The Income & Growth VCT plc
Formerly TriVest VCT plc
Enquiries 020 3206 7099
On 1 April 2008 Matrix Private Equity Partners LLP (MPEP) took over the sole mandate for managing the VCT's investments. The move reflects the VCT's increased focus on Management Buy Outs and its move away from technology investments.
The 'O' and 'S' classes of the Company were merged on 29 March 2010.
Investment Objective
To provide investors with an attractive return, by maximising the stream of dividend distributions from the income and capital gains generated by a diverse and carefully selected portfolio of investments.
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 £120 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 Matrix Income & Growth 4 VCT plc. The total amount of each subscription received will be divided equally between the three VCTs. I&G 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 I&G 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.
Merger of the share classes of the Company
The 'O' and 'S' classes of the Company were merged on 29 March 2010. The ratio used for the conversion of former ‘O’ Shares into new ordinary shares was approximately 0.7578. Former 'S' Shares were converted into ordinary shares on a 1 for 1 basis. Shareholders were issued with new share certificates on 5 April 2010.
For further information on the merger and the specific proposals put to Shareholders, please click here to download a PDF of the Circular.
Latest Performance Data
| 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 2000/01 (former 'O' Share Fund) - opening NAV: 71.61p** |
|||||
| As at 31 December 2011 |
- |
94.4 |
25.5 |
119.9 |
-*** |
| Funds raised 2007/08 (former 'S' Share Fund) - opening NAV: 94.50p |
|||||
| As at 31 December 2011 |
50.7 |
124.5 |
4.5 |
129.0 |
87.5 |
| 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) |
|---|---|---|---|---|---|
| Funds raised 2000/01 (former 'O' Share Fund) |
20% |
80.00 |
119.9 |
19.9 |
39.9 |
| Funds raised 2007/08 (former 'S' Share Fund) |
30% |
70.00 |
129.0 |
29.0 |
49.0 |
Latest Dividends Paid
| Period ended |
Payment date |
Amount per share |
Cumulative dividends paid per share |
|
|---|---|---|---|---|
| 30 September 2012 (interim) |
27 January 2012 |
20.00p |
24.50p |
|
| 30 September 2011 |
15 February 2012 |
4.00p |
28.50p |
|
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.
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