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Last checked at 
4 Dec 2025 10:35
Maven Income and Growth VCT 4 PLC (the Company)
Second Interim Dividend
Dividends
The Directors understand the importance of tax free distributions to Shareholders and, as announced in the 2024 Annual Report, enhanced the dividend policy by increasing the target annual yield from 5% to 6% of NAV per Ordinary Share at the immediately preceding year end. Shareholders should be aware that this remains a target and that decisions on distributions take into consideration a number of factors, including the realisation of capital gains, the adequacy of distributable reserves, the availability of surplus revenue and the VCT qualifying level, all of which are kept under close and regular review. As the portfolio continues to expand and the proportion of younger, growth companies increase, the timing of distributions will be more closely linked to realisation activity, whilst also reflecting the requirement to maintain the VCT qualifying level.
First Interim Dividend
Following the profitable realisation of Horizon Ceremonies in July 2025, an enhanced interim dividend in respect of the year ending 31 December 2025, of 2.75p per Ordinary Share, was paid on 29 August 2025.
Second Interim Dividend
In line with the new policy and following the recent realisation of the investment in Ensco 969 Limited (trading as DPP), the Board is pleased to declare that a second interim dividend in respect of the year ending 31 December 2025, of 1.00p per Ordinary Share, will be paid on 16 January 2026 to Shareholders on the register at close of business on 12 December 2025.
Since the Company's launch, and after receipt of this second interim dividend, a total of 100.35p per Ordinary Share will have been distributed in tax free dividends. It should be noted that the effect of paying dividends is to reduce the NAV of the Company by the total cost of the distribution.
Dividend Investment Scheme (DIS)
The Company has in place a DIS, through which Shareholders may elect to have their dividend payments used to subscribe for new Ordinary Shares issued by the Company under the standing authority granted by Shareholders at Annual General Meetings. Shares issued under the DIS should qualify for VCT tax relief applicable for the tax year in which they are allotted, subject to an individual Shareholder's particular circumstances.
Shareholders can elect to participate in the DIS in respect of future dividends, including this second interim dividend, due to be paid on 16 January 2026, by completing a DIS mandate, which must be received by the Registrar (The City Partnership) by 2 January 2026, this being the next dividend election date. The mandate form, terms & conditions and full details of the scheme (including tax considerations) are available from the Company's webpage at: mavencp.com/migvct4. Election to participate in the DIS can also be made through the Registrar's online investor hub at: maven-cp.cityhub.uk.com.
Issued on behalf of the Board
Maven Capital Partners UK LLP
Secretary
4 December 2025
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