M&G Credit Income Investment Trust Launches WRAP Retail Offer

M&G Credit Income Investment Trust plc introduces a retail offering of new ordinary shares via the Winterflood Retail Access Platform (WRAP). This initiative parallels the company's share placing effort announced earlier, with shares priced at a 1% premium to the last published cum-income NAV per share.

The WRAP Retail Offer, exclusive to eligible UK investors, begins immediately, with applications due by March 20, 2025. Shares are set for trading on the London Stock Exchange from March 25, 2025.

Eligible investors can participate through financial intermediaries, with a minimum subscription of GBP 100. New shares will be fully paid and entitled to dividends declared post-issue.

Restricted to a maximum of EUR 4 million in total value, the Offer involves no stamp duty for new shares and aligns with the company's investment policy. It adheres to UK regulatory exemptions, avoiding the publication stress of a new prospectus.