Interim Management Statement

RNS Number : 0399H

Maven Income & Growth VCT 4 PLC

20 May 2011

 



Maven Income and Growth VCT 4 PLC

Interim Management Statement

1.         Net Asset Value

·     Ordinary share net asset value (NAV) Total Return of 115.0p per share and net asset value of 98.7p at 31 March 2011.

·     S Ordinary share NAV Total Return of 104.95p and NAV of 98.4p at 31 March 2011.

The NAVs shown above are unaudited and reflect the closing bid prices of quoted securities at 31 March 2011. Unlisted companies are normally valued on a six-monthly basis and the NAVs include the Directors' valuations of unlisted investments as at 31 December 2011 adjusted for material developments within the portfolios since that date.  

2.         Investments and disposals

During the quarter ended 31 March 2011, the Ordinary share portfolio invested £199,610 in private equity investments. During the same period, disposals generated aggregate proceeds of £486,380 against a cost of £372,444.

The S share portfolio invested £124,858 in private equity investments during the same period, and generated aggregate disposals proceeds of £145,450 against cost of £102,239.

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

3.         Issue of shares

As previously announced, the Company has issued 431,672 Ordinary shares in respect of the Maven Linked VCT Offer 2.

4.         Recent developments

Since 31 March 2011, the Ordinary share portfolio has invested £86,000 in Torridon Capital, which supplies legal and financial insurance products and litigation services. The S share portfolio invested £73,000 in the same company.

Further disposals generated proceeds of £4,080 for the Ordinary share portfolio against costs of £3,044.

The Board is not aware of any other events or transactions that have taken place between 31 March 2011 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

20 May 2011

 

END

 

 

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