Maven VCT top-up offers close in just over 2 weeks since opening

This year’s VCT top-up offers from four of the Maven’s Income and Growth VCTs closed early after raising its target amount of £5.5 million in little over 2 weeks of opening. Launched at the end of January, the offers proved popular amongst investors who were looking to gain access to established and highly diversified VCT portfolios.

It is the fourth successful Maven top-up offers in as many years. Investors in any of the previous offers will have benefited from regular and attractive levels of tax-free income and any new investors in this year’s offers will have immediate entitlement to a multi-fund income stream, including any final dividends payable between May and July 2013.

Maven has achieved regular profitable exits for its range of VCT clients, including five successful sales to UK and overseas buyers in 2012, which have helped to position the VCTs to maintain an attractive dividend policy for its shareholders whilst making further investment in income generating private companies with the potential for growth.

Bill Nixon, Managing Partner at Maven said: “This year’s offers have proved extremely popular to investors. The appetite amongst investors who are looking for a regular income stream through immediate entitlement to dividends, alongside the full range of VCT tax benefits, is a strong sign that VCTs are continuing to deliver positive outcomes for shareholders.

Investors in the Maven VCT top-up offers have gained access to four mature and broadly based portfolios, each with a later-stage new investment focus and a history of paying regular tax-free dividends. Following the successful early close of the 2011/2012 VCT offers we have once again seen exceptional demand amongst investors for this year’s offers, leading them to be fully subscribed well ahead of the proposed closing date.”