REG - Maven Inc&Grwth 5 - Statement re Unaudited NAV and Interim Dividend

Achilles Investment CoAnnouncement

10/07/2025 17:00

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RNS Number : 6216Q  Maven Income and Growth VCT 5 PLC  10 July 2025

Maven Income and Growth VCT 5 PLC

 

Unaudited Net Asset Value (NAV) and Enhanced Interim Dividend

 

Unaudited NAV

The Directors of Maven Income and Growth VCT 5 PLC (the Company) confirm that
the unaudited NAV of the Company as at 31 May 2025 was 31.47p per Ordinary
Share after the payment, on 9 May 2025, of the final dividend of 1.00p per
Ordinary Share in respect of the year ended 30 November 2024.

 

Interim Dividend

The Directors understand the importance of tax free distributions to
Shareholders and, as announced in the 2024 Annual Report, have 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.

 

In line with the new policy, and following the realisation of the investment
in Horizon Ceremonies, the Board is pleased to declare that an enhanced
interim dividend in respect of the year ending 30 November 2025, of 1.25p per
Ordinary Share, will be paid on 29 August 2025 to Shareholders on the register
at close of business on 25 July 2025. Since the Company's launch, and after
receipt of this interim dividend, 55.25p 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 the interim dividend, which is due to be paid on 29
August 2025, by completing a DIS mandate, which must be received by the
Registrar (The City Partnership) before 8 August 2025, 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/migvct5. Election to participate in the DIS
can also be made through the Registrar's online investor hub at:
maven-cp.cityhub.uk.com/login.

 

Further to the information disclosed above, the Directors confirm that they
are satisfied that all inside information (as defined by Article 7 of the
Market Abuse Regulation (596/2014/EU)) that the Directors and the Company may
have in their possession relating to the Company during the 30 day closed
period leading up to the announcement of its interim results for the six
months ended 31 May 2025 has been or will be notified to a regulatory
information service.

 

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

10 July 2025

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