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Maven Income and Growth VCT ( (GB:MIG1) ) just unveiled an announcement.
Maven Income and Growth VCT PLC reported resilient performance for the first half of the financial year, despite a challenging economic backdrop. The company achieved a NAV total return of 147.82p per Ordinary Share and increased its interim dividend to 1.50p per share. A significant development was the realization of Horizon Ceremonies, generating an initial return of 2.1x cost and over £1.8 million in cash. The company also launched a new fund-raising initiative and added two new private companies to its portfolio, reflecting its strategy to maintain a steady rate of investment and support growth in shareholder value.
More about Maven Income and Growth VCT
Maven Income and Growth VCT PLC operates in the private equity industry, focusing on investing in high-growth sectors such as cyber security, data analytics, regtech, specialty software, and training. The company targets entrepreneurial companies with strong management teams, aiming to support long-term growth in shareholder value through investments in disruptive or high-growth sectors.
Average Trading Volume: 29,699
Technical Sentiment Signal: Buy
For an in-depth examination of MIG1 stock, go to TipRanks’ Overview page.