Title: 229537588.pdf URL Source: https://documentscdn.financialexpress.net/Literature/A2ED364A6B4B20BAF42A871DAECCE599/229537588.pdf Number of Pages: 2 Markdown Content: # MAVEN INCOME AND GROWTH VCT PLC mavencp.com/migvct # Fund Factsheet # June 2025 INVESTMENT OBJECTIVE To achieve long-term capital appreciation and generate income for Shareholders. INVESTMENT POLICY Investing in a diversified portfolio of private and AIM quoted companies that meet the VCT qualifying criteria and have strong growth potential. The VCT also has an active liquidity management policy, with the objective of generating income from cash resources held prior to investment. This can include investment in money market funds, listed investment trusts or any other permitted options. FINANCIAL HIGHLIGHTS / 28 FEBRUARY 2025 DIVIDENDS FOR PAST FIVE FULL FINANCIAL YEARS 5 Year Ended Payment Date Interim/Final Rate (p) NAV TOTAL RETURN PER SHARE* / 28 FEBRUARY 2025 80 160 150 140 130 120 110 100 90 2021 2022 2023 2024 2025 Net asset value (NAV) NAV per Ordinary Share NAV total return per Ordinary Share Proposed final dividend per Ordinary Share (July 2025) Annual yield # £65.68m 39.37p 148.08p 1.25p 108.71p 6.08% 2024 2023 2022 2021 November 2024 July 2024 December 2023 July 2023 December 2022 July 2022 December 2021 July 2021 November 2020 Interim Interim Final Interim Final Interim Final Interim 1.15 1.15 1.00 1.15 1.10 1.25 1.00 1.00 1.00 Generalist February 2000 1166,841,748 28/29 February 95 (private & AIM quoted) 6% of NAV per share 2 5% discount to NAV per share 3 Dividend Investment Scheme Buy-back policy Dividend target No. of holdings Year end Shares in issue Launched Type Webpage KEY DATA / 28 FEBRUARY 2025 2025 July 2025 Proposed Final 1.25 Final > 1444.32p 146.25p 147.27p 145.86p (p) 148.08p *NAV per share plus dividends paid to date at the end of February each year. Dividends that have been declared but not yet paid are included in the NAV at the date shown. ⁴Yes (see webpage) Dividends paid to date per Ordinary Share IMPORTANT: This factsheet contains only summary information. It is updated when the VCT’s private equity portfolio is revalued, which is nomally six-monthly. For full information, including relevant risk factors, consult the Annual and Interim Reports accessed from the VCT’s webpage, and any relevant Prospectus document for a VCT Offer. Past performance is not a guide to, or a forecast of, future performance. INVESTMENT PORTFOLIO / 28 FEBRUARY 2025 SECTOR ANALYSIS (BY VALUE) 6 > 1. Software & technology - 50% 2. Business Services - 16% 3. Learning & development/ recruitment technology - 11% 4. Industrials & engineering - 10% 5. Pharmaceuticals, biotechnology & healthcare - 7% 6. Marketing & advertising > technology - 6% TOP TEN HOLDINGS BY VALUE / 28 FEBRUARY 2025 Bright Network Horizon Ceremonies Summize Rockar Bud Systems Manufacture 2030 HCS Control Systems Zinc CYSIAM Novatus Global 3.0 2.9 2.9 2.7 2.2 2.1 1.9 1.8 1.7 1.7 % of total assets ONGOING COSTS* / 28 FEBRUARY 2025 2.0% pa £105,000 pa 10% of NAV total return 3.5% of NAV Investment management fee Secretarial/administration fee Performance incentive fee Cap on annual costs PORTFOLIO COMMENTARY 7 / 28 FEBRUARY 2025 CORPORATE AND CONTACT INFORMATION Manager and Company Secretary: Maven Capital Partners UK LLP 0141 306 7400 / enquiries@mavencp.com (Authorised and regulated by the FCA) Registrars: The City Partnership (UK) Limited 01484 240910 / mavencp@city.uk.com Stockbroker 8: Shore Capital Stockbrokers Limited / 020 7647 8132 TIDM: MIG1 ISIN: GB0004122858 Company Number: 03908220 1) As Murray VCT 4 PLC. 2) To pay, as a guide, an annual dividend that represents 6% of the NAV per share at the preceding year end. 3) The VCT aims to buy back shares at a price that is approximately 5% below (at a discount to) NAV per share, subject to market conditions, availability liquidity and the maintenance of the Company’s VCT qualifying status. 4) Yield calculated using dividends paid for most recent full financial year, and NAV per Share at preceding year end. 5) Dividends paid in respect of past five financial years. Dividends are not guaranteed. 6) Excludes cash balances and liquidity management holdings. 7) Extracted and summarised from the Annual Report for the period ended 28 February 2025 (available on the VCT’s webpage). 8) The Broker to the VCTs - neither the VCT nor Maven can buy back shares directly from Shareholders. For enquires about selling shares or potential share buy backs, the investor or their broker should contact Shore Capital. Source: Maven Capital Partners, 28 May 2025. Software & technology is widely diversified by end market, including automotive, cyber security, data analytics, fintech and regtech businesses. 1. Less than 1 year - 5% 2. Between 1 and 3 years - 30% 3. Between 3 and 5 years - 25% 4. Greater than 5 years - 40% The proportion of the private company and AIM portfolio (by value) in each age band, where the age of an investment is determined by the date at which the VCT first invested. *These fees are paid by the VCT to Maven, and not directly by individual Shareholders, so their impact is reflected in the NAV Total Return performance. This is a summary only, further detail is available in the VCT’s Annual Report, including how performance fees are calculated and the annual increases applied to the administration fee. Notwithstanding a challenging period for the UK economy, in the face of global political instability and macroeconomic uncertainty dampening growth prospects and impacting consumer confidence, the VCT delivered a resilient performance for the year underpinned by a successful year for realisations. With an improvement in the level of M&A activity across the market in 2024, including a re-emergence of US private equity buyers for UK technology companies, the VCT completed seven profitable private company exits, including the highest sale price to date for a company in the private equity technology portfolio. This performance supported an increase in NAV total return and an increase in the annual dividend target to 6% of NAV per Share. That progress reflected the success of the investment strategy, which aims to build a large and broadly based portfolio of private companies with high growth potential and operating across sectors where revenues are not directly dependent on discretionary consumer expenditure. Maven’s regionally based investment team provides the VCT with access to a wide range of investment opportunities and has an active pipeline of potential transactions capable of maintaining a healthy rate of new investment in 2025. AGE PROFILE OF INVESTMENTS (BY VALUE) 6