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Maven launches VCT offers to raise GBP30 million for established VCTs


Maven Capital Partners has announced VCT offers to raise up to GBP30 million (with an over-allotment facility for up to a further GBP10 million).

Maven is launching the offers to take advantage of the strong pipeline of new transactions which is in evidence across the Maven regional office network.
For the first time investors in Maven VCTs will have the option to complete and submit an application and payment online by visiting a new dedicated and secure investment portal operated by Capita Asset Services which is the Receiving Agent and Registrar for the Maven VCTs. This new system has been launched in response to investor demand and is designed to make the application process faster and simpler for investors, reducing exposure to postal loss and handling for VCT offers which often see high demand as the tax year end approaches or when early investment discounts apply.
Maven VCT 3 and Maven VCT 4 have consistently generated positive returns for investors, with increases in NAV Total Return per share for eight consecutive years, including 14 tax-free dividends paid between those VCTs since April 2015. Over the past five financial years Maven VCT 3 and 4 have generated average annual dividend yields of 10.9 per cent and 8.7 per cent respectively for shareholders, when taking account of the 30 per cent initial tax relief available for investment in new VCT shares.
Maven has demonstrated that it has the breadth of investment expertise and executive resource to successfully deploy VCT funds, investing in a wide range of growing companies, led by entrepreneurs with the ambition and talent to grow a valuable business and ultimately achieve a successful sale on behalf of all shareholders.
Bill Nixon, managing partner at Maven Capital Partners says: “We are very pleased to announce these new VCT offers, which reflect the growing pipeline of high quality SME investment opportunities we’re seeing across the UK, where we often see opportunities that aren’t available to other VCT fund managers. We have demonstrated our ability to adapt to the new VCT rules, and have already completed eleven new VCT qualifying deals under those new rules, providing growth finance to innovative UK companies across a range of sectors.
VCTs continue to offer one of the most attractive tax-efficient investment options, providing investors with tax-efficient exposure to UK SMEs, while at the same time enabling small businesses to grow and supporting the creation of thousands of jobs across the UK. Both Maven VCT 3 and Maven VCT 4 have long term track records of delivering strong shareholder returns and attractive levels of tax-free dividends which we know are an important source of income for our client investors.”

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