REG-M&G Credit Income Investment Trust plc Publication of a Prospectus

M&G Credit Income Investment TrustAnnouncement

29/07/2025 14:30

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   M&G Credit Income Investment Trust plc (MGCI)
   Publication of a Prospectus

   29-Jul-2025 / 14:20 GMT/BST

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   THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT FOR RELEASE,
   PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN  PART,
   IN, INTO OR FROM, THE UNITED STATES OF AMERICA (INCLUDING ITS  TERRITORIES
   AND POSSESSIONS,  ANY STATE  OF  THE UNITED  STATES  AND THE  DISTRICT  OF
   COLUMBIA), AUSTRALIA, CANADA,  JAPAN, NEW ZEALAND,  THE REPUBLIC OF  SOUTH
   AFRICA, IN ANY MEMBER  STATE OF THE  EEA OR IN  ANY OTHER JURISDICTION  IN
   WHICH THE SAME WOULD BE UNLAWFUL.

   This announcement is not an offer to  sell, or a solicitation of an  offer
   to acquire, securities in the United  States or in any other  jurisdiction
   in which the  same would be  unlawful. Neither this  announcement nor  any
   part of it shall form the basis of  or be relied on in connection with  or
   act as an inducement to enter into any contract or commitment whatsoever.

   Legal Entity Identifier: 549300E9W63X1E5A3N24

    

    

    

   29 July 2025

    

    

    

                     M&G Credit Income Investment Trust plc

                                        

                          Publication of a Prospectus

    

   On 28 July 2025 the Board of  M&G Credit Income Investment Trust plc  (the
   “Company” or “MGCI”) announced that shareholders had provided the  Company
   with  authority  to  issue  up  to  150  million  Ordinary  Shares  on   a
   non-pre-emptive basis by  way of  a share issuance  programme (the  "Share
   Issuance Programme")  and any  future  WRAP Retail  Offer.  The  Board  is
   pleased to announce that it has today published a prospectus in connection
   with the Share Issuance Programme (the "Prospectus").

    

   The Company has a  Zero Discount Policy, which  is intended to manage  the
   share price  discount or  premium to  NAV per  Ordinary Share  to seek  to
   ensure that the Company's  Ordinary Shares should trade  close to NAV  per
   Ordinary Share in normal  market conditions. The  Board believes that  the
   Share Issuance Programme has the following benefits for Shareholders:

     • the ability to continue  to manage the premium  to the prevailing  Net
       Asset Value per Ordinary Share at which the Ordinary Shares may  trade
       through the issue  of new  Ordinary Shares,  thus enabling  compliance
       with the Company's Zero Discount Policy;
     • improved secondary  market  liquidity  for  Shareholders,  making  the
       Ordinary Shares more attractive to a wider range of investors;
     • the  enlargement  of  the  Company's  net  assets,  resulting  in  the
       spreading of  fixed costs  over a  larger capital  base, which  should
       marginally reduce the level of ongoing charges per Ordinary Share; and
     • greater scale, which  should continue  to enhance the  profile of  the
       Company and broaden the Shareholder base.

   The Board is satisfied that the Investment Manager will be able to  deploy
   any additional capital raised pursuant to the Share Issuance Programme  in
   accordance with the Company's Investment Policy.

   All Ordinary Shares issued pursuant  to the Share Issuance Programme  will
   be issued  at  a minimum  issue  price equal  to  the prevailing  NAV  per
   Ordinary Share  at the  time of  the relevant  allotment together  with  a
   premium intended to cover the costs  of that issuance and also  contribute
   to the costs of publishing the  Prospectus in order to initiate the  Share
   Issuance Programme.

   The Prospectus will shortly  be available for  inspection at the  National
   Storage        Mechanism        which         is        located         at
    1 https://data.fca.org.uk/#/nsm/nationalstoragemechanism   and   on   the
   Company's website at  2 http://www.mandg.com/creditincomeinvestmenttrust.

    

   Capitalised terms used but not defined in this announcement will have  the
   same meaning as set out in the Prospectus.

    

   For further information please contact:

    

   M&G Credit Income Investment Trust plc
                                                         +44 333 300 1932
   MUFG Corporate Governance Limited (Company Secretary)
                                                          
     Winterflood Securities Limited                      +44 (0)20 3100 0000
   Neil Morgan
                                                                            
   Darren Willis

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BFYYL325, GB00BFYYT831
   Category Code:  PDI
   TIDM:           MGCI
   LEI Code:       549300E9W63X1E5A3N24
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   397309
   EQS News ID:    2176228


    
   End of Announcement EQS News Service

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References

   Visible links
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   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=fd673137e860b37996a1d2c645ff6ee4&application_id=2176228&site_id=reuters~~~6aa99418-46f7-48b9-89fd-959a8d2e4912&application_name=news


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