LONDON (Alliance News) - Maven Income and Growth VCT 5 PLC Friday said the return on its net asset value was 60.23 pence on August 31, compared to 59.32 pence on May 31.
The return on NAV is the sum of NAV per share and dividends paid per share since launch.
Between September 1 and October 11, the company invested GBP1.8 million in short-dated UK treasury bills. The full or partial disposals of eleven AIM quoted investments generated proceeds of GBP1.4 million against a cost of GBP1.0 million.
The NAV at the close of business on Thursday was 36.37p per share.
Maven said it expects this price will be used as a basis for the planned GBP3 million capital raising by way of a joint offer for subscription alongside the other venture capital trusts managed by Maven Capital Partners UK LLP.
The company's shares Friday closed at 26 pence, unchanged.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Maven I&g Vct5 (MIG5)