Over-allotment facility activated by Maven VCTs | Investing | VCTs

Maven is pleased to announce that the VCT Boards have exercised the over-allotment facility for the current Offers across the Maven Income and Growth VCTs. This decision reflects continued investor appetite as the VCTs approach their initial joint £20 million target and increases the overall fundraise to £40 million.

The additional capacity enables the Maven VCTs to further expand their portfolios through new and follow-on investments in emerging UK companies at a time when Maven’s regional office network continues to generate a flow of high quality investment opportunities. 

Key benefits for investors include:

• Access to four highly diversified portfolios comprising, in aggregate, over 120 private and AIM-quoted companies across some of the UK's most vibrant sectors.
• Attractive tax reliefs, including up to 30% initial income tax relief, tax-free dividends, and exemption from capital gains tax.
• A recently enhanced dividend policy targeting an annual dividend of 6% of NAV per share, backed by a strong track record of profitable exits.
• The expertise of one of the sector’s largest and best resourced VCT teams, sourcing and managing VCT investments from a UK wide office network.

Although the availability of the over-allotment facilities ensures additional capacity for those wishing to invest, the Offers will close on 4 April 2025 for 2024/25 tax year applications, and 25 April 2025 for 2025/26 tax year applications, unless fully subscribed earlier.

Maven VCTs are intended for UK taxpayers aged 18 or over who: are seeking initial tax relief, tax free income and capital growth over a term of five or more years; already have a diversified portfolio including pension assets; are able to bear up to 100% capital loss; have a medium to high risk tolerance; and will generally be informed investors with experience in investing in VCTs or an understanding of the risks involved. The payment of dividends is not guaranteed.