DJ 2026 Interim Results
M&G Credit Income Investment Trust plc (MGCI)
2026 Interim Results
18-Sep-2026 / 07:05 GMT/BST
=----------------------------------------------------------------------------------------------------------------------
LEI: 549300E9W63X1E5A3N24
M&G Credit Income Investment Trust plc
Half Year Report and unaudited Condensed Financial Statements
for the six months ended 30 June 2026
M&G Credit Income Investment Trust plc (the 'Company') announces its unaudited half yearly results for the six months
ended 30 June 2026.
Highlights for the six months ended 30 June 2026
-- The dividend yield on a trailing 12-month basis on the Ordinary Shares as at 30 June 2026 was 7.95%.
-- Dividends of 1.73p and 1.75p per Ordinary Share were paid for the quarters ended 31 March 2026 and 30
June 2026, respectively, of which a total of 1.05p derived from a return of capital.
-- NAV total return of 2.36% for the six months to 30 June 2026, compared with the benchmark return of
3.82%.
-- The Company's Ordinary Share price traded at an average premium to NAV of 0.3% during the period ended 30
June 2026.
-- On 30 June 2026, the Ordinary Share price was 93.10p, representing a 1.8% premium to NAV as at that date.
-- A net 5.6 million Ordinary Shares were issued during the period, reflecting continued demand for the
Company's shares.
-- Since the period end, a further 4.2 million Ordinary Shares have been issued.
-- On 18 September 2026, the Company announced a proposed placing and a retail offer of further Ordinary
Shares.
-- The funded private asset portion of the portfolio increased to 52.44%, from 46.42% at 31 December 2025.
-- Approximately GBP15 million was invested into private credit opportunities during the period.
Chairman's comment
David Simpson, Chairman of M&G Credit Income Investment Trust plc, commented: 'The Company delivered a positive NAV
total return during the first half of 2026, while maintaining a clear and transparent policy of paying attractive
quarterly dividends. The portfolio remained defensively positioned against a backdrop of tight credit spreads and
heightened geopolitical uncertainty, and the Investment Manager continued to identify selective opportunities across
public and private credit markets. Your Company's portfolio has limited interest rate sensitivity compared to
traditional fixed-rate bonds, helping it to protect value if rates rise while capturing rising income.'
Outlook
The Board believes the Company remains well positioned to continue delivering attractive income, supported by a
diversified portfolio, disciplined credit selection and the flexibility to deploy capital when market conditions
present more compelling opportunities.
Contact details:
AIFM and Investment Manager
M&G Alternatives Investment Management Limited
10 Fenchurch Avenue, London EC3M 5AG
Website: mandg.com/investments/private-investor/en-gb
Telephone: +44 (0) 800 390 390
Company Secretary
MUFG Corporate Governance Limited
Central Square, 29 Wellington Street, Leeds LS1 4DL
Telephone: 0333 300 1932
Broker
Winterflood Securities Limited
Riverbank House, 2 Swan Lane, London EC4R 3GA
The full Half Year Report is available on the Company's website at mandg.com/creditincomeinvestmenttrust
Chairman's statement
High demand has enabled your Company to issue 9.8 million Ordinary Shares between 1 January 2026 and 17 September 2026.
We have today announced a proposed placing and retail offer of further Ordinary Shares. Your Company's portfolio offers
considerable protection from rising interest rates while providing attractive income.
Performance
Your Company delivered a NAV total return of 2.36% for the six months to 30 June 2026, compared to the benchmark of
SONIA +4% which returned 3.82%. The Company outperformed investment grade fixed income indices such as the ICE BofA
Sterling Corporate and Collateralised Index and the ICE BofA 1-3 Year BBB Sterling Corporate and Collateralised Index,
which returned +0.96% and +1.69%, respectively. The Company's NAV total return also compared favourably with high yield
markets, with the ICE BofA European Currency Non-Financial High Yield 2% Constrained Index returning +2.00%.
The Investment Manager continued to position the portfolio defensively as credit spreads remained close to historically
tight levels which, in its opinion, did not adequately compensate investors for the range of macroeconomic,
geopolitical and policy risks still present. Market conditions changed significantly over the half year. The first
quarter was characterised by heightened volatility following the escalation of tensions involving Iran, an artificial
intelligence-related sell off in software companies and adverse news about private credit in the US. This resulted in
wider credit spreads and weaker market sentiment. However, as concerns over immediate energy supply disruption eased
and investors refocused on resilient corporate fundamentals, credit spreads retraced much of their earlier widening
during the second quarter.
