Maven Income and Growth VCT 5 PLC
Unaudited Net Asset Value and Proposed Final
Dividend
Unaudited Net Asset Value
On 13 December 2024, the Directors
of Maven Income and Growth VCT 5 PLC (the Company) announced that
the unaudited net asset value of the Company as at 30 November 2024
was 32.39p per Ordinary Share.
Proposed Final Dividend
The Directors understand the
importance to Shareholders of regular tax free distributions and,
following the
completion of several profitable
private company exits, elected to improve the dividend policy. From
the year to 30 November 2024 onwards, the Company has increased its
target annual dividend from 5% to 6% of the NAV per Ordinary Share
at the immediately preceding year end. Shareholders should be aware
that this remains a target and that 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.
The Directors propose that a final
dividend of 1.00p per Ordinary Share in respect of the year ended
30 November 2024, be paid on 9 May 2025 to Shareholders on the
register at close of business on 28 March 2025. This will bring the
annual dividend to 2.00p per Ordinary Share, representing an annual
yield of 6.15% based on the NAV at the immediately preceding year
end.
Since the Company's launch, and
after receipt of the proposed final dividend, a total of 54.00p 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: www.mavencp.com/migvct5.
Shareholders who have not previously
applied to participate in the DIS and who wish to do so in respect
of the dividend payable on
9 May 2025, should ensure that a
mandate form is received by the Company's
Registrars, The City Partnership (UK) Limited, prior to the dividend election date of 11 April
2025. Election to participate in the DIS can
also be made through the Registrar's online investor hub
at https://maven-cp.cityhub.uk.com.
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 30 November 2024 has been or will be notified to
a regulatory information service.
Issued on behalf of the
Board
Maven Capital Partners UK LLP
Company Secretary
26 February 2025
