DJ Proposed Placing and WRAP Retail Offer
M&G Credit Income Investment Trust plc (MGCI)
Proposed Placing and WRAP Retail Offer
18-Sep-2026 / 07:00 GMT/BST
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR WITHIN THE UNITED
STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER
JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE
LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
18 September 2026
M&G Credit Income Investment Trust plc
Proposed Placing and WRAP Retail Offer
The Board of M&G Credit Income Investment Trust plc (the "Company") is pleased to announce a placing (the "Placing")
and retail offer of ordinary shares in the Company ("Ordinary Shares") (the "Fundraising"). The retail offer will be
undertaken via the Winterflood Retail Access Platform ("WRAP") (the "WRAP Retail Offer").
Background
The Company has continued to see strong demand for its Ordinary Shares in the market and in response to this, and
through application of the Board's zero discount policy, the Company has issued or sold from treasury 18,425,000
Ordinary Shares in the last 12 months.
The Company offers a compelling investment opportunity for investors seeking attractive long-term yield with low NAV
volatility through a high-quality, diversified portfolio of public and private credit investments. The strategy has a
strong track record of delivering reliable income and resilient performance across market cycles. Combining the very
best of M&G's heritage and scale in credit investing with nearly three decades of private credit experience, attractive
fixed income expertise and one of the largest credit research teams in Europe, the Investment Manager is uniquely
positioned to capture opportunities across the full breadth of credit markets.
The Fundraising
In light of the ongoing demand in the market for Ordinary Shares the Board has decided to undertake the Fundraising.
Any new Ordinary Shares issued pursuant to the Fundraising will be issued at a price equal to a 1.5% premium to the
last published cum-income net asset value per Ordinary Share prior to the closing of the Fundraising (the "Issue Price
"). The Issue Price is expected to be announced on 16 October 2026. The new Ordinary Shares will not be subject to
stamp duty.
The net proceeds of the Fundraising will be invested in accordance with the Company's investment policy.
Marex Financial ("Marex"), acting through its division Winterflood, is acting as placing agent to the Company in
relation to the Placing. The Placing is not being underwritten.
In order to allow qualifying retail investors to participate in the Fundraising, the Company is undertaking the WRAP
Retail Offer, which is being made under an exception from the prohibition on offers to the public pursuant to Schedule
1 (Part 1) of The Public Offers and Admissions to Trading Regulations 2024 ("POATRs") and under an exemption from the
requirement to publish a prospectus under the FCA Handbook PRM Admission to Trading on a Regulated Market sourcebook.
The WRAP Retail Offer is expected to run alongside the Placing. A separate announcement will be released shortly
detailing the WRAP Retail Offer.
Any new Ordinary Shares issued in connection with the Fundraising will be issued pursuant to the authority granted by
the Company's shareholders at the Company's annual general meeting held on 20 May 2026. The Fundraising may be subject
to scaling back at the sole discretion of the Board, in consultation with Marex.
The new Ordinary Shares will, when issued, be credited as fully paid, and have the right to receive all dividends and
other distributions declared, if any, by reference to a record date after the date of their issue and in all other
respects will rank pari passu with the existing Ordinary Shares.
An application will be made to the London Stock Exchange plc (the "LSE") for admission to trading of the new Ordinary
Shares on its Main Market for listed securities ("Admission").
Further information on the Company can be found at the Company's website: https://www.mandg.com/investments/
private-investor/en-gb/funds/mg-credit-income-investment-trust-plc/gb00bfyyl325.
Timetable
The expected timetable for the Fundraising is as follows:
2026
Fundraising opens 07:00 on 18 September
Issue Price announced 16 October
Fundraising closes 14:00 on 20 October
Results of Fundraising announced 21 October
Admission of new Ordinary Shares 08.00 on 23 October
Availability of the Placing
Participation in the Placing will only be available to persons in the United Kingdom who are qualified investors as defined in paragraph 15 of Schedule 1 to the POATRs ("UK Qualified Investors"). UK Qualified Investors should communicate their firm interest to their usual sales contact at Marex.
The Placing will be made through Marex, subject to the terms and conditions (the "Terms and Conditions") set out below in Appendix 1 to this announcement. The decision to allot the Ordinary Shares to any UK Qualified Investor pursuant to the Placing shall be at the absolute discretion of Marex (in consultation with the Company).
By making an offer to subscribe for Ordinary Shares under the Placing, UK Qualified Investors will be deemed to have accepted the Terms and Conditions. A UK Qualified Investor that has made an offer to subscribe for Ordinary Shares under the Placing accepts that following the closing of the Fundraising such offer shall be irrevocable. Upon being notified of its allocation of Ordinary Shares in the Placing, a UK Qualified Investor shall be contractually committed to acquire the number of Ordinary Shares allocated to it at the Issue Price.
Marex, in agreement with the Company, may choose to accept applications, either in whole or in part, on the basis of allocations determined, and may scale down any applications for this purpose, on such basis as the Company and Marex may determine. Marex may also, notwithstanding the above, subject to the prior consent of the Company: (i) allocate Ordinary Shares after the time of any initial allocation to any UK Qualified Investor submitting an application after that time; and (ii) allocate Ordinary Shares after the Fundraising has closed to any UK Qualified Investor submitting an application after that time.
For Further Information:
MUFG Corporate Governance Limited
mandgcredit@cm.mpms.mufg.com
Company Secretary
+44 (0) 20 3757 1912
Marex Financial +44 (0)20 3100 0000
Neil Morgan
Darren Willis
The Company's LEI is: 549300E9W63X1E5A3N24
Important Notice
The content of this announcement has been prepared by, and is the sole responsibility of M&G Credit Income Investment Trust plc.
The information contained in this announcement is given at the date of its publication and is subject to updating, revision and amendment from time to time. Neither the content of the Company's website nor any website accessible by hyperlinks to the Company's website is incorporated in, or forms part of, this announcement.
Members of the public are not eligible to take part in the Placing. Information in this announcement relating to the Placing (including within Appendix 1) and the terms and conditions of the Placing set out in Appendix 1 are for information purposes only and are directed only at persons who are UK Qualified Investors, who are persons: (i) who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) falling within article 49(2)(a) to (d) ("high net worth companies, unincorporated associations, etc") of the Order; or (iii) are persons to whom it may otherwise be lawfully communicated (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which this announcement relates is available only to and will only be engaged in with the persons referred above.
Investors should make their own investigations into the merits of an investment in the Company. Nothing in this announcement amounts to a recommendation to invest in the Company or amounts to investment, taxation or legal advice. Dividend targets are a target only and not a profit forecast, there can be no assurances that this target will be met. No representation is being made by the inclusion of the data contained herein that the Company will achieve results similar to that which it has achieved in the past or avoid losses. Past performance cannot be relied on as a guide to future performance.
It should be noted that a subscription for Ordinary Shares and investment in the Company carries a number of risks. Investors should consider the risk factors set out in the Company's latest annual report before making a decision to subscribe for Ordinary Shares. Investors should take independent advice from a person experienced in advising on investment in securities such as the Ordinary Shares if they are in any doubt. Investors' capital is at risk.
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