In a tight credit spread environment, deploying capital in line with the Company's long-term return target can be
challenging. However, during the period, the Investment Manager was able to benefit from the macroeconomic backdrop,
using its flexibility to invest across asset classes, to rotate meaningfully out of public credit and into private
credit, realising capital gains and improving the portfolio yield.
The Board continues to support the Investment Manager's approach, which seeks to balance near-term income generation
with capital preservation and the flexibility to deploy capital when market conditions provide more compelling
opportunities.
Share issuance, discount management and proposed fundraising
Demand for the Company's shares remained positive during the period, with a net 5.6 million Ordinary Shares issued.
Following significant issuance in January and February, March's heightened market volatility saw the Ordinary Share
price move briefly to a discount to NAV. In accordance with the Company's Zero Discount Policy, the Company recommenced
share repurchases and bought back Ordinary Shares into Treasury. Encouragingly, the share price subsequently returned
to a premium to NAV as market sentiment improved.
The Company's Ordinary Share price traded at an average premium to NAV of 0.3% during the period ended 30 June 2026. On
30 June 2026, the Ordinary Share price was 93.10p, representing a 1.8% premium to NAV as at that date. Since the period
end, a further 4,175,000 Ordinary Shares have been issued.
Your Board remains committed to the Zero Discount Policy, which seeks to ensure that Ordinary Shares trade close to NAV
in normal market conditions and supports liquidity for shareholders.
In light of current demand, we have today announced a proposed placing and retail offer of Ordinary Shares.
Dividends
Your board understands that regular income is a key consideration of many investors. Since inception, we have
maintained a clear and transparent policy of paying attractive quarterly dividends.
Your Company is currently paying four quarterly interim dividends at an annual rate of SONIA +4%, calculated by
reference to the adjusted opening NAV as at 1 January 2026. The Company paid dividends of 1.73p and 1.75p per Ordinary
Share for the quarters to 31 March 2026 and 30 June 2026, respectively.
The Investment Manager continues to believe that an annual total return, and ultimately a dividend yield, of SONIA +4%
remains achievable over the long term, although there can be no guarantee that this will be achieved in any individual
year.
Outlook
The outlook for credit markets remains finely balanced. While global economic activity has proved resilient and
financial markets have recovered from the volatility experienced earlier in the year, geopolitical risks remain
elevated. The Middle East remains very unstable and energy markets are correspondingly volatile. Policymakers are
trying to balance price stability against the risk of placing additional pressure on slowing economies, particularly in
the UK and Europe.
Despite this backdrop, credit markets have demonstrated resilience. Following the spread widening seen during the first
quarter, risk appetite recovered strongly and corporate credit spreads ended the period once again close to
historically tight levels. This has been underpinned by supportive technical factors, including strong investor demand
and well-supported primary issuance markets.
In this environment, the Investment Manager intends to maintain a disciplined and selective approach to capital
allocation, prioritising assets that offer resilient income and more defensible cash flows. This positioning is not
intended simply to reduce risk, but to preserve flexibility and enable the Company to deploy capital into more
attractive opportunities when periods of volatility create improved entry points and more compelling prospective
returns.
The Company remains well positioned for a range of market outcomes with a diversified portfolio, predominantly
investment grade credit quality and access to M&G's extensive public and private credit capabilities. It has access to
a fully undrawn GBP40 million revolving credit facility and there is approximately GBP40 million invested in high credit
quality ABS funds, which can be redeployed efficiently should market dislocations occur.
Your Company's predominantly floating-rate portfolio and low duration offer considerable protection against interest
rate rises compared to traditional fixed-income strategies. If interest rates stay higher for longer, shareholders also
benefit from the higher income which is generated.
The Board believes that the Company is well placed to continue delivering attractive income while remaining ready to
capitalise on opportunities as they emerge.
