MAVEN INCOME & GROWTH VCT PLC (MIG1)

Maven Income & Growth VCT is one of the better performing Venture Capital Trusts with a reasonable cost structure (fees and expenses of 2.6% as a percentage of net assets). It was originally named Murray VCT4. NAV Total Return was up 4.3% last year. Dividend yield was 9.3% at the year end and such dividends are of course tax free which is now particularly useful with the new rules coming in on dividend taxation announced in the Chancellors Budget on the ...

Maven Income & Growth VCT (MIG1) is one of a stable of VCTs managed by Maven Capital Partners UK LLP (led by forceful Scotsman Bill Nixon who sits on the boards of some of these companies, but not this one – that doesn’t stop him doing most of the talking in response to questions at the AGM). The AGM was held on the 3rd July at Maven’s new offices in London (Royal Exchange Buildings behind the Royal Exchange in the City). We ...