AGM Report

Maven Income & Growth VCT 4 Plc (MAV4) AGM 2015

AGM Date: April 30, 2015

Report Author: Alex Lawson

Yesterday I attended the Annual General Meeting of Maven Income & Growth VCT 4 at the Maven offices in Central London. The VCT has steadily been moving away after years of underperformance from investing in AIM companies (the failed strategy of the old fund manager) to investing in private companies. The level of AIM stocks held is now a modest 1.6% of the asset base. Maven VCT4 also merged with Ortus VCT in 2013. The yield based on year end share price was 5.7%, but the NAV total return was a more pedestrian 2.6% increase from 2013, nothing to write home about. As well as me, 3 other investors attended the meeting, which was chaired by Ian Cormack. The chairman first introduced the other two board members present, and then

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