M&G Credit Income Investment Trust to Publish Circular for Share Issuance

M&G Credit Income Investment Trust plc (MGCI) has announced the publication of a circular detailing plans to issue up to 150 million Ordinary Shares. This issuance will be conducted on a non-pre-emptive basis, facilitated by a Share Issuance Programme and a future WRAP Retail Offer. A general meeting is set to seek shareholder approval for these proposals.

The Zero Discount Policy, initiated on 30 April 2021, aims to maintain share prices close to Net Asset Value (NAV). With shares trading at a premium to NAV, MGCI has been issuing new shares, totaling approximately 36 million in the past year. This continued demand prompts the need for a Prospectus, expected on 29 July 2025, enabling further share issuance.

Emphasizing advantages, MGCI outlines enhanced liquidity, increased net assets, and improved market presence as benefits. A general meeting on 28 July will finalize these initiatives.