AGM Report

Maven Income & Growth VCT 5 (MIG5) AGM Report 2012

AGM Date: April 17, 2012

Report Author: Roger Lawson

The Annual General Meeting of Maven Income & Growth VCT 5 took place today at the Maven offices in London. This Venture Capital Trust (VCT) used to be called Bluehone AIM VCT but the board fired the fund manager and changed the investment policy after many years of under performance (as in most AIM VCTs). Under Maven Capital Partners as the new fund manager they are now focussed on private equity investments (details below) and have been getting rid of some of the legacy AIM investments – where they can as it is not always easy. For example, you only have to look at their portfolio of AIM stocks to see they hold companies such as MBL and Avia Health Informatics which have been very disappointing investments but which they

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