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M&G Credit Income Investment Trust

The M&G Credit Income Investment Trust PLC aims to generate a regular and attractive level of income with low asset value volatility by investing in a diversified portfolio of public and private debt and debtlike instruments, of which at least 70% will be investment grade.

Over the longer term, it is expected that the company will be mainly invested in private debt instruments, which are those instruments not traded on a stock exchange. The company initially proposed quarterly dividends at an annual rate of LIBOR + 3% on NAV per calendar year with a variable, fourth interim dividend to be determined after each year end, and is targeting LIBOR plus 4% over the longer term.

LSE:MGCI

Price

90.40 GBX

Day Change

-2.06%

Market Cap:

£127.39 m

52 weeks high

98.00

52 weeks low

83.40