David Simpson
Chairman
18 September 2026
Financial highlights
Key data
As at As at
30 June 2026 31 December 2025
(unaudited) (audited)
Net assets (GBP'000) 188,011 185,767
Net asset value (NAV) per Ordinary Share 91.47p 92.91p
Ordinary Share price (mid-market) 93.1p 95.0p
Premium to NAVa 1.8% 2.2%
Ongoing charges figurea 1.17% 1.18%
Return and dividends per Ordinary Share
Six months ended Year ended
30 June 2026 31 December 2025
(unaudited) (audited)
Capital return (0.3)p 0.6p
Revenue return 2.4p 5.3p
NAV total returna 2.4% 6.2%
Share price total returna 1.9% 6.7%
Total dividends declaredb 3.48p 7.62p
a Alternative performance measure. Please see pages 35 to 36 in the full Half Year Report for further information.
b The total dividends declared in respect of each period equated to a dividend yield of SONIA +4% on the adjusted opening NAV.
Investment manager's report
The first half of 2026 was dominated by geopolitical developments in the Middle East, evolving monetary policy expectations and continued strength in credit markets despite a more uncertain macroeconomic backdrop. The escalation of conflict between the US and Iran in late February triggered a sharp rise in energy prices and heightened concerns around inflation, global growth and supply chain disruption. Government bond yields moved higher as markets reassessed the path of future interest rates, while credit spreads widened during March. However, the move proved relatively modest given the scale of the geopolitical shock and was short-lived. Credit markets recovered during the second quarter as investors looked through near-term uncertainty, supported by resilient corporate fundamentals and strong demand for fixed income assets. By the end of June, both investment-grade and high-yield credit spreads had returned to levels close to their historic tights.
Against this backdrop, we maintained our deliberately defensive positioning, reflecting our view that public credit markets continue to offer limited compensation for the breadth of macroeconomic, geopolitical and policy risks facing investors. Despite periods of volatility, market technicals remained robust, with investor demand continuing to exceed new issuance supply across many areas of the credit market. While this has helped support valuations, we believe it leaves credit spreads vulnerable to future repricing should economic or geopolitical risks deteriorate.
Demand for the Company's shares remained strong at the beginning of the year, resulting in the issuance of 5.8 million ordinary shares up to the end of February. We deployed the proceeds, alongside existing liquidity, across both public and private markets, while continuing to focus on opportunities where we believed relative value remained attractive. During the period, approximately GBP15 million was invested into private credit opportunities spanning infrastructure, real estate, asset-backed finance and corporate lending transactions across Europe and the UK. These investments included exposure to operational data centre infrastructure, logistics real estate, infrastructure-backed receivables and a number of regulatory capital opportunities, an area where we continue to identify particularly attractive risk-adjusted returns.
Public market activity during the first half of 2026 remained highly selective, reflecting our view that spreads in many areas of the market offered limited value. Rather than increasing broad market exposure, we focused on identifying individual credits where internal research suggested risk was being mispriced and where there was potential for both attractive carry and further spread compression. Purchases were concentrated across investment-grade opportunities, structured credit and selectively chosen high-yield new issues, where spreads and risk-adjusted returns appeared attractive in the context of prevailing market valuations. Overall, public market activity was characterised by disciplined security selection, active trading and a willingness to use the liquidity of public markets both to capture capital appreciation and to fund higher-conviction opportunities elsewhere in the portfolio.
As the year progressed, the portfolio also actively realised gains in a number of public bond holdings where spreads had tightened significantly from purchase levels, recycling capital into private opportunities where we identified more compelling relative value. As a result, portfolio yield increased during the period, while maintaining the portfolio's average investment-grade credit quality. The flexibility to allocate capital across both public and private markets remains one of the Company's key differentiators. In our opinion, relative value remains more attractive across many areas of private credit, where investors can earn an additional illiquidity premium compared with comparable publicly traded assets. This continued to drive our preference for private market deployment during the period and resulted in the portfolio finishing the half year once again predominantly invested in private assets.
Credit quality remained a key focus throughout the period. We continued to prioritise investments supported by resilient cashflows and strong underlying fundamentals. We believe this disciplined positioning is particularly important given the highly uncertain economic outlook, helping to preserve capital when market compensation is limited while retaining the flexibility to act dynamically and add risk meaningfully as more attractive entry points emerge.
We actively monitor the portfolio for signs of distress and currently have exposure to three issuers, amounting to 0.70% of the latest published NAV, which are either in technical default or at some stage of a restructuring process. These assets are already marked to market or, in respect of non-public market instruments, reserved against in the Company's latest published NAV. The funded private asset portion of the portfolio increased over the period to 52.44% from 46.42% at 31 December 2025, supported by a healthy pipeline of private credit opportunities. The portfolio also retains approximately 8% in illiquid publicly listed assets, which are intended to be held to maturity.
