Seneca Preference

A discretionary service with a central objective of capital preservation paying a target income of up to 5.25% p.a., paid quarterly by preference share dividend. We anticipate that the shares an investor purchases should qualify for Business Relief after only 2 years and therefore qualify for 100% relief from Inheritance Tax if still held at the time of their death.

Funds will be used to provide fully secured Asset Based and Property lending. By offering two income options below which can be “blended”, the service caters for a range of investors with different risk appetites.

Seneca Legacy
  • Central objective of capital preservation with quarterly income
  • Target return of 3% p.a. paid via Preference Share Dividends
  • Funds used to provide short and medium term loans secured on a variety of stable, income generating assets
  • Primary health sector, ultimate counterparty risk with NHS local authority
  • Quarterly allotments
Seneca Quest
  • Balanced objectives of preserving capital whilst seeking a higher quarterly income
  • Target return of 5.25% p.a. paid via Preference Share Dividends
  • Funds used to provide short and medium term loans, predominantly bridging and property finance, secured on stable, income generating assets
  • Well covenanted, strong yielding assets e.g. serviced offices, industrial parks, energy (STOR)
  • Quarterly allotments

Fund Information

Offer Information

IHT ExemptionTargeted after 2 years (through BR)
Target returnSeneca Quest: 5.25% pa
Seneca Legacy: 3% pa
Minimum Investment£50,000 (£25,000 per Investment Option chosen)
Maximum InvestmentNo maximum
Capital WithdrawalsWith 3 months' notice
Initial ChargeSeneca's initial fee: 2% plus VAT (advised); or 5% plus VAT (non-advised)

Custodian's Dealing Fee: up to 0.35%
AMC1% plus VAT
Withdrawal Fee3% plus VAT (1st year only); or
2% plus VAT (2nd year only); or
1% plus VAT (3rd year onwards)

Custodian's Dealing Fee: up to 0.35%
Advisor charging can be facilitated. Please refer to the Investment Memorandum and Application Form for full details.

Fund Literature

For more information, please contact us on seneca@lgbrtax.com or call 020 7071 3926.

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Please do not hesitate to get in touch for further information on LGBR or on the investment products we distribute.

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