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Share Price: 38.00

Bid: 37.00

Ask: 39.00

Change: 0.00 (0.00%)

Spread: 2.00 (5.405%)

Open: 38.00

High: 38.00

Low: 38.00

Prev. Close: 38.00

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Maven Income and Growth VCT is an Investment Trust

To achieve long term capital appreciation and generate maintainable levels of income for shareholders through investing in small and medium sized unlisted and AIM/NEX quoted companies.

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Maven Income & Growth Cuts Annual Dividend As Net Assets Fall

Fri, 29th May 2020 18:21

(Alliance News) - Venture capital trust Maven Income & Growth VCT PLC on Friday cut its dividend for its recently ended financial year following a drop in net asset value.

As at February 29, net asset value was 46.35 pence per share, down from 47.76p the same date the year before. However, net asset value total return increased to 143.26p per share from 142.67p.

Maven Income & Growth said during the year, it made five exits from private companies, which each made a total return in excess of the current carrying value. In addition, the company deployed GBP5.3 million investing into 18 companies.

The trust declared a final dividend of 2.00p per share, bringing the total payout to 4.00p per share, down 68% from 12.55p the year before.

Shares in Maven Income & Growth VCT closed untraded on Friday in London, last quoted at 41.25p.

By Dayo Laniyan; dayolaniyan@alliancenews.com

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18 Oct 2023 16:43

IN BRIEF: Maven Income & Growth swings to loss on investments

Maven Income & Growth VCT PLC - venture capital trust aiming to achieve long-term capital appreciation and generate income for shareholders by investing in UK smaller companies - Reports a net asset value of 40.87 pence as at August 31, down 4.4% from 42.74p at the same time a year prior. Net loss before tax widens to GBP1.6 million in the six months ended August 31, from GBP436,000 the year prior. Records a loss on investments of GBP1.2 million in the half, compared to a gain of GBP60,000 the previous year.

2 Jun 2023 11:09

Maven Income & Growth VCT 1, 3, 4, 5 raise funds via subscription

(Alliance News) - Maven Income & Growth VCT PLC 1, 3, 4 and 5 on Friday said they have each allotted new shares after receiving applications to their subscription offers launched in 2022.

4 Apr 2023 21:12

IN BRIEF: Maven Income & Growth VCT reports negative NAV total return

Maven Income & Growth VCT PLC - London-based venture capital trust - Reports a net asset value per share total return in 2022 of negative 15.8%, compared to a positive return of 42.2% in 2021. Says the negative return for the year was principally comprised of unrealised falls in the value of investments still held of GBP19.5 million. These relate primarily Virgin Wines, MyTutor and Buster & Punch, it adds.

4 Nov 2022 14:04

Maven blames macroeconomic headwinds as income from investments drops

Alliance News) - Maven Income & Growth VCT PLC on Friday said market volatility driven by Russia's invasion of Ukraine had affected its performance, after it swung to a net loss on pretax activities in the first half.

8 Jun 2022 15:06

IN BRIEF: Maven Income & Growth VCT annual gains on investments surge

Maven Income & Growth VCT PLC - venture capital trust - Net asset value per share at February 28 stands at 44.34 pence, down from 44.41p at the same time the previous year. Total NAV return for the year ended February 28 is 146.25p per share, up from 144.32p a year prior. Net return on ordinary activities before tax was GBP3.0 million, up sharply from GBP898,000 the previous year. Gains on investments totalled GBP3.8 million, surging from GBP1.2 million a year prior. Proposes a final dividend of 1.25p per share.

22 Apr 2022 15:17

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