M&G Credit Income Investment Trust Convenes General Meeting

M&G Credit Income Investment Trust plc announces the publication of a circular detailing a General Meeting to discuss the issuance of up to 31,002,226 new Ordinary Shares. This move seeks shareholder approval, representing 20% of the issued Ordinary Share capital.

The need for this meeting arises from high investor demand, with the company having already issued over 9.6 million Ordinary Shares and raising £9.3 million since the 2024 AGM. The new shares aim to meet ongoing demand in accordance with the “zero discount” policy, ensuring shares trade close to their net asset value.

The Board proposes issuing new shares without statutory pre-emption rights to satisfy this demand, which has been notably strong from a diverse investor base. These shares will be issued at a price above the prevailing NAV to cover issuance costs.

The General Meeting is scheduled for February 27, 2025, at M&G Alternatives Investment Management Limited's office in London. Shareholders are encouraged to attend and vote on the resolutions presented in the circular.