Maven Income and Growth VCT 4 PLC
Proposed Final Dividend
The Directors of Maven Income and
Growth VCT 4 PLC (the Company) confirm that the unaudited net asset
value of the Company as at 31 December 2023 was 61.71p per Ordinary
Share.
The Directors propose that a final
dividend in respect of the year ended 31 December 2023, of 1.75p
per Ordinary Share, be paid on 24 May 2024 to Shareholders on the
register at close of business on 19 April 2024.
As Shareholders will be aware from
recent Annual and Interim Reports, decisions on distributions take
into consideration a number of factors, including the availability
of surplus revenue, the realisation of capital gains, the adequacy
of distributable reserves and the VCT qualifying level. The Board
and the Manager recognise the importance of tax-free distributions
to Shareholders and, subject to the conditions set out above, will
seek, as a guide, to pay an annual dividend that represents 5% of
the NAV per share at the immediately preceding year end. This final
dividend will bring total distributions for the financial year to
3.50p per Ordinary Share, representing an annual yield of
5.12%.
Since the Company's launch, and
after receipt of this final dividend, a total of 92.85p 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.
Shareholders who have not previously
applied to participate in the DIS and who wish to do so in respect
of the dividend payable on 24 May 2024,
should ensure that a mandate form is received by
the Registrar, The City Partnership (UK) Limited, prior to the
dividend election date of 10 May 2024.
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 2023 has been or will be notified to
a regulatory information service.
Issued on behalf of the Board
Maven Capital Partners UK LLP
Company Secretary
20
February 2024