Mobeus Income & Growth 2 VCT PLC (LON:MIG)

Financial

Mobeus Income & Growth 2 VCT plc, previously known as Matrix Income & Growth 2 VCT plc, is a UK-based venture capital trust, which mainly invests in unquoted established companies. It was founded in the year 2000, and its headquarters are situated in London, United Kingdom. The company is listed and traded on the London Stock Exchange publicly. Mobeus Equity Partners LLP is its investment advisor and has been managing the venture capital trust since 2000. The investment objective of the company is to create a diversified portfolio of high-quality assets which helps in maximising the returns for all its shareholders, while continuing to be a venture capital trust. The returns are to be delivered in the form of a regular stream of income which is generated by the companies included in the portfolio, as well as from realising growth and appreciation in capital.

The investment policy of the company is designed in line with the objective of the company. Primarily, the company invests in unquoted companies in the United Kingdom. These investments are made across a wide range of sectors, mainly in the established companies. The sectors include business services, financial services, construction, manufacturing, and consumer etc. To promote capital gains from realisations, the investments are generally put together in a combination, where one part is equity, and another is loan stock. This helps in generating a consistent and regular source of income stream.

The VCT legislations may change from time to time, and the company should make all investments in accordance with the prevailing legislations. All the conditions and requirements of the legislations must be met by the company. The VCT legislations also partly determine the risk diversification and asset allocation policies, which includes the type as well as the size of investments made by the company. At the date of investment, no individual investment should account for greater than 15% (by VCT tax value) of the total investment portfolio of the company. The cash and other liquid funds of the company are kept in a portfolio which consists of interest-bearing investments that can be realised easily, current and deposit accounts of varying maturities, liable to the overriding criterion, which states that there should be minimization of the risk associated with loss of capital. Although the company has never had the need to borrow, and would consider it only under unexpected circumstances, borrowings are allowed by the company under its articles of association, with an upper limit of 10% of the defined adjusted capital and reserves. 

Mobeus Income & Growth 2 VCT plc follows a well-defined framework of corporate governance and aligns itself with the Association of Investment Companies Code of Corporate Governance (AIC Code). It has an ethical code of conduct for running its business activities. It promotes the culture of trust, transparency and accountability while upholding its business values. It is committed to its ESG framework and is also a signatory of the United Nations Principles for Responsible Investment (UNPRI). It fulfils all its responsibilities as a good corporate citizen and tries to create a positive impact on the society while generating value for the shareholders of the company.

Contact Information

company address 30 Haymarket, London, SW1Y 4EX, United Kingdom

company phone+44.20.70247600

company websitehttps://www.mobeus.co.uk/investor-area/vct-investors/mobeus-income-growth-2-vct-plc

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