VCT Top-up Offer

Since their introduction in 1995, VCTs have offered investors the opportunity to support some of the fastest growing smaller companies in the UK and share in their success. VCTs provide vital capital to these companies which helps drive growth, innovation, employment and makes an important contribution to the British economy. Many VCT backed business will grow in value and ultimately become attractive to trade or financial buyers, or choose to undertake an IPO.
   
Maven VCT 3 and VCT 4 have launched the Offers in order to take advantage of the strong pipeline of new transactions which is currently in evidence across the Maven network. The Boards believe that it is in the interests of shareholders to further increase the size of each VCT. The funds raised will allow the VCTs to expand both the number and range of investments, in order to improve prospective investor returns through a more broadly based portfolio, and at the same time reduce the total expense ratio by spreading costs over a larger asset base.

Maven VCT 3 and Maven VCT 4 have achieved regular increases in NAV Total Return per share, with 16 dividends paid in total since April 2015. Based on average dividends paid over the past five financial years, Maven VCT 3 and 4 have also generated tax-free annual yields* of 13.3% and 10.4% respectively.  At a time when many VCT managers are adapting their business to invest under the new VCT rules, Maven has been able to demonstrate that it has the breadth of investment expertise and resource to successfully deploy VCT funds, investing in a wide range of growing companies. Maven has a UK-wide advisory network, reflecting its strong regional presence and providing access to a large number of prospective new investments every year.