Maven Income and Growth VCT 

Maven Income and Growth VCT PLC is a generalist VCT aiming to achieve long term capital appreciation and generate maintainable levels of income for shareholders.

NAV Total Return per share

MIG Total NAV

Shareholder enquiries and documents

For Shareholding enquiries you can contact the Registrar, Link Asset Services, on vcts@linkgroup.co.uk, or via Link’s shareholding portal at www.signalshares.com which enables you to easily access and maintain your shareholding and address details online, as well as being able to change the way Link communicates with you and specify how you wish to receive dividends. All instructions to amend the share register should be given via the Share Portal or in writing to Link Assets Services, The Registry, 34 Beckenham Road, Beckenham, BR3 4TU.

Link also operates a dedicated non-premium rate VCT shareholder helpline on behalf of the Maven VCTs, on 0333 300 1566. Lines are open 0900 to 1730, Monday to Friday (excluding public holidays in England and Wales). Calls are charged at the standard geographic rate and will vary by provider. Calls from outside the UK will be charged at the applicable international rate. Please note that the helpline cannot provide any financial, legal, investment or tax advice.‎ 

Annual and Interim Reports

Annual and Interim Reports, and other shareholder documents, are available for download on this page. Maven and the VCTs are committed to reducing the number of shareholder documents sent by post, both to minimise costs for VCT shareholders and to reduce the environmental impact of printing substantial documents. If you currently receive hard copy documents and would rather receive notifications by post , or would like to switch from postal to email notifications, you should advise Capita using the details above.

Caution: Unsolicited offers for shares

Some shareholders have received unsolicited calls from organisations offering to buy their VCT shares at prices much higher than current market values, or to sell non-tradable, overpriced, high risk or even non-existent securities. Whilst the callers may sound credible, shareholders should be aware that their intentions are often fraudulent. If you receive such a call, you should exercise caution and take note of the advice available from the ACTION FRAUD and Financial Conduct Authority (FCA) websites.

Recommendations of non-mainstream investment products

The Company currently conducts its affairs so that the shares issued by it can be recommended by independent financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The Company’s shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are shares in a venture capital trust and the returns to investors are predominantly based on investments in private companies or publicly quoted securities.

Dividends


Paid/declared (last 12 months)
5.10p
- 22 June 2018
7.45p
- 13 April 2018
2.70p - 30 November 2017
2.96p - 14 July 2017

NAV Total Return Performance

NAV (at 31 August 2018)
46.25p*
NAV Total Return 2004**
84.10p
NAV Total Return 2018
141.16p 
Increase
67.85%

*The NAV per share shown above will be reduced by the payment of any subsequent dividends (see table below)
**As at the reporting date closest to when the current fund manager was appointed.

Price and Yield Information

View Share Price and Announcements
Yield on Cost 
22.76%**
Gross Yield† 
30.35%

**Based on dividends shown (including any exceptional payments) and a net purchase price of 80p. Shares acquired as new-issue shares, after initial tax relief available.

†The yield a higher rate taxpayer would need to achieve on a taxable UK equity portfolio to match costs.

Key Data


Ordinary Shares in Issue 
(total voting rights)
53,118,884 (at 31 August 2018)
Latest/Announced AGM
5 July 2018 (London)
Next Continuation Vote 
2020
History
Launched - 1 February 2000.
Maven Income and Growth VCT PLC was formerly known as Murray VCT 4 and Aberdeen Income and Growth VCT PLC.

Investment Portfolio (as at 31 August 2018)

Valuation by deal type
Mig ir 2018 deal type graph  web 01 graph
Valuation by industry group
Mig ir 2018 industry group graph web 01 graph
Top 10 Investments (excluding acquisition vehicles)

Top Ten Investments

6,316

9,207

Total Investments

22,707

21,573

Total Number of Investments

58

Net Asset Value

24,568

Cost £'000 Valuation £'000

Martel Instruments Holdings
Manufacturer of compact, handheld printers and display devices

1,234 1,103

GEV Holdings
Diversified energy services group primarily servicing the renewable industry

728 1,068

Vodat Communications Group
Provider of managed IT network and communications solutions to business customers

567 1,024

ELE Advanced Technologies
Manufacturer of precision components for jet engines and gas turbines

192 993

CatTech International
Specialist industrial services business focusing on the extraction and replacement of catalysts

627  982

Ensco 969 (trading as DPP)
Provides planned and reactive mechanical and electrical maintenance

733 885

Maven Co-invest Endeavour Partnership (invested in Global Risk Partners) Investment vehicle undertaking a buy and build in the specialty insurance sector

436 871

JT Holdings (trading as Just Trays)
Manufacturer of shower trays and related accessories

522 796

CB Technology Group
Manufacture and test high end printed circuit boards with high reliability and performance for deployment in hostile environments

579 755

The GP Service (UK)
Provider of online services for general medical consultations and prescriptions

698 730

Dividend History

Total Dividend Paid or Declared 94.91
Year Ended February Payment Date Interim/Final Rate (p)
2019 22 June 2018 Second Interim 5.10
13 April 2018 First Interim 7.45
2018 30 November 2017 Second Interim 2.70
14 July 2017 Interim 2.96
2017 26 May 2017 Interim 3.60
25 November 2016 Interim 2.40
2016 15 July 2016 Final 1.20
27 May 2016 Interim 2.40
27 November 2015 Interim 2.40
2015 17 July 2015 Final 3.50
5 December 2014 Interim 2.40
2001-2014 58.80
Call Maven on 0141 306 7400 for more information on our VCTS or get in touch by email.
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