MIG 4 VCT
Matrix Income & Growth 4 VCT plc (formerly TriVen VCT)
Enquiries 020 3206 7109
Welcome to the webpage of the Matrix Income & Growth 4 VCT plc ("MIG 4"). MIG 4, formerly TriVen VCT, was originally established as a multi-manager VCT in the 1998/99 tax year. In July 2006, Matrix Private Equity Partners (“MPEP”), was appointed to be the sole Investment Adviser. In the 2006/2007 tax year, the Company changed its name and investment strategy and launched a new share issue that raised £14.5 million, net of issue costs. A Top-up Offer launched in 2009/10 tax year raised a further £1.6 million.
Investment Objective
The VCT’s objective is to provide investors with a regular income stream, by way of tax free dividends, and to generate capital growth through portfolio realisations, which can be distributed by way of additional tax free dividends.
Investment Adviser - Matrix Private Equity Partners
Matrix Private Equity Partners LLP (MPEP) is one of the most experienced teams focused on VCT investment, currently advising around £130 million of funds on behalf of four VCTs. There are a number of features that make MPEP stand out as a VCT manager.
For further information on MPEP click here.
The Matrix VCT Linked Offer
The second Matrix VCT Linked Offer was launched on 20 January 2012. The Offer for a total of £21 million is to be raised jointly by the VCT together with Matrix Income & Growth VCT plc and The Income & Growth VCT plc. The total amount of each subscription received will be divided equally between the three VCTs. MIG4 VCT is therefore seeking to raise £7 million.
The Offer will close on 5 April 2012 in respect of the current tax year and on 30 June 2012 in respect of the 2012/13 tax year though it may be extended beyond this date at the Directors’ discretion.
The 2010/11 raised £16.2 million gross across the three VCTs, £5.4 million of which was raised for MIG4 VCT.
Copies of the full prospectus which comprises the Securities Note (including the application form), the more detailed Registration Document and the Summary Note may be downloaded by clicking on the following links.
Latest Performance Data as at 31 October 2011 (Unaudited)
| Date |
Net assets (£m) |
Net asset value (NAV) per share (p) |
Net cumulative dividends paid per share (p) |
NAV total return per share to shareholders since launch |
Share price (p)* |
|---|---|---|---|---|---|
| Funds raised 1999/2000 - opening NAV: 189.00p** |
|||||
| As at 31 October 2011 |
28.29 |
112.00 |
21.70 |
133.70 |
103.50 |
| Funds raised 2006/2007 - opening NAV: 116.34p |
|||||
| As at 31 October 2011 |
28.29 |
112.00 |
11.00 |
123.00 |
103.50 |
| Funds raised 2010 (top-up offer) - opening NAV: 106.34p |
|||||
| As at 31 October 2011 |
28.29 |
112.00 |
6.00 |
118.00 |
103.50 |
| Funds raised 2010/2011 (joint offer) |
|||||
| As at 31 October 2011 |
28.29 |
112.00 |
- |
112.00 |
103.50 |
| Fundraising |
Rate of income tax relief |
Cost per share net of income tax relief (p) |
NAV total return per share (p) |
Profit/(loss) per share before income tax relief (p) |
Profit/(loss) per share after income tax relief (p) |
|---|---|---|---|---|---|
| 1999/2000* |
20% |
160.00 |
134.60 |
(65.40) |
(25.40) |
| 2006/2007** |
30% |
84.63 |
123.90 |
3.00 |
39.27 |
| 2010 (Top-up Offer)*** |
30% |
78.68 |
118.90 |
6.50 |
40.22 |
| 2011 (Joint Offer)**** |
30% |
85.26 |
118.90 |
(2.90) |
33.64 |
* Original investment at 100p per ordinary share of 5p each, converted on a 2 for 1 basis to ordinary shares of 1p each in October 2006. Additional capital gains tax deferral relief of up to 40% available to qualifying shareholders.
** Based on average issue price of shares during fundraising period of 120.9p.
*** Based on an issue price of 112.4p.
****Joint Offer for Subscription with Matrix Income & Growth VCT and The Income & Growth VCT plc to raise up to £21 million in total. Covers shares issued up to 5 April 2011
For historic performance data, please click here.
Latest Dividends Paid
| Period ended |
Payment date |
Amount per share |
Cumulative dividends paid per share |
|
|---|---|---|---|---|
| 31 January 2011 |
24 June 2011 |
3.00p |
21.70p |
|
| 31 January 2011 |
5 November 2010 |
1.00p |
18.70p |
|
A full dividend history is available here.
Portfolio
Please click here to see the investee companies in the fund.
Boiler Room Scams - Shareholder warning
Boiler rooms are high pressure sales firms, often based overseas, that target investors illegally offering them non-tradable, overpriced or even non-existent shares. Alternatively, if you already own shares in a company, you may receive a call from someone offering to buy your shares, usually at a higher price than their market value. Please click here to read the FSA's advice on boiler room scams.
