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

Sell:92.40p Buy:93.00p 0 Change: 1.10p (1.20%)
Market closed Prices as at close on 16 April 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:92.40p
Buy:93.00p
Change: 1.10p (1.20%)
Market closed Prices as at close on 16 April 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:92.40p
Buy:93.00p
Change: 1.10p (1.20%)
Market closed Prices as at close on 16 April 2021 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.
Security Weight
M&G Dynamic European Loan Fund 10.28%
Hall & Woodhouse 1% 1.62%
Sonovate Limited 1% 1.51%
Warwick Finance Residential Mortgages 1.46%
Silverstone Master Issuer PLC 1.16% 1.46%
Number One 1.9996% 1.46%
New Day Partnership Funding 2017-1 1.4306% 1.44%
Paragon Mortgages No 25 1.4371% 1.38%
Rin Ii 3.7841% 1.37%
Brass No.6 PLC 0.85675% 1.30%

Top 10 sectors currently unavailable.

Country Weight
United Kingdom 8.30%

Fee Structure

A management fee is calculated by 0.5% p.a. of the prevailing published NAV until such time as the Board agrees that the portfolio is appropriately positioned to meet the Companys medium term annualised dividend target of LIBOR plus 4%.The management fee will be paid quarterly.

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

Adam English

Manager Bio

Adam joined M&G in 1999 and is a fixed income fund manager. His focus is on the analysis and investment of high yield debt and he manages public high yield debt for Prudential Life Fund. Before joining M&G, Adam worked for the United Bank of Kuwait where he worked within the credit and high yield departments, with representation on the bank’s credit committee. Prior to this, he worked for Price Waterhouse, gaining membership of the Associate of Chartered Accountants. Adam graduated from Christ Church College, Oxford University with a degree in Physics and is a CFA charterholder.

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.

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'.