M&G Credit Income Investment Trust Raises £6.3 Million

M&G Credit Income Investment Trust plc has successfully completed its latest fundraising efforts, raising £6.3 million. This includes a placing and a WRAP retail offer at an issue price of 95.13 pence per share, representing a 1.0% premium to the net asset value per ordinary share.

The company will issue 6,647,969 new ordinary shares, with 4,384,509 from the placing and 2,263,460 via the WRAP retail offer. Applications have been made for these shares to be admitted to the trading on the London Stock Exchange's main market and the Financial Conduct Authority's closed-ended investment funds category, expected to commence on March 25, 2025.

The new shares will provide the right to receive dividends and will rank equally with current shares. This successful fundraising indicates market confidence in the trust's financial strategies and objectives.