Maven I&g 4 Share Price (MAV4)

Macanman
I am in a similar situation, I was stupid enough to subscribe for VCT 6 almost 5 years ago, which became MAV4 this year and I am just a little bit in pocket after my tax rebate and the very parsimonious dvis on VCT6 over my 4 years holding it. I think your position is better than you say because if you held VCT2 for 20 years you had quite a lot of tax free dividends over that time. Did you also claim CGT relief when you purchased, as I seem to recall that in the days of 20% relief which is what you appeared to have you had CGT relief, then the tax relief was raised to 30% and you had CGT deferral ? These days of course the only relief is 30%, nothing for CGT.

I have something to say. I have held this share for 20 years. I initially invested £3000 into VCT 1, (which became VCT 2 ) which is £2400 after you get your tax back. The NAV has dropped from £1 to 30 something p. This meant that my original 3000 shares became about half that number when VCT2 merged with VCT4 and the NAV now about 60p.

All in all I have made nothing in 20 years. The promises that were made in the prospectus! Sure I have had some dividends but the drop in NAV has cancelled everything out. So all in all it has been a shear waste of time and opportunity.

Barn them!

Is anyone out there?