Mobeus Income & Growth 4 VCT plc
Welcome to the webpage of Mobeus Income & Growth 4 VCT plc (formerly Matrix Income & Growth 4 VCT plc). The Company was originally established as a multi-manager VCT in the 1998/99 tax year.
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. The VCT has been solely managed by Mobeus Equity Partners since 2006.
Key facts
Date Launched
January 1999
Company Number
03707697
Investment Adviser
Mobeus Equity Partners LLP
Auditor
BDO LLP
Registered Office
30 Haymarket, London SW1Y 4EX
Directors
Jonathan Cartwright
Helen Sinclair
Graham Paterson
Chris Burke
Registrar
Link Asset Services
LSE Code
MIG4
Fund Performance
| Latest published valuation |
Net assets (£m) |
Net asset value (pence per share) |
Total dividends paid (pence per share) |
NAV cumulative total return (pence per share) |
|---|---|---|---|---|
| 30 Sep 2020 | 60.8 | 72.3 | 134.2 | 206.5 |
Please click on the options below to access further information on your fund's performance:
NOTE: All figures are adjusted from when a dividend has become ex-div in the period after which a NAV has been announced.
Reviewing the performance of your investment
Use the attached table to see how your investment has performed (including the dividends you have received) from the date on which your shares were allotted.
since launch
of current financial year
Dividends paid per share in respect of financial year
Dividend paid per share
Dividends paid per share in financial year
Dividend paid per share
| Payment Date | In respect of y/e | Type | Dividends paid per share (p) |
|---|---|---|---|
| 07 May 2020 | 31/12/2020 | Interim | 6.0 |
| 10 Jan 2020 | 31/12/2019 | Interim | 4.0 |
| 30 Dec 2019 | 31/12/2019 | Interim | 2.0 |
| 20 Sep 2019 | 31/12/2019 | Interim | 13.0 |
| 28 May 2019 | 31/12/2018 | Final | 4.0 |
| 19 Jun 2018 | 31/12/2018 | Interim | 4.0 |
| 21 Dec 2017 | 31/12/2017 | Interim | 3.0 |
| 11 Sep 2017 | 31/12/2017 | Interim | 18.0 |
| 17 Mar 2017 | 31/12/2016 | Interim | 7.0 |
| 08 Sep 2016 | 31/12/2016 | Interim | 2.0 |
| 25 May 2016 | 31/12/2015 | Final | 9.0 |
| 25 Sep 2015 | 31/12/2015 | Interim | 2.0 |
| 06 May 2015 | 31/12/2014 | Special | 8.0 |
| 12 Sep 2014 | 31/12/2014 | Interim | 14.0 |
| 16 May 2014 | 31/12/2013 | Final | 4.0 |
| 20 Sep 2013 | 31/12/2013 | Interim | 2.0 |
| 10 May 2013 | 31/12/2012 | Interim | 5.5 |
| 06 Jun 2012 | 31/12/2012 | Interim | 5.0 |
| 24 Jun 2011 | 31/12/2011 | Final | 3.0 |
| 05 Nov 2010 | 31/12/2011 | Interim | 1.0 |
| 09 Jun 2010 | 31/12/2010 | Final | 2.0 |
| 07 Nov 2009 | 31/12/2010 | Interim | 1.0 |
| 10 Jun 2009 | 31/12/2009 | Final | 1.0 |
| 07 Nov 2008 | 31/12/2009 | Interim | 1.0 |
| 11 Jun 2008 | 31/12/2008 | Final | 1.3 |
| 08 Nov 2007 | 31/12/2008 | Interim | 0.8 |
| 26 Oct 2006 | 31/12/2007 | Interim | 1.8 |
| 07 Jun 2006 | 31/12/2006 | Final | 0.5 |
| 08 Jun 2005 | 31/12/2005 | Final | 0.2 |
| 09 Jun 2004 | 31/12/2004 | Final | 0.5 |
| 29 May 2003 | 31/12/2003 | Final | 0.5 |
| 17 Jun 2002 | 31/12/2002 | Final | 1.0 |
| 16 Jul 2001 | 31/12/2001 | Final | 3.1 |
| 31 Jan 2000 | 31/12/2000 | Final | 3.1 |
| Total dividends paid since launch | 134.2 | ||
Restatement of dividends following capital reorganisation
Dividend payment amounts from inception up until 26 October 2006 have been re-stated following a capital reorganisation in October 2006.
Dividend Investment Scheme
The Scheme provides shareholders with the opportunity to reinvest their cash dividends into new shares in the VCT. New VCT shares attract the same tax reliefs as shares purchased through an Offer for Subscription. The Scheme was suspended on 14 August 2018.
Please note that the Company decided to recommence the Scheme effective from 2 June 2020.
As part of the Board’s consideration to recommence the Scheme, it carried out a review of the Scheme Rules and made certain amendments as set out below:
KEY CHANGE: to amend the price at which new shares will be issued under the Scheme to the latest published net asset value per existing share, as is the current market practice, rather than, as previously, at the higher of 70% of the net asset value per share or the mid-market price per share (which, in practice, resulted in shares being issued at an effective discount to net asset value per share of 10%). The other changes are largely procedural updates in nature.
Existing Participants (joined prior to 16 April 2020):
Existing participants of the Scheme will shortly be receiving notice of the proposed changes to the Scheme Rules, which will take effect on 2 June 2020 (this being the date of recommencement) and will apply to all dividends paid by the Company after that date.
Existing participants who wish to continue participating in the Scheme do not need to take any action.
If participants would like to withdraw from the Scheme they must give notice in writing to the Scheme Administrator (Corporate Actions Department, Link Asset Services, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU) in accordance with the provisions of the Scheme Rules.
New Participants (joined from 16 April 2020 onward):
Any new participants of the Scheme will be subject to the new Scheme Rules (see below).
Shareholders can elect to join the Scheme by sending their mandate forms (see below) by post to the Scheme Administrator -
Link Asset Services, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU
telephone: 0371 664 0324. Calls are charged at the standard geographic rate and will vary by provider. Calls from outside the United Kingdom are charged at the applicable international rate.
Lines are open 9.00 am – 5.30 pm Mon – Fri, excluding public holidays in England and Wales.
Rules and Documents:
The Scheme Rules for the Scheme and a mandate form can be downloaded via the links below:
New Scheme Rules - Applicable to all New Participants immediately, and for Existing Participants from 2 June 2020.
as at 30 Sep 2020*
per share since launch*
* adjusted for dividends paid since this date
Latest
| Period End | Net asset (£m) |
Net asset value per share (pence per share) |
Cumulative dividends paid per share (pence per share) |
Net asset value cumulative total return (pence per share) |
|---|---|---|---|---|
| 30 Sep 2020 | 60.8 | 72.3 | 134.2 | 206.5 |
Note: All figures are adjusted from when a dividend has become ex-div in the period after which a NAV has been announced.
NAV Cumulative Total Return
The following chart shows the net asset value cumulative total return at the end of the financial year (net asset value plus cumulative dividends paid since inception) expressed as pence per share.
Net asset value plus cumulative dividends paid per share (p)
* - Since launch defined as when Mobeus became sole Investment Adviser to the Company on 31 July 2006, at that date the NAV was 113.61 pence.
| Year End | Annual NAV cumulative total return% |
|---|---|
| 31 December 2019 | 10.7% |
| 31 December 2018 | 2.6% |
| 31 December 2017 | 6.5% |
| 31 December 2016 | 0.6% |
| 31 December 2015 | 8.2% |
