M&G Credit Income Investment Trust reports 2.36% NAV return

M&G Credit Income Investment Trust plc disclosed a 2.36% net asset value total return for the six months concluding June 30, 2026, according to a press release. This return trailed the benchmark of SONIA plus 4%, which generated 3.82% over the same period. The trust distributed dividends of 1.73 pence and 1.75 pence per share for the March 31 and June 30 quarters, respectively, with 1.05 pence stemming from a return of capital.

The trailing 12-month dividend yield was 7.95% as of June 30. The ordinary share price averaged a 0.3% premium to NAV throughout the period, closing at 93.10 pence on June 30, marking a 1.8% premium to NAV. Net assets stood at £188 million as of June 30, up from £185.8 million at year-end 2025. The company issued 5.6 million additional ordinary shares and 4.2 million since the reporting period ended.

The private asset portion of the portfolio rose to 52.44% from 46.42% at year-end 2025. Around £15 million was allocated to private credit investments, including data center infrastructure, logistics real estate, and infrastructure-backed receivables. The investment team kept a defensive stance as credit spreads remained tight. The portfolio faced increased volatility in Q1 due to geopolitical concerns, but credit markets rebounded in Q2.

The company announced a proposed placing and retail offer of additional shares. M&G Alternatives Investment Management Limited manages the trust, which has a £40 million revolving credit facility and £40 million in high-quality asset-backed securities funds.