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

MIG4 NAV Graph - Jun 2021



AGM & impact of COVID19

Maven VCT 4 has made recent announcements in connection with the ongoing COVID-19 situation. Those are summarised below, but to see any announcements by the VCT, including NAV updates, AGMs and the Dividend Investment Scheme, visit the VCT’s page on the London Stock Exchange.

2021 AGM Voting and Shareholder Questions

The AGM was held on Wednesday 12 May 2021. A summary of proxy voting results, questions submitted by Shareholders and Board responses is available in the Shareholder Documents section on this page.

Maven and VCT Portfolio

Maven and the VCT’s Board will continue to monitor guidance from the government and health authorities. Maven has tested business continuity plans across all its offices to ensure the resilience of key processes and IT systems and, in line with government guidelines, has moved to a programme of home working to adhere to social distancing guidance.  Maven’s nationwide investment and portfolio team will maintain an active focus on value preservation and intensively managing the existing VCT portfolios, and is already working closely with each portfolio company to assess trading impact and the ongoing cash flow position. Maven appointed executives are supporting each investee management team in formulating and implementing any measures required to protect the health of employees, and assisting them to plan and take appropriate action to mitigate the impact that the Coronavirus pandemic is having on their businesses.

In what is a time of great uncertainty, if you have further questions regarding the impact of COVID-19 and Maven’s response, please call 0141 306 7400 or email enquiries@mavencp.com, and the Manager will ensure that your enquiry is directed to the appropriate person.

Shareholder enquiries & Registrar

For Shareholding enquiries you should contact the Registrar, Link Market Services. 

Using the Share Portal

To visit the Share Portal for information click here where you will see the help centre (there is no need to login to access the Help information). If you want to access your shareholding you will need to follow the Getting Started instructions to login or register an account – this also allows you to reset your username and/or password if you have forgotten them. If you are a new user needing to register for the portal, you only need three pieces of information – your surname, postcode and investor code (the unique number that you will have received on previous communications from Link, such as share certificates or dividend tax confirmations).

Other ways to contact Link

If you are unable to use the Share portal, it is still possible to contact Link by email, in writing or by phone, but it may take a little longer than usual to get through or receive a response:

  • By email: on vcts@linkgroup.co.uk.
  • In writing (including for any instructions to amend the share register): to Link Group, 10th Floor, Central Square, 29 Wellington Street, Leeds LS1 4DL.
  • By telephone on the non-premium rate 0333 300 1566 VCT shareholder helpline Link operates on behalf of the Maven VCTs (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 may take a little longer to respond than normal.
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
- 1 October 2021

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 2021)*
73.81p
NAV Total Return 2005**
95p
NAV Total Return 2021 
154.41p
Increase in Total Return
62.54%

*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† 
14.86% 

†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)
110,216,724 (at 1 October 2021)
Latest/Announced AGM
12 May 2021
Next Continuation Vote
2027
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 2021)

Valuation by transaction type - Jun 2021
Mig 4 ir trans type (june 2021) 2021 01 graph
Valuation by transaction type - Jun 2020
Mig 4 ir trans type (june 2020) 2021 01 graph
Top 10 Investments

Top Ten Investments*

13,826

19,949

Total Unlisted and Quoted Investments

58,628

71,290

Total Number of Unlisted and Quoted Investments

119

Net Asset Value

81,934

Cost £'000 Valuation £'000
Horizon Ceremonies
Develops, operates and owns purpose built crematoria across the UK
2,463 3,694
BioAscent Discovery
Provision of integrated drug discovery and compound management services
1,532 2,351
Delio
Designs digital private asset infrastructure for global financial institutions
958 1,821
Relative Insight
Linguistic analysis software platform
1,000 1,796
Life's Great Group (trading as Mojo Mortgages)
Digital mortgage broker
1,156 1,760
Whiterock Group
Technology business (trading as ZynQ360) providing Visual Asset Management services
1,014 1,753
Rockar 2016 (trading as Rockar)
Innovative Car Retailer
1,674 1,741
Vodat Communications Group 
Provider of managed IT network and communications solutions to business customers
1,240 1,717
QikServe Limited
Software platform for the hospitality sector 
1,674 1,674
CatTech International 
Industrial services business focusing on specialist extraction and replacement of catalysts
1,115 1,642

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 82.60
Year Ended December Payment Date Interim/Final Rate (p)
2021 1 October 2021 Interim 2.00
2020 21 May 2021 Final 2.00
2 October 2020 Interim 1.00
2019 22 May 2020 Final 2.00
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
2006-2015 42.20

Shareholder Documents

Maven and the VCTs are committed to reducing the environmental impact of printing substantial documents. If you currently receive hard copy Annual and Interim Reports, and would prefer to receive email or postal notifications of their website publication, you should advise the Registrar, Link Market Services, using the contact details above.

MIG4 Current Reports and Accounts

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