical investor for whom the Offer is designed is a UK higher rate<br />

income taxpayer over 18 years of age with an investment range of<br />

between £3,000 and £200,000 who, having regard to the risk factors<br />

set out at the front of this document, considers the investment policy<br />

as detailed in Part Two of this document to be attractive. This may<br />

include retail, institutional and sophisticated investors and high net<br />

worth individuals who already have a portfolio of non-VCT<br />

investments. Investment in a VCT may not be suitable for all investors<br />

and should be considered as a medium to long term investment.<br />

Before deciding whether to apply for Ordinary Shares under the<br />

terms of the Offer you are recommended to consult a duly<br />

authorised independent financial adviser.<br />

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