Outlook
Despite generally supportive market conditions, investors continue to face significant risks to the outlook for growth, inflation and interest rates. Ongoing tensions in the Middle East, together with the potential for further disruption to global energy markets and supply chains, present a meaningful risk to economic growth and inflation. To date, financial markets have remained relatively resilient, largely looking through the energy crisis during the spring and summer. However, a prolonged period of elevated energy prices is set to place renewed pressure on corporate profitability, weigh on consumer spending, and shift the forecast toward near-term interest rate hikes. This pressure is particularly acute in Europe and the UK, where economies face a higher exposure to imported energy costs. Against this backdrop, the risk of more persistent inflation and a higher-for-longer interest-rate environment remains an important consideration for investors. The Company's predominantly floating-rate portfolio and low duration reduce sensitivity to interest rate movements relative to traditional fixed income strategies. This provides a degree of protection and resilience should rates remain elevated for longer than expected. In addition, the Company's SONIA-linked dividend target allows shareholders to continue benefiting from an elevated level of income while interest rates remain higher.
While many higher-quality companies remain well positioned to withstand a higher-rate environment, refinancing costs across the corporate sector have risen materially from the ultra-low-rate era. Although this is unlikely to result in widespread distress among investment-grade borrowers, it is likely to place greater pressure on weaker business models and highly leveraged issuers. Credit spreads remain close to historically tight levels and, in our view, offer limited protection against a deterioration in economic conditions, an escalation in geopolitical tensions or a broader repricing of risk assets. This supports our continued preference for higher-quality credit and defensive positioning, even where this means forgoing incremental yield. In this environment, borrower resilience, financial discipline and cash flow generation are increasingly important differentiators. Our focus remains firmly on bottom-up credit analysis, identifying issuers where we believe the market is mispricing risk and avoiding situations where prospective returns do not adequately compensate investors for the underlying credit exposure. This valuation-led approach has long been central to the Company's investment philosophy and is particularly relevant when market valuations leave little room for error.
In assessing the key risks over the coming quarters, it is also important to consider the broad impact of artificial intelligence (AI) across global industries. While the associated growth potential is considerable, the theme has expanded beyond US equity markets and is increasingly relevant across asset classes, including global credit markets. The scale of AI-related debt issuance is affecting pricing dynamics in fixed income, while the rapid expansion of AI infrastructure financing represents a significant shift in global capital allocation, transferring some technology-sector risk from equity markets into the broader fixed-income market. The Company has not participated in recent hyperscaler debt issuance on relative-value grounds and at present has limited exposure to AI-themed issuance. We continue to favour defensive corporate issuers supported by tangible assets and predictable free cash flow.
The Company's flexible mandate across public and private credit markets remains a key advantage in this environment. Supported by M&G's extensive credit research platform and longstanding presence in private markets, we can access a broad opportunity set and allocate dynamically to areas where we believe value is most compelling. This 'best of both worlds' approach enables the portfolio to benefit from the structural protections, stronger covenant packages and enhanced returns available in private credit, while public markets provide liquidity and the ability to reposition the portfolio efficiently as opportunities arise.
While the near-term outlook is likely to remain influenced by geopolitical developments and macroeconomic uncertainty, periods of volatility can create attractive opportunities for long-term investors. Should market dislocations emerge and credit spreads reprice to more attractive levels, the Company remains well positioned to deploy capital selectively where valuations become disconnected from underlying fundamentals. Consistent with our longstanding investment approach, we will continue to prioritise capital preservation, stable income generation and disciplined risk-taking, while remaining patient until prospective returns appropriately compensate for the risks undertaken.
M&G Alternatives Investment Management Limited
18 September 2026
Portfolio analysis
Portfolio overview
30 June 2026 31 December 2025
As at
% %
Cash on deposit 0.64 3.00
Public 46.90 50.40
Asset-backed securities 12.25 12.42
Bonds 13.13 14.10
Investment funds 21.52 23.88
Private 52.44 46.42
Asset-backed securities 2.36 2.34
Bonds 1.33 1.37
Equities 0.01 0.01
Investment funds 13.24 13.52
Loans 20.08 16.26
Private placements 1.21 1.24
Subordinated debt 0.08 0.08
Other 14.13 11.60
Derivatives 0.02 0.18
Debt derivatives (0.03) -
Forwards 0.05 0.18
Total 100.00 100.00
Source: State Street
Geographical exposure
Percentage of portfolio of investments
as at 30 June 2026 (31 December 2025)*
Europe 49.39% (52.43%)
United Kingdom 42.73% (40.67%)
United States 6.36% (5.56%)
Asia-Pacific 1.09% (0.88%)
Global 0.43% (0.46%)
* Excluding cash on deposit and derivatives.
