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MIG VCT

Matrix Income & Growth VCT plc

Enquiries 020 3206 7099

Welcome to the webpage of Matrix Income & Growth VCT plc. The Company was launched in the 2004/2005 tax year and raised £20.9 million, net of issue costs.

Investment Objective

To provide investors with an income stream, by way of tax free dividends and to generate capital growth which, following portfolio realisations, can be distributed by way of additional tax free dividends.

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.

Merger of the Company with Matrix Income & Growth 3 VCT plc

The Company merged with Matrix Income & Growth 3 VCT plc (MIG 3 VCT) on 20 May 2010 following the approval of the merger of the two Companies by Shareholders at an Extraordinary General Meeting held on 12 May 2010.

As part of the merger process MIG3 VCT was placed in members’ voluntary liquidation and its assets and liabilities were transferred to the Company.  This was in consideration for the issue of new ordinary shares of 1 pence each in the capital of the Company at a deemed issue price of 83.89934982p per share.  

For further information on the merger and the specific proposals approved by Shareholders on 12 May 2010, please click here to download a PDF of the Company's circular and please click here to download a PDF of the Prospectus.

For historical data on MIG 3 VCT please click here to go to the MIG 3 VCT webpage.

Dividends

Period Ended

Payment Date

Amount per Share

31 December 2005 (interim)

27 September 2005

0.30p

31 December 2005

16 May 2006

0.70p

31 December 2006 (interim)

14 September 2006

0.80p

31 December 2006

18 May 2007

1.40p

31 December 2007 (interim)

20 September 2007

1.00p

31 December 2007

21 May 2008

7.80p

31 December 2008 (interim)

11 September 2008

3.30p

31 December 2008

15 May 2009

1.00p

31 December 2009 (interim)

21 April 2010

5.00p

Total Paid to Date

  

21.30p

Net Asset Value

 

31 Dec 07
(audited)

30 Sep 07

30 Jun 07

31 Mar 07

NAV

116.89p

111.75p

107.29p

102.54p
 

31 Dec 08

30 Sep 08

30 Jun 08

31 Mar 08

NAV

86.05p

90.64p

100.01p

112.56p
 

31 Dec 09

30 Sep 09

30 Jun 09

31 Mar 09

NAV

83.34 p

80.16p

81.06p

85.97p

 

31 Dec 10

30 Sep 10

30 Jun 10

31 Mar 10

NAV

    

86.25p

88.54p

Portfolio

Please click here to see the investee companies in the fund.

Corporate Governance

The Board recognises the importance of sound corporate governance. It endorses and has adopted the main principles of good corporate governance set out in the Association of Investment Companies Code of Corporate Governance (“the AIC Code”) which addresses all the principles set out in section 1 of the Combined Code, as well as setting out additional principles and recommendations on issues that are of specific relevance to the Company. The Financial Reporting Council (FRC) has confirmed that in complying with the AIC Code the Company will meet its obligations in relation to the Combined Code and paragraph 9.8.6 of the Listing Rules.

Terms of Reference

Company Details

Registered in England Number 5153931
Registered Office:
One Vine Street, London W1J 0AH
Tel: 020 3206 7000  Fax: 020 3206 7012

E-mail: mig@matrixgroup.co.uk    

Investment Manager
Matrix Private Equity Partners LLP
One Vine Street, London W1J 0AH
Tel: 020 3206 7266  Fax: 020 3206 7012

E-mail: info@matrixpep.co.uk    

Company Secretary
VCT Company Secretarial Services
Matrix Private Equity Partners LLP
One Vine Street
London
W1J 0AH
Tel: 020 3206 7099
email: mig@matrixgroup.co.uk      

Registrar
Computershare Investor Services PLC
PO Box 82, The Pavilions
Bridgwater Road
Bristol BS99 7NH
Tel: 0870 702 0010
www-uk.computershare.com