M&G Credit Income Investment Trust plc (MGCI) Ord GBP0.01
M&G Credit Income Investment Trust plc is a United Kingdom-based investment trust. The Company's investment objective is to generate a regular and attractive level of income with low asset value volatility. It seeks to achieve its investment objective by investing in a diversified portfolio of public and private debt and debt-like instruments, of which at least 70% is investment grade. The Company mainly invests in private debt instruments. This part of the portfolio includes debt instruments, which are nominally quoted but are generally illiquid. The remainder of the Company's portfolio is invested in cash, cash equivalents and quoted debt instruments. It invests in various sectors, such as asset backed security (ABS), funds, non-agency CMBS, life-insurance, beverage, banking, food and drug retail, health services, aerospace/defense, steel producers/products, chemicals and debt derivatives, among others. Its investment manager is M&G Alternatives Investment Management Limited.
The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.
Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.