Source: M&G and State Street as at 30 June 2026
Credit rating breakdown
30 June 2026 31 December 2025
As at
% %
Unrated 0.11 0.27
Equities 0.01 0.01
Derivatives 0.02 0.18
Subordinated Debt 0.08 0.08
Cash and investment grade 75.75 78.80
Cash on deposit 0.64 3.00
AAA 3.34 5.54
AA 21.83 3.28
AA- 0.46 19.03
A+ 1.18 1.25
A 2.39 2.38
A- 3.01 2.54
BBB+ 7.92 8.23
BBB 13.01 11.73
BBB- 11.64 11.27
M&G European Loan Fund (ELF) (see note) 10.33 10.55
Sub-investment grade 24.14 20.93
BB+ 3.72 2.41
BB 4.61 2.84
BB- 2.41 3.10
B+ 2.91 2.14
B 5.63 5.97
B- 0.97 0.50
CCC+ 0.48 0.50
CCC 0.28 0.28
CC 0.16 0.16
D 0.06 0.06
M&G European Loan Fund (ELF) (see note) 2.91 2.97
Total 100.00 100.00
Source: State Street
Note: ELF is an open-ended fund managed by M&G that invests in leveraged loans issued by, generally, substantial private companies located in the UK and Continental Europe. ELF is not rated and the Investment Manager has determined an implied rating for this investment, utilising rating methodologies typically attributable to collateralised loan obligations. On this basis, 78% of the Company's investment in ELF has been ascribed as being investment grade, and 22% has been ascribed as being sub-investment grade. The board actively monitors the implied rating to ensure that the original rating remains appropriate.
Top 20 holdings
Percentage of portfolio
of investmentsa
As at 30 June 2026 (31 Company description
December 2025)
M&G Investment Grade ABS Open-ended fund managed by M&G which invests primarily in high grade European ABS with on
Fund average AA risk. The fund seeks to find value in credits which offer an attractive structure
or price for their risk profile. (Public)
18.18% (18.34%)
Open-ended fund managed by M&G which invests in leveraged loans issued by, generally,
M&G European Loan Fund substantial private companies located in the UK and Continental Europe. The fund's objective
is to create attractive levels of current income for investors while maintaining relatively
low volatility of NAV. (Private)
13.24% (13.52%)
M&G Senior Asset Backed Open-ended fund managed by M&G investing in a diversified pool of investment grade ABS. In
Credit Fund usual market conditions, the fund will invest predominantly in senior tranches of ABS, with
80% expected to be of a credit rating of at least AA- or higher. The latest average credit
rating of the underlying portfolio is AAA. The daily dealing fund is used by the Investment
Manager as an alternative to holding cash. (Public)
3.34% (5.54%)
Delamare Finance FRN
1.279% 19/02/2029
Floating-rate, senior tranche of a CMBS secured by the sale and leaseback of 33 Tesco
superstores and 2 distribution centres. (Public)
2.44% (2.45%)
Income Contingent
Student Loans 14.95%
Floating-rate, junior mezzanine tranche of a portfolio comprised of income contingent
repayment student loans originally advanced by the UK Secretary of State for Education.
24/07/2058 (Public)
1.50% (1.53%)
Salisbury 2019-1 A FRN Floating-rate, mezzanine tranche in a regulated capital securitisation where the underlying
1% 16/06/2027 portfolio is a diversified portfolio of UK small and medium enterprise ('SME') loans
originated by Lloyds Bank. (Private)
1.48% (1.49%)
Serenissima SPV 5.625%
30/06/2036 Fixed coupon, senior debt in an infrastructure securitisation backed by future receivables
payable to the O&M (Operations & Maintenance) contractor for an Italian road project in
North-East Italy. (Private)
1.30% (1.38%)
Salisbury 2022-1 A FRN Floating-rate, mezzanine tranche in a regulated capital securitisation where the underlying
1% 17/04/2028 portfolio is a diversified portfolio of UK small and medium enterprise ('SME') loans
originated by Lloyds Bank. (Private)
1.20% (0.28%)
Amalfi SPV 5.822% 30/06/
2037 Fixed coupon, senior debt in an infrastructure securitisation backed by future receivables
payable to the O&M (Operations & Maintenance) contractor for an Italian road project in
Southern Italy. (Private)
1.19% (n/a)
Finance for Residential
Social Housing 8.369% 04
/10/2058 High grade (AA+/Aa2), fixed-rate bond backed by cash flows from housing association loans.
