IN BRIEF: Maven Income and Growth VCT 3 NAV per share declines

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Maven Income and Growth VCT 3 PLC - venture capital trust - Net asset value per share drops to 48.42 pence at May 31 from 51.44p a year prior. Describes performance as ‘resilient’. ‘During the period under review, the macroeconomic outlook has been dominated by ongoing geopolitical tensions, whilst domestic growth prospects have remained subdued as the full extent of the Autumn 2024 Budget filters through the economy. Against this backdrop, your company has delivered a resilient performance, which helps to demonstrate the strength of the investment strategy and its ability to support long term growth in shareholder value,’ it says. Declares dividend of 2.00p per share, reflecting a decision to enhance the payout to 6% from 5% of NAV per share.

Current stock price: 46.00 pence, unchanged in London on Wednesday

12-month change: down 4.2%

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