Maven Income and Growth VCT 4

Maven Income and Growth VCT 4 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 4 NAV Graph

Shareholder enquiries & Registrar

For Shareholding enquiries you can contact the Registrar, Link Market Services, on vcts@linkgroup.co.uk, or via Link’s shareholding portal at www.signalshares.com which enables you to easily access your shareholding and maintain 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 Market 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.‎

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 website as well as consulting the Financial Conduct Authority (FCA) website (which contains valuable information on how to avoid investment and pension scams).

Recommendation 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


Latest paid/declared
2.00p
- 4 October 2019

See below for dividend history.

Dividend Investment Scheme
Maven Income and Growth VCT 4 PLC operates a dividend investment scheme (DIS). Terms and Conditions (and features of the scheme), and a mandate form for participating in the DIS, are available to download in Shareholder Documents below.

NAV Total Return Performance

NAV (at 30 June 2019)*
72.73p
NAV Total Return 2005**
95p
NAV Total Return 2019 
146.33p
Increase in Total Return
54.03%

*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 LSE Announcements
Tax-free Yield† 
16.63% 

†Based on average dividends paid in past five full financial years (including any exceptional payments) and current NAV, for an assumed investment in new shares benefitting from the current 30% initial tax relief available on investment in new VCT shares (ignoring any initial offer costs).

Key Data


Ordinary Shares in Issue 
(total voting rights)
75,534,950 (at 4 October 2019)
Latest/Announced AGM
15 May 2019 (London)
Next Continuation Vote
2024
History
Launched - 26 August 2004.
Maven Income and Growth VCT 4 PLC was formerly known as Aberdeen Growth Opportunities VCT 2 PLC and incorporates Maven Income and Growth VCT 2 PLC (formerly known as Aberdeen Growth VCT I PLC), Ortus VCT PLC (formerly known as Guinness Flight Venture Capital Trust PLC) and Gateway VCT PLC.

Investment Portfolio (as at 30 June 2019)

Valuation by deal type
Mig 4 ir 2019 deal type graph (aug 2019) web 01 graph
Valuation by industry group
Mig 4 ir 2019 industry sector graph (aug 2019) web 01 graph
Top 10 Investments (excluding acquisition vehicles)

Top Ten Investments*

11,444

13,520

Total Investments

36,871

35,018

Total Number of Investments

79

Net Asset Value

55,158

Cost £'000 Valuation £'000
Ensco 969 (trading as DPP)
Planned and reactive mechanical and electrical maintenance
1,720 1,862
Vodat Communications Group
Provider of managed IT network and communications solutions to business customers
1,131 1,608
Rockar 2016 (trading as Rockar)
Innovative Car Retailer
1,005 1,551
Glacier Energy Services Holdings Provides onsite cutting machines and machining services 1,391 1,391
CatTech International
Specialist industrial services business focusing on the extraction and replacement of catalysts at oil refineries and petro-chemical plants
1,004 1,286
CB Technology Group
Manufacture and test high end printed circuit boards with high reliability and performance for deployment in hostile environments
1,013 1,256
Maven Co-invest Endeavour Partnership (invested in Global Risk Partners)
Investment vehicle undertaking a buy and build in the specialty insurance sector
814 1,174

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

1,142 1,168
HCS Control Systems Group Provider of a wide range of subsea control systems to the global oil & gas industry 1,141 1,141
ITS Technology Group
Fibre and wireless infrastructure provider
1,083 1,083

Dividend History

The dividend history shown should not be taken as an indication of future dividends, which will be subject to a number of factors, including investment performance, surplus revenue, profitable realisations, VCT qualifying levels and the availability of cash and distributable reserves. Revisions to the VCT regulations in 2015 resulted in a change of investment focus toward earlier stage businesses, which typically provide lower levels of investment income and take longer to mature. It is anticipated that future distributions will be more closely linked to the proceeds of realisations and, therefore, will become less predictable in terms of both quantum and timing. More information is provided within the Annual and Interim Reports.

Total Dividends Paid or Declared 75.60
Year Ended December Payment Date Interim/Final Rate (p)
2019 4 October 2019 Interim 2.00
2018 22 June 2018 Second Interim 4.80
13 April 2018 First Interim 8.90
2017 30 November 2017 Third Interim 5.39
15 September 2017 Second Interim 3.70
14 July 2017 Interim 3.36
2016 26 May 2017 Final 3.05
30 September 2016 Interim 2.20
2015 6 May 2016 Final 3.05
25 September 2015 Interim 2.20
2006-2014 36.95

Shareholder Documents

Shareholder documents, are available for download here. Maven and the VCTs are committed to reducing the environmental impact of printing and posting substantial documents. If you currently receive hard copy Annual and Interim Reports, and would prefer to receive postal notifications of their website publication, or would like to switch from postal to email notifications of publication, you should advise the Registrar, Link Asset Services, using the registrar details above.

MIG4 Current Reports and Accounts

MIG4 Current Circulars and KIDs

MIG4 Dividend Investment Scheme

For enquiries about your shareholding please call the registrar Link Asset Services on 0333 300 1566, or email vcts@linkgroup.co.uk. You can also access Link’s share portal here:
Contact Link