REG - MavIncGroVCT4 - Statement re Unaudited NAV and Interim Dividend

Maven Income and Growth VCT 4Announcement

Wed 10:30

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RNS Number : 3029R  Maven Income & Growth VCT 4 PLC  16 July 2025

Maven Income and Growth VCT 4 PLC

 

Unaudited Net Asset Value and Interim Dividend

 

The Directors of Maven Income and Growth VCT 4 PLC (the Company) confirm that
the unaudited net asset value of the Company as at 30 June 2025 was 56.72p per
Ordinary Share after payment, on 16 May 2025, of a final dividend of 1.75p per
Ordinary Share in respect of the year ended 31 December 2024.

 

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 successful realisation of the
investment in Horizon Ceremonies, the Board is pleased to declare that an
increased interim dividend in respect of the year ending 31 December 2025, of
2.75p 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 latest dividend, 99.35p per 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 apply 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 due to be paid on 29 August 2025, by
completing a DIS mandate. In order for the DIS to apply to the 2025 interim
dividend, the mandate form 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:
www.mavencp.com/migvct4 (http://www.mavencp.com/migvct4) . Election to
participate in the DIS can also be made through the Registrar's online
investor hub at: https://maven-cp.cityhub.uk.com/login
(https://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 30 June 2025 has been, or will be, notified to a regulatory
information service.

 

 

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

16 July 2025

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