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MavIncGroVCT4 (MAV4)

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Friday 19 November, 2010

MavIncGroVCT4

Interim Management Statement

RNS Number : 4967W
Maven Income & Growth VCT 4 PLC
19 November 2010
 



Maven Income and Growth VCT 4 PLC

 

Interim Management Statement

 

 

1.         Net Asset Value

 

·     Ordinary share net asset value (NAV) of 90.3p at 30 September 2010. Dividends paid amount to 16.3p, which gives an NAV Total Return of 106.6p.

 

·     S Ordinary share net asset value of 95.9p at 30 September 2010. Dividends paid amount to 6.55p, which give an NAV total Return of 102.4p.

 

The NAVs shown above are unaudited and reflect the closing bid prices of quoted securities at 30 September 2010. Unlisted companies are normally valued on a six-monthly basis and the NAVs include the Directors' valuations of unlisted investments as at 30 June 2010 adjusted for material developments within the portfolios since that date.  

 

2.         Investments and disposals

 

During the quarter ended 30 September 2010, the Ordinary share portfolio invested £14,000 in unlisted investments. During the same period, disposals generated aggregate proceeds of £50,087 against a cost of £56,498.

 

The S share portfolio invested £8,000 in unlisted investments during the same period, and generated aggregate disposals proceeds of £110,922 against cost of £96,148.

 

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

 

3.         Issue of shares

The Company, with the other Maven VCTs, has launched the Maven Linked VCT Offer 2.

 

4.         Recent developments

Since 30 September 2010, the Ordinary share portfolio has invested £199,000 in Flexlife Group Limited, which designs and provides project and integrity management services for the flexible pipe and sub-sea technology industry. The S share portfolio invested £134,000 in the same company and a further £130,000 in Atlantic Foods Group, which provides food products to the catering sector.

 

Further disposals generated proceeds of £285,204 for the Ordinary share portfolio and £41,239 for the S share portfolio against costs of £227,036 and £35,492 respectively.

 

The Board is not aware of any other events or transactions that have taken place between 30 September 2010 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

 

19 November 2010


This information is provided by RNS
The company news service from the London Stock Exchange
 
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