(Public)
1.13% (0.50%)
Sage AR Funding 1% 18/08
/2038
Floating-rate, mezzanine tranche in a CMBS backed by a portfolio of social housing units owned
by Sage Rented Limited. (Public)
1.06% (n/a)
Totem Aries-7M
Incorporated Cell 3.5%
27/01/2034
Floating-rate, mezzanine tranche in a regulated capital securitisation where the underlying
portfolio is Asset Backed Lending and Super Senior Facilities to US corporates. (Private)
1.06% (1.06%)
Ford Motor Credit 6.184% Fixed-rate bond issued by Ford Motor Credit Company LLC providing automotive financing
29/08/2031 services through Ford and Lincoln dealerships.
1.03% (1.05%) (Public)
Project Energy from
Waste UK Var. Rate 29/11
/2041 Floating-rate, senior secured infrastructure loan funding the design, build, maintain, operate
and finance contract of a residual waste treatment facility. (Private)
1.00% (1.04%)
Income Contingent
Student Loans 1
2002-2006 FRN 2.76% 24/
07/2056
Floating-rate, mezzanine tranche of a portfolio comprised of income- contingent repayment
student loans originally advanced by the UK Secretary of State for Education. (Public)
0.97% (0.98%)
Signet Excipients Var.
Rate 28/11/2026
Floating-rate loan secured against 2 large commercial premises in London, currently leased to
0.97% (0.93%) 2 FTSE listed UK corporations. (Private)
AG Beltane Park Street
Propco Limited 1%
19/10/2029
Senior secured, real estate term and capex loan secured by a prime London office property.
(Private)
0.94% (n/a)
Romeo and Juliet 1% 29/
04/2029
Senior secured, real estate term loan backed by a portfolio of existing urban logistics assets
in hubs across the Netherlands and Belgium. (Private)
0.92% (n/a)
CPUK Finance Limited
6.136% 28/02/2047
Fixed coupon, 1st lien bond issued by the financing vehicle used to back the UK operations of
the popular short-break holiday resort company, Center Parcs UK. (Public)
0.88% (0.56%)
Millshaw SAMS No. 1 Var. Floating-rate, single tranche of an RMBS backed by shared-appreciation mortgages. (Public)
Rate 15/06/2054
0.87% (0.94%)
a Including cash on deposit and derivatives.
Further Information
The full Half Year Report and unaudited Condensed Financial Statements can be obtained from the Company's website at www.mandg.co.uk/creditincomeinvestmenttrust or by contacting the Company Secretary at mandgcredit@cm.mpms.mufg.com.
It has also been submitted in full unedited text to the Financial Conduct Authority's National Storage Mechanism and is available for inspection at data.fca.org.uk/#/nsm/nationalstoragemechanism in accordance with DTR 6.3.5(1A) of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
For further information in relation to the Company please visit: https://www.mandg.com/investments/private-investor /en-gb/investing-with-mandg/investment-options/mandg-credit-income-investment-trust
-----------------------------------------------------------------------------------------------------------------------
Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
View original content: EQS News
-----------------------------------------------------------------------------------------------------------------------
ISIN: GB00BFYYLXXX, GB00BFYYTXXX Category Code: MSCL TIDM: MGCI LEI Code: 549300E9W63X1E5A3N24 Sequence No.: 443627 EQS News ID: 2401230 End of Announcement EQS News Service =------------------------------------------------------------------------------------
Image link: https://nwr.eqs-cockpit.com/fncls2.ssx?application_id=2401230&application_name=news&site_id=dow_jones%7e%7e%7ebed8b539-0373-42bd-8d0e-f3efeec9bbed
(END) Dow Jones Newswires
September 18, 2026 02:05 ET (06:05 GMT)
