Source - RNS
RNS Number : 4841O
Maven Income and Growth VCT 2 PLC
17 May 2018
 

Maven Income and Growth VCT 2 PLC (the Company)

 

Declaration of Interim Dividend

 

As highlighted by the Board in the Annual Report for the year ended 31 January 2018, Shareholders should be aware that the Directors had considered it necessary to distribute an enhanced level of interim dividends during that financial year. This was a result of a build-up of distributable reserves, including the proceeds from recent profitable realisations, and the requirement to ensure ongoing compliance with the VCT regulations.

 

Due to the number of profitable realisations and the requirement to ensure that the Company continues to comply with the VCT regulations at all times, the Board has considered it appropriate to declare the payment of an interim dividend in respect of the year ending 31 January 2019. It is confirmed that a payment of 5.20p per Ordinary Share will be made on 22 June 2018 to Shareholders on the register at close of business on 25 May 2018.

 

Decisions on future distributions will take into consideration the availability of surplus revenue, the adequacy of reserves, the proceeds from any further realisations and the VCT qualifying levels of the portfolio, all of which are kept under close review by the Board and the Manager.

 

Issued on behalf of the Board

Maven Capital Partners UK LLP

Company Secretary

17 May 2018

 


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