Maven launches £6.1m Linked VCT Offer

NishaniRanaweera's picture

The Maven Linked VCT Offer

Maven announced that the Boards of four Maven managed VCTs have decided to raise up to £6.1 million this year in a linked offer. The funds raised will allow the VCTs to make further later stage private company investments, and to take advantage of the anticipated recovery in economic conditions and flow of good quality introductions Maven is currently experiencing across its UK office network.

The four VCTs participating in the Offer are:
Maven Income and Growth VCT PLC Maven Income and Growth VCT 2 PLC
Maven Income and Growth VCT 3 PLC Maven Income and Growth VCT 4 PLC

Maven is acting as the administrator for the Offer, and the Offer Document and brochure contained here outline key information about the Offer, the VCTs and the Manager.

The Maven Linked VCT Offer is intended to provide investors with access to:

* the usual VCT tax breaks, including up to 30% income tax relief up-front and tax-free dividends
* a mature and highly diversified multi-fund portfolio of established UK private companies, with strong yield characteristics
* up to eight tax-free distributions per year, each of the four participating VCTs has historically paid a combination of interim and final dividends
* an immediate income stream, with investors eligible for any Final Dividends payable between April and July 2010.

By investing through the Linked VCT Offer an investor participates in all four VCTs via a single application.

For any questions about the Offer, please contact Maven Capital Partners UK LLP, on 0141 306 7400 or

Important Note
VCT investments carry a higher risk than many other forms of investment, so you should read the Important Information and Risk Factors sections of the Offer documents and seek independent financial advice if you have any doubt as to whether an investment in VCT shares is suitable for you.
Please note that Maven Capital Partners UK LLP cannot give any investment advice.