Maven Income & Growth VCT 4 PLC Statement re NAV and Interim Dividend (2201J)
20 August 2021 - 12:04AM
UK Regulatory
TIDMMAV4 TIDMTTM
RNS Number : 2201J
Maven Income & Growth VCT 4 PLC
19 August 2021
Maven Income and Growth VCT 4 PLC
Net Asset Value and Interim Dividend
The Directors of Maven Income and Growth VCT 4 PLC (the Company)
confirm that the unaudited net asset value (NAV) of the Company as
at 30 June 2021 was 73.81p per Ordinary Share, which compares to
72.71p as at 31 March 2021. This represents an increase of 4.38%
over the quarter to 30 June 2021, after taking account of the
payment of the 2020 final dividend of 2.00p per share on 21 May
2021.
As Shareholders will be aware from recent Annual and Interim
Reports, decisions on distributions take into consideration a
number of factors, including the availability of surplus revenue,
the realisation of capital gains, the adequacy of distributable
reserves and the VCT qualifying level. These factors are all kept
under close and regular review by the Board and the Manager, who
recognise the importance of tax-free distributions to
Shareholders.
The Board is pleased to declare that an increased interim
dividend in respect of the year ending 31 December 2021, of 2.00p
per Ordinary Share, will be paid on 1 October 2021 to Shareholders
on the register at close of business on 3 September 2021. Since the
Company's launch, and after receipt of this latest dividend, 82.60p
per share will have been distributed in tax-free dividends. It
should be noted that the effect of paying a dividend is to reduce
the NAV of the Company by the total cost of the distribution.
Dividend Investment Scheme
T he Company has in place a Dividend Investment Scheme (DIS)
through which Shareholders may elect to have their dividend
payments used to apply for new Ordinary Shares issued by the
Company under the standing authority requested from Shareholders at
Annual General Meetings. Shares issued under the DIS should qualify
for VCT tax reliefs applicable for the tax year in which they are
allotted. Terms & conditions of the scheme, together with a
mandate form, are available from the Company's website at:
www.mavencp.com/migvct4 .
Shareholders who have not previously applied to participate in
the DIS and who wish to do so in respect of the dividend payable on
1 October 2021 , should ensure that a mandate form, or CREST
instruction if appropriate, is submitted prior to the dividend
election date of 17 September 2021.
Further to the information disclosed above, the Directors
confirm that they are satisfied that all inside information (as
defined by Article 7 of the Market Abuse Regulation (596/2014/EU))
that the Directors and the Company may have in their possession
relating to the Company during the 30 day closed period leading up
to the announcement of its interim results for the six months ended
30 June 2021 has been, or will be, notified to a regulatory
information service.
Issued on behalf of the Board
Maven Capital Partners UK LLP
Secretary
19 August 2021
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END
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