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. |