M&G Credit Income Investment Trust Announces New Share Placing

M&G Credit Income Investment Trust plc has unveiled plans for a share placing and retail offer via the Winterflood Retail Access Platform. This move follows strong demand for the company's ordinary shares, with 12.7 million shares issued or sold from treasury over the past year. The new shares will be priced at a 1.0% premium to the latest published cum-income NAV per share before the placing's closure.

Net proceeds from the share offer will support the company's investment strategy. Winterflood Securities Limited will assist as the placing agent, with the effort unbacked by underwriting. A separate announcement will detail the retail offer's framework.

The company aims to distribute proceeds in line with its established policy, with shareholders having approved the issuance of up to 31,002,226 new shares.