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M&G Credit Income Investment Trust plc (MGCI) Ord GBP0.01

Sell:104.00p Buy:108.00p 0 Change: No change
Market closed Prices as at close on 19 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:104.00p
Buy:108.00p
Change: No change
Market closed Prices as at close on 19 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:104.00p
Buy:108.00p
Change: No change
Market closed Prices as at close on 19 November 2019 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

To generate a regular and attractive level of income with low asset value volatility by investing in diversified portfolio of public and private debt and debt-like instruments. Over the longer term, it is expected that the Company will be mainly invested in private Debt Instruments, which are those instruments not quoted on a stock exchange.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Fee Structure

A management fee is calculated by 0.5% p.a. of the prevailing published NAV and 0.7% p.a. of the prevailing published NAV thereafter.The management fee will be paid quarterly. The contract is terminable on 6 months notice.

Dividend Policy

The Company intends to pay two dividends in respect of the first financial period following Initial Admission. The Company intends to pay dividends on a quarterly basis with dividends typically declared in January, April, July and October and paid in February, May, August and November in each financial year. The Company uses the average daily three-month LIBOR as its reference for the purposes of its targeted dividend yield.

ASSET SPLIT

Total number of holdings: 0.

Trust Manager

Jeremy Richards

Manager Bio

Jeremy joined Prudential Portfolio Managers in 1983 as a member of the actuarial department. He joined the fixed income team in 1985, and has been responsible since 1993 for managing the fixed income team in respect of Prudential’s Life and Annuity funds. Prior to this, Jeremy worked on bond research, going on to manage the UK and European fixed income portfolios for insurance and pensions clients. He was also a specialist in index-linked gilts and fixed income derivatives. Jeremy graduated from the University of Manchester with a degree in Economics and is a Fellow of the Institute of Actuaries.

Board Of Directors

David SimpsonChairman, Richard Boleat, Mark Hutchinson, Annette Powley

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

Share

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'.