9th Apr 2014 17:16
LONDON (Alliance News) - Maven Income and Growth VCT 4 PLC Wednesday reported a net asset value total return of 127.90 pence per share at the end of 2013, compared with 122.75 pence a year earlier.
The company, which completed a share class consolidation and a merger with Ortus VCT PLC in April 2013, said 2013 had been an important one.
"The past year has been another period of significant change and positive developments for your company, and the board notes that the benefits and efficiencies which were expected from the merger have already helped towards achieving a lower total expense ratio, due to the larger capital base, and an increase in tax-free returns to all shareholders," Ian Cormack, Chairman, said in a statement.
"The board believes that the selective, later-stage investment policy pursued by the Manager will continue to be successful, and will deliver further growth in Shareholder value in the years ahead," the chairman added.
The VCT's shares Wednesday closed at 85.50 pence, down 1.7%.
By Samuel Agini; [email protected]; @samuelagini
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Maven Income and Growth VCT 2