M&G Credit Income Investment Trust plc (MGCI) has announced the issue of 250,000 new ordinary shares on 13 November 2026, priced at 90.30 pence per share under its existing block listing facility. The shares were issued for cash to meet ongoing investor demand for the trust's ordinary shares. Following the transaction, total shares in issue now stand at 213,916,321, with no shares held in treasury.

Key Points

  • M&G Credit Income Investment Trust plc (MGCI)
  • 250,000 new ordinary shares issued on 13 November 2026 at 90.30 pence per share under the company's block listing
  • Total shares in issue and total voting rights now stand at 213,916,321 following the issue
  • Investors should watch whether further issuances occur under the block listing as ongoing demand continues

MGCI Issues 250,000 Shares at 90.30p to Meet Ongoing Market Demand

M&G Credit Income Investment Trust plc confirmed that on 13 November 2026 it issued 250,000 ordinary shares of one penny each at a price of 90.30 pence per ordinary share. The issuance was made under the company's existing block listing facility and conducted for cash consideration. The company stated the purpose of the issue was to meet ongoing demand for its existing ordinary shares, suggesting continued investor appetite for the trust's credit-focused investment strategy in the current fixed income environment.

New Shares Rank Pari Passu and No Treasury Shares Held by MGCI

The newly issued shares will be credited as fully paid and rank pari passu with all existing ordinary shares in issue, meaning they carry the same rights and entitlements. The announcement confirms there are no ordinary shares currently held in treasury by the company. This means the total number of ordinary shares in issue and total voting rights are both equal at 213,916,321, providing shareholders with a clear and unambiguous denominator for use in regulatory interest calculations under FCA Disclosure Guidance and Transparency Rules.

FCA Transparency Rules: Denominator Figure for Shareholder Notifications

The announcement explicitly states that the figure of 213,916,321 ordinary shares may be used by shareholders as the denominator when determining whether they are required to notify an interest, or a change in interest, under the FCA's Disclosure Guidance and Transparency Rules. This is a standard but important disclosure for investment trusts following equity issuances, ensuring all existing and prospective shareholders can accurately assess their proportional holdings and any associated notification obligations arising from the updated share capital figure.

About M&G Credit Income Investment Trust and Its Investment Focus

M&G Credit Income Investment Trust is a closed-ended investment company focused on credit income strategies, managed within the M&G Investments platform. The trust targets income generation through investment in a diversified portfolio of credit assets. Investors may be watching further block listing issuances as a signal of sustained demand. The company secretary is MUFG Corporate Governance Limited, and Winterflood Investment Trusts acts as a key market contact for the trust.