Key Features

Key Features

Investment

Unlisted A-Ordinary Shares in 670 Ventures.

Fund Size

R21 million, including the Callable Loan Facility.

Risk profile

Medium

Minimum investment

R100 000

Suitable investors

Domestic high net worth individuals, trusts and companies.

Net after-tax target return1

Annualised CPI + 15%.

Target dividend yield on net investment2

9% - 11%

Callable Loan Facility

TBI has committed a R10 million Callable Loan Facilityto 670 Ventures.

Liquidity

Liquidity is offered on two year's notice, given at least five years after subscription.

Capital Gains Tax

Payable by investors on the entire investment realisation.

Fees and expenses

Capped at 2% (plus VAT) per annum.

Performance participation payable to Administrator

Cumulative annual participation dividend of 10% of net investment profits, with a high-watermark arrangement (to recover shortfalls.

Administrator

TBI Investment Managers (FSP number: 42968).

Financial year-end

31 March.

  • 1 Applicable to individuals with a marginal tax rate of 45%. The return considers the upfront income tax relief from the investment, dividend withholding tax and capital gains tax payable on realisation after 5 years, net of management fees, expenses and performance participation.Applicable to individuals with a marginal tax rate of 45%, based on net after-tax capital invested and before dividend withholding tax. 
  • 2Applicable to individuals with a marginal tax rate of 45%, based on net aftertax capital invested and before dividend withholding tax.