Mobeus Income & Growth 2 VCT plc

Welcome to the webpage of Mobeus Income & Growth 2 VCT plc (formerly Matrix Income & Growth 2 VCT plc).  The Company was launched in the 2000/2001 tax year and raised £12.4 million, net of issue costs.

 

In the 2005/2006 tax year, the Company changed its name and investment strategy and launched a new C share issue that raised £8.6 million, net of issue costs and in 2008/2009 raised a further £7.3 million net of issue costs.

The former Ordinary and C Share Funds of the Company were merged on 10 September 2010. Former 'Ordinary' Fund Shareholders should refer to the most recent Half-yearly or Annual Reports on this website, to obtain performance data for their particular investment.

 

From 4 December 2023, the Mobeus VCTs changed registrar to The City Partnership (UK) Limited. Their contact details can be found under Directors & Advisors.

 

Mobeus Income & Growth VCT plc Mobeus Income & Growth 2 VCT plc Live Share Price Dividends Fund's Top 10 Investments Directors & Advisers

Fund's Board of Directors and advisers, including the Investment Adviser and the Registrar

Key Shareholder Information

Company's Annual and Half-Year Reports, AGM Notices, Key Information documents

Corporate Governance

Corporate Governance, Compliance with AIC Code, Terms of reference and Policies

Mobeus Income & Growth 4 VCT plc The Income & Growth VCT plc
Contact us

Key facts

Date Launched

May 2000

Company Number

03946235

Investment Adviser

Gresham House Asset Management Limited

Auditor

BDO LLP

Registered Office

5 New Street Square, London EC4A 3TW

Directors

Ian Blackburn

Sally Duckworth

Sarah Clark

Registrar

City Partnership LLP

LSE Code

MIG

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 2023 72.5 68.3 153.0 221.3

DIVIDEND DECLARED: A 6.00 pence per share dividend was declared in respect of the year ending 31 March 2024. This dividend was paid on 8 November 2023 to Shareholders on the Register on 22 September 2023.

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.

Go to London Stock Exchange for Live Share Price and Regulatory News
Cumulative dividends paid
since launch
153.0
(p)
Dividends paid in respect
of current financial year
6.0
(p)
In respect of financial year
Paid in 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
Show Detailed Payment History
Payment Date In respect of y/e Type Dividends paid per
share (p)
08 Nov 2023 31/03/2024 Interim 6.0
30 Mar 2023 31/03/2023 Interim 7.0
07 Nov 2022 31/03/2023 Interim 6.0
07 Jan 2022 31/03/2022 Interim 12.0
30 Jul 2021 31/03/2021 Interim 6.0
19 Jun 2020 31/03/2021 Interim 7.0
27 Mar 2020 31/03/2020 Interim 11.0
20 Sep 2019 31/03/2020 Interim 15.0
23 Mar 2019 31/03/2019 Interim 5.0
22 Jan 2018 31/03/2018 Interim 9.0
27 Jul 2017 31/03/2018 Interim 7.0
31 Mar 2017 31/03/2017 Interim 10.0
08 Aug 2016 31/03/2017 Interim 5.0
18 Mar 2016 31/03/2016 Interim 5.0
20 Mar 2015 31/03/2015 Interim 5.0
20 Oct 2014 31/03/2015 Interim 14.0
21 Mar 2014 31/03/2014 Interim 4.9
21 Mar 2014 31/03/2013 Interim 0.1
19 Apr 2013 31/03/2013 Interim 4.0
20 Apr 2012 31/03/2012 Interim 4.0
20 Apr 2011 31/03/2011 Interim 4.0
13 Aug 2010 31/03/2010 Interim 1.0
19 Sep 2009 31/03/2009 Final 1.0
23 Jul 2008 31/03/2008 Interim 2.5
19 Sep 2007 31/03/2007 Final 1.5
Total dividends paid since launch 153.0

There is no Dividend Investment Scheme for this Company at present.

Net asset value per share
as at 30 Sep 2023*
68.3
(p)
Net asset value cumulative total return
per share since launch*
221.3
(p)

* 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 2023 72.5 68.3 153.0 221.3

Note: All figures are adjusted from when a dividend has become ex-div in the period after which a NAV has been announced.

Show current and historical data at year end
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)
31 Mar 2023 70.4 71.5 147.0 218.5
31 Mar 2022 77.5 96.4 134.0 230.4
31 Mar 2021 73.9 100.9 116.0 216.9
31 Mar 2020 43.6 73.0 109.0 182.0
31 Mar 2019 48.7 99.6 83.0 182.6
31 Mar 2018 47.6 96.5 78.0 174.5
31 Mar 2017 38.1 106.7 62.0 168.7
31 Mar 2016 43.1 119.6 47.0 166.6
31 Mar 2015 42.1 115.5 42.0 157.5
31 Mar 2014 33.7 120.7 23.0 143.7

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)
NAV Cumulative total return over five years to 31 Mar 2022 %
59.1
(%)
NAV Cumulative Total Return since launch* to 31 Mar 2022 %
117.5
(%)

* - Since launch of the current share class which was created in 2005/06 at an issue price of 94.5 pence (being 100 pence less 4.5 pence issue costs).

Year End Annual NAV cumulative total return%
31 March 2022 13.3%
31 March 2021 47.8%
31 March 2020 (0.6)%
31 March 2019 8.4%
31 March 2018 5.5%

Objective

The Objective of the Company is to provide investors with a regular income stream, arising both from the income generated by companies selected for the portfolio and from realising any growth in capital, while continuing at all times to qualify as a VCT.

Investment Policy

The investment policy is designed to meet the Company’s objective:

Investments

The Company invests primarily in a diverse portfolio of UK unquoted companies. Investments are made selectively across a number of sectors, principally in established companies. Investments are usually structured as part loan stock and part equity in order to produce a regular income stream and to generate capital gains from realisations.

There are a number of conditions within the VCT legislation which need to be met by the Company and which may change from time to time. The Company will seek to make investments in accordance with the requirements of prevailing VCT legislation.

Asset allocation and risk diversification policies, including the size and type of investments the Company makes, are determined in part by the requirements of prevailing VCT legislation. No single investment may represent more than 15% (by VCT tax value) of the Company’s total investments at the date of investment.

Liquidity

The Company’s cash and liquid funds are held in a portfolio of readily realisable interest bearing investments, deposit and current accounts, of varying maturities, subject to the overriding criterion that the risk of loss of capital be minimised.

Borrowing

The Company’s articles of association permit borrowings of amounts up to 10% of the adjusted capital and reserves (as defined therein). However, the Company has never borrowed and the Board would only consider doing so in exceptional circumstances.

Marketing of shares to retail investors

We confirm that the shares of Mobeus Income & Growth 2 VCT plc are currently ‘excluded securities’ in accordance with guidance issued by the Financial Conduct Authority and can therefore be recommended to retail investors by financial advisers.

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