MIXT Matrix I&G3

 
TIDMMIXT 
 
Matrix Income & Growth 3 VCT plc (the Company) 
 
                         INTERIM MANAGEMENT STATEMENT 
 
                      For the quarter ended 31 March 2010 
 
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK 
Listing Authority, Matrix Income & Growth VCT plc presents an Interim 
Management Statement for the quarter ended 31 March 2010. The statement also 
includes relevant financial information between the end of the period and the 
date of this statement. 
 
NET ASSET VALUE AND TOTAL RETURN PER SHARE 
 
                                         At 31 March 2010   At 31 December 2009 
 
Net assets attributable to                    GBP17,977,312           GBP17,478,122 
shareholders 
 
Shares in issue                                19,306,507            19,410,502 
 
Net asset value per Ordinary                       93.1 p                90.0 p 
Share 
 
Cumulative dividends paid                           5.6 p                 5.6 p 
 
Total net asset value return per                   98.7 p                95.6 p 
share since inception 
 
% return on opening net asset                       4.4 %                  1.2% 
value of 94.5 pence per share 
 
CUMULATIVE DIVIDENDS 
 
An interim dividend of 4 pence per share in respect of the year ended 31 
December 2009 was declared by the Board on 16 March 2010 and paid to 
Shareholders on 21 April 2010 after the quarter-end bringing cumulative 
dividends paid per share to 9.6 pence per share. This has no impact on total 
net asset value return per share shown above. 
 
NEW INVESTMENTS AND DIVESTMENTS 
 
The Company has made no new investments or divestments during the quarter. 
 
Recommended proposals for the merger of the Company with Matrix Income & Growth 
VCT plc 
 
At Extraordinary General Meetings held on 12 May 2010 the resolutions proposed 
in connection with the proposed merger of the Company with Matrix Income & 
Growth VCT plc ("MIG VCT") as set out in separate circulars to shareholders 
dated 14 April 2010 were approved by shareholders of both companies. The merger 
is to be completed by way of a scheme of reconstruction of the Company pursuant 
to Section 110 of the Insolvency Act 1986 and the transfer by the Company of 
all its assets and liabilities to MIG VCT. The effective date of the merger is 
anticipated to be 20 May 2010 subject to the passing of a resolution to be put 
to shareholders at a second EGM to be held on 20 May 2010 for the Company to be 
put into liquidation. 
 
SHARE BUY-BACKS 
 
The Company bought back 103,995 of its own Ordinary Shares at a price of 59.1 
pence during the quarter ended 31 March 2010 and has not made any buy-backs 
since the end of the quarter. 
 
For further information, please contact: 
 
Sarah Penfold, for Matrix-Securities Limited, Company Secretary: 020 3206 7000. 
 
 
 
END 
 

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