Interim Management Statement (0399H)
May 20 2011 - 11:16AM
UK Regulatory
TIDMMAV4 TIDMMAVS
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 GBP199,610 in private equity investments. During
the same period, disposals generated aggregate proceeds of
GBP486,380 against a cost of GBP372,444.
The S share portfolio invested GBP124,858 in private equity
investments during the same period, and generated aggregate
disposals proceeds of GBP145,450 against cost of GBP102,239.
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
GBP86,000 in Torridon Capital, which supplies legal and financial
insurance products and litigation services. The S share portfolio
invested GBP73,000 in the same company.
Further disposals generated proceeds of GBP4,080 for the
Ordinary share portfolio against costs of GBP3,044.
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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