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Pin to quick picksMaven I&g 4 Share News (MAV4)

Share Price Information for Maven I&g 4 (MAV4)

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Share Price: 59.00
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Maven Income and Growth VCT 4 is an Investment Trust

To achieve long term capital appreciation and generate income by investing the majority of its funds in a diversified portfolio of shares and securities in smaller, unquoted UK companies and AIM/NEX quoted companies.

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Maven Income & Growth VCT 4 NAV Drops In 2019, Hit Further By Virus

Tue, 21st Apr 2020 19:08

(Alliance News) - Maven Income & Growth VCT 4 PLC on Tuesday said its net asset value declined in 2019 following an interim dividend payment and fell more sharply post year-end due to the Covid-19 pandemic.

The venture capital trust reported a December 31 NAV per share of 70.91 pence per share following payment of a 2.00p per share interim dividend, down from 71.77p at the end of 2018. As disclosed in March, the trust's NAV has fallen further since then to 64.51p per share as "the global economy and financial markets have been impacted by the coronavirus (Covid-19) pandemic".

NAV total return at the end of 2019 was 146.51p, up from 145.37p in 2018. Maven 4 said that "the NAV total return is considered to be a more appropriate long-term measure of shareholder value as it includes the current NAV per share and the sum of dividends paid to date."

The firm has declared a final 2.00p per share dividend for 2019, taking the annual total to 4.00p per share.

On December 19, Maven 4 completed its all-share merger with Maven VCT 6, increasing net assets to GBP73.1 million. Maven 4 issued 27.6 million shares as consideration to former Maven 6 shareholders.

Chair Peter Linthwaite said: "There will now be a period of consolidation where the primary objective will be to expand the portfolio further, through selective additions of new private and AIM quoted companies. Your company has good levels of liquidity to support this strategy and the medium-term objective remains committed to building a diversified portfolio to help mitigate the risks associated with early stage investment. While there are obvious challenges to be faced as a result of the Covid-19 pandemic, the board believes that Maven remains well placed to deliver this objective for Shareholders and anticipates a good rate of investment through the first half of the new financial year."

Shares in Maven 4 closed untraded at 62.00p in London on Tuesday.

By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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30 Aug 2023 14:24

IN BRIEF: Maven Income & Growth VCT 4 net asset value falls

Maven Income & Growth VCT 4 PLC - Venture capital trust investing in smaller companies with growth potential - Says net asset value on June 30 was 64.92 pence, down 5.2% from 68.56p a year prior. Declares an interim dividend for the six months ended June 30 of 1.75 pence per share, down 13% from 2.00p per share. Looking ahead, says the outlook for the UK is expected to improve, despite inflation remaining high.

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IN BRIEF: Maven Income & Growth VCT 4 net asset value falls

Maven Income & Growth VCT 4 PLC - venture capital trust investing in smaller companies with growth potential - Reports net asset value at December 31 of 68.30 pence per share, down 8.8% from 74.88p a year prior. Adds NAV total return at the year-end was 155.90p per share, compared to 157.48p at the end of 2021. Declares final dividend of 1.75p, making total payout for the year 3.75p. Describes performance as "creditable" in what was a challenging period. Notes meaningful progress across the unlisted portfolio was offset by the weaker performance of AIM, where the value of the company's portfolio, was hit by the volatility within financial markets. Believes the company is well positioned to deliver growth in the year ahead in line with the long term investment objective.

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IN BRIEF: Maven Income & Growth 4 interim net asset value drops

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IN BRIEF: Maven Income & Growth VCT 4 declares interim dividend

Maven Income & Growth VCT 4 PLC - VCT investing in smaller companies with growth potential - Says its net asset value per share as at June 30 was 68.56 pence. Says the reflects the payment of a second interim dividend of 2.00p on March 11 and the payment of a final dividend of 1.00p on May 20. Declares an interim dividend of 2.00p per share will be paid on October 7 for 2022.

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14 Jul 2022 14:05

Maven Income & Growth VCT 4 confirms Interim CEO Gray as permanent

(Alliance News) - Maven Income & Growth VCT 4 PLC on Thursday said it has appointed Interim Chair Fraser Gray as its permanent chair.

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24 Jun 2022 17:57

IN BRIEF: Maven Income & Growth VCT 4 Chair Linthwaite dies

Maven Income & Growth VCT 4 PLC - generalist venture capitalist trust which aims for long term capital appreciation - Chair Peter Linthwaite dies after a prolonged illness.

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6 Jun 2022 18:04

IN BRIEF: Maven Income & Growth VCT 3, 4 raise funds via subscription

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IN BRIEF: Maven Income & Growth VCT 4 posts net asset value rise

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