Onside Issue 6 - Cover2

Important Notice - Financial Promotion: This document has been issued by Seneca Partners Limited who are authorised
and regulated by the Financial Conduct Authority.
Seneca refers to Seneca Partners Limited, Seneca Investment Managers Limited and Acceleris Capital Limited. It also
refers to associated companies of the brand who do not perform investment business under the Financial Services and
Markets Act 2000.
The information in this document does not constitute advice or a personal recommendation and you should not make
any investment decisions on the basis of it. This document is for the information of the recipient only and should not be
reproduced, copied or made available to others. This document does not take into account the particular investment
objectives, financial situations or needs of individual clients. You are advised to contact your investment adviser as to the
suitability of each investment, for your own circumstances and before taking any action.
Taxation treatment depends on the circumstances of each individual and may be subject to change.
This document has been prepared with all reasonable care and is not knowingly misleading in whole or in part. The
information herein has been obtained from sources which we consider to be reliable but its accuracy and completeness
cannot be guaranteed.
Seneca, its directors, staff and clients may have a position or engage in transactions in any securities mentioned. Our policy
on conflicts of interest is available on the Seneca Partners website.
No responsibility is taken for any losses, including, without limitation, any consequential loss, which may be incurred by
clients acting upon the contents of this document. The opinions and conclusions given are those of Seneca Partners
Limited and are subject to change without notice.
In addition, it should be remembered that past performance is not necessarily a guide to future performance and the value
of an investment and any income from it can fall as well as rise in value, therefore your capital is always at risk and you may
not get back the amount originally invested. Shares in smaller companies tend to be traded less frequently and in smaller
amounts than those of larger companies, this can make the timing of sales and purchases more difficult. Clients should
be aware that companies whose shares are traded on an unregulated market for example the Alternative Investment
Market ("AIM") carry a higher degree of risk than companies whose shares are listed on a regulated market for example
the London Stock Exchange ("LSE"). Unquoted shares are by their nature illiquid and may not be sold easily and may not
be sold for value. Investors should be aware that an investment in a Venture Capital Trust ("VCT") carries higher risks than
many other forms of investment. In addition, the value of an investment in a VCT may go down as well as up and investors
may not get back the full amount invested, even after taking into account the available tax reliefs. VCTs usually trade at
a discount to their NAV. It may be difficult to sell shares in VCTs and they should be considered long term investments.
Seneca Partners Limited and Seneca Investment Managers Limited are Authorised and Regulated by the Financial Conduct
Authority. Acceleris Capital Limited is an Appointed Representative of Seneca Partners Limited. Seneca Partners Limited's
registered office is at 12 The Parks, Haydock, WA12 0JQ.


Table of Contents for the Digital Edition of Onside Issue 6

Onside Issue 6 - Cover1
Onside Issue 6 - Cover2
Onside Issue 6 - Contents
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