LONDON (Alliance News) - Maven Income and Growth VCT 5 PLC Thursday said its net asset value total return, which is the sum of NAV per share and dividends paid per share since launch, increased to 67.63 pence at the end of August from 68.83p at the end of May 2014.
In a statement, the VCT said it had a NAV of 40.18p per share at the end of August 2014, after paying an interim dividend for the year ending November 30. At the end May, its NAV per share was 42.18p per share.
The VCT paid the 0.80p interim dividend on August 29.
During the quarter ended August 31, the VCT invested a net amount of GBP1.6 million in five unlisted companies and GBP442,984 in one listed company. In the same period, it received GBP2.0 million from the sale of short-dated UK treasury bills. The realisation of four holdings in unlisted companies generated GBP697,505 against a cost of GBP505,291. In addition, the full or partial sale of five AIM quoted investments generated aggregate GBP717,027 against a total cost of GBP461,986.
Since September 1, the VCT invested GBP529,368 in two unlisted companies. It also invested GBP2.0 million in short-dated UK treasury bills. It generated GBP505,468 of proceeds from the sale of two AIM quoted investments against a cost of GBP132,024.
Maven Income and Growth VCT 5 shares were Thursday untraded at 36.12 pence.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Maven I&g Vct5 (MIG5)