M&G Credit Income Investment Trust launches retail share offer

On Thursday, M&G Credit Income Investment Trust plc announced a retail offer of new ordinary shares via the Winterflood Retail Access Platform. This offering coincides with a placing of ordinary shares that was announced earlier in the day. The new shares will be priced 1.5% above the last published cumulative income net asset value per ordinary share, as per the company's press release.

The final issue price is anticipated to be disclosed on October 16, 2026. These shares are being distributed under the shareholder authority granted at the company's annual general meeting, which took place on May 20, 2026. Notably, the new shares will not be subject to stamp duty.

The retail offer is accessible to eligible UK investors, comprising both new and existing shareholders, through certain financial intermediaries. To take part, applicants must be customers of participating intermediaries, which includes individuals aged 18 or over, companies, partnerships, trusts, and other organizations. A minimum subscription of £100 is required per investor.

The offer is projected to close at 2:00 p.m. on October 20, 2026, although participating intermediaries may have earlier closing times. The outcome of the retail offer is expected to be declared concurrently with the placing result on or around October 21, 2026.

Once admitted to trading on the London Stock Exchange's Main Market, new share transactions will commence at 8:00 a.m. on October 23, 2026. The net proceeds from the offering will be invested in line with the company's established investment policy. M&G Credit Income Investment Trust invests in both public and private credit investments.

The announcement received approval from Marex Financial for regulatory compliance. The offer is being made under an exception from the prohibition on public offers and under an exemption from the requirement to publish a prospectus. This report was produced with the assistance of AI and subsequently reviewed by an editor. Readers seeking further details can refer to the Terms and Conditions.