Maven Income & Growth VCT 5 PLC - London-based investment firm - Reports net asset value per share as at May 31 of 37.98pence, down from 38.54p on the same date a year ago, after dividend payments totalling 1.00p per share in May 2022.
Declares interim dividend of 3.00p versus 0.60p a year ago.
NAV total return grows to 84.63p per share from 83.09p a year ago. Explains growing NAV total return and falling NAV with share buybacks, stating that it bought back 1.2 million shares worth £427,000 during its first financial half-year of 2022.
‘During the reporting period, the impact of the pandemic has gradually receded, enabling most global economies to re-open, with activity initially recovering in response to pent-up demand. However, the invasion of Ukraine has had a destabilising impact on economic growth, with financial markets and commodity prices expected to remain volatile. Furthermore, as global prices, particularly energy costs, continue to rise, high inflation is likely to remain a persistent feature and the impact of the cost-of-living crisis is still to take full effect,’ firm says.
Current stock price: 37.00 pence, up 2.8% on Monday
12-month change: up 2.8%
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