Maven Income & Growth VCT posts slight rise in NAV

Maven Income & Growth VCT has published its interm management statement for the quarter ending November 30th 2012 revealing a slight increase in the size of its Net Asset Value (NAV).

The company's NAV was 50p higher than that reported on August 31st 2012. The NAV total return of 117.6p per share was also 50p higher than that recorded on August 31st 2012.

Some 183,000 ordinary shares were bought back for cancellation during the quarter and an interim dividend of 2p per share was paid on December 7th in respect of the year ending February 28th.

During the quarter, a total of £87,330 was invested in two unlisted companies. Aggregate proceeds of £1,756,262 were received from the disposal of holdings in six unlisted companies, against a total cost of £1,143,008.

Maven Income and Growth VCT PLC is a generalist VCT which aims to achieve long-term capital appreciation and generate maintainable levels of income for shareholders.

MF