Maven Income and Growth VCT 4 PLC (the
Company)
Unaudited Net Asset Value and Interim
Dividend
The Directors confirm that the
unaudited net asset value of the Company as at 30 June 2024 was
62.19p per Ordinary Share and that it reflects the payment, on 24
May 2024, of a final dividend of 1.75p per Ordinary Share in
respect of the year ended 31 December 2023.
The Board is pleased to declare that
an increased interim dividend in respect of the year ending 31
December 2024, of 2.00p per Ordinary Share, will be paid on 18
October 2024 to Shareholders on the register at close of business
on 20 September 2024. Since the Company's launch, and after receipt
of this latest dividend, 94.85p 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.
As Shareholders will be aware from
recent Annual and Interim Reports, the 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.
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 18
October 2024, by completing a DIS mandate.
In order for the DIS to apply to the 2024 interim dividend, the
mandate form must be received by the Registrar (The City
Partnership) before 4 October 2024, 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 website at: 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.
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 2024 has been, or will be,
notified to a regulatory information service.
Issued on behalf of the
Board
Maven Capital Partners UK LLP
Secretary
23
August 2024