Interim Management Statement

RNS Number : 9230D

Maven Income and Growth VCT 3 PLC

02 May 2013

 



Maven Income and Growth VCT 3 PLC

Interim Management Statement

1.         Net Asset Value

The NAV was 82.91p at 28 February 2013 compared with 82.70p at 30 November 2012, and the NAV Total Return was 114.36p compared with 114.15p as at 30 November 2012. The NAV Total Return is calculated as the NAV plus dividends paid.

The NAV shown above is unaudited and reflects the closing bid prices of quoted securities at 28 February 2013. Unlisted companies are normally valued on a six-monthly basis and the NAVs include the Directors' valuations of unlisted investments as at 30 November 2012 adjusted for material developments within the portfolios since that date.  

2.         Investments and disposals

During the quarter ended 28 February 2013, four new and four follow-on investments totalling £2,427,049 were made in unquoted companies. During the same period disposals generated aggregate proceeds of £209,361 compared with cost of £136,674.

There were no other material transactions during the period under review. 

After the quarter end, a further three investments were made totalling £2,361,918 and proceeds of realisation were £1,450,783, compared with cost of £400,862.

3.         Recent developments

The Board is not aware of any other events or transactions that have taken place between 28 February 2013 and the date of publication of this statement and which would have had a material impact on the financial position of the Company.

Issued on behalf of the Board

Maven Capital Partners UK LLP, Secretary

2 May 2013

 

END

 

 

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