REG - MavIncGroVCT4 - Unaudited NAV and Proposed Final Dividend

Maven Income and Growth VCT 4Announcement

14/03/2025 12:00

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RNS Number : 7777A  Maven Income & Growth VCT 4 PLC  14 March 2025

 

Maven Income and Growth VCT 4 PLC

 

Proposed Final Dividend

 

On 24 January 2025, the Directors of Maven Income and Growth VCT 4 PLC (the
Company) announced that the unaudited net asset value of the Company as at 31
December 2024 was 59.47p per Ordinary Share.

 

The Directors propose that a final dividend of 1.75p per Ordinary Share in
respect of the year ended 31 December 2024, be paid on 16 May 2025 to
Shareholders on the register at close of business on 11 April 2025. This will
bring the annual dividend to 3.75p per Ordinary Share, representing an annual
yield of 6.1% based on the NAV at the immediately preceding year end.

 

As Shareholders will be aware from recent Annual and Interim Reports,
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.
Your Board recognises the importance to Shareholders of regular tax free
distributions and, further to the completion of several profitable
realisations, has elected to enhance the dividend policy. From the year ended
31 December 2024, your Company has increased its target annual dividend from
5% to 6% of the NAV per Ordinary Share at the immediately preceding year end.

 

Since the Company's launch, and after receipt of the proposed final dividend,
a total of 96.6p 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

 

The Company has in place a Dividend Investment Scheme (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 requested
from Shareholders at Annual General Meetings. Shares issued under the DIS
should qualify for VCT tax reliefs applicable for the tax year in which they
are allotted. Terms & conditions of the scheme, together with a mandate
form, are available from the Company's webpage at: mavencp.com/migvct4
(http://www.mavencp.com/migvct4) .

 

Shareholders who have not previously applied to participate in the DIS and who
wish to do so in respect of the dividend payable on 16 May 2025, should ensure
that a mandate form is received by the Registrar, The City Partnership (UK)
Limited, prior to the dividend election date of 2 May 2025.

 

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 annual results for the year ended
31 December 2024 has been or will be notified to a regulatory information
service.

 

 

Issued on behalf of the Board

Maven Capital Partners UK LLP

Company Secretary

14 March 2025

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