London Stock exchange welcomes M&G Credit Income Investment Trust Plc to the main market
Today, the London Stock Exchange welcomes M&G Credit Income Investment Trust (“M&G Credit Income”), which will invest in a 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. The Company will operate an unconstrained investment approach, however, it will achieve diversification and a spread of risk through the limits and restrictions set out in its investment policy. Once fully invested, the Company’s portfolio is expected to comprise 100+ investments.
M&G is one of the longest established asset managers in Europe, as well as the largest private credit investor in Europe and second largest in the world. Its scale provides a competitive advantage in respect of access and asset sourcing enabling it to identify value from the widest possible opportunity set and to make investments that capture risks where they are most rewarded. Its disciplined focus on value ensures a selective approach and multiple teams of credit specialists offer depth of experience with a particular strength in origination of unusual or complex assets across the full credit universe.
Barbara Powley, Director, M&G Credit Income Investment Trust plc, commented:
“I am delighted to be at the London Stock Exchange today to celebrate the successful launch of M&G Credit Income Investment Trust. We look forward to working with M&G and its highly experienced investment team on this exciting proposition and, on behalf of the Board, I would like to thank all of our shareholders for their support.”
Jeremy Richards, Lead Fund Manager, M&G Investments, commented:
“I’m pleased to be here at the London Stock Exchange to celebrate the launch of M&G Credit Income Investment Trust. We are excited to take what we’ve been doing with institutional clients over the past decade to a new set of clients. Private credit can provide investors with an attractive level of yield and security within the fixed income universe and is playing an increasingly prominent role for companies seeking finance.”
Winterflood Securities Limited acted as sponsor, financial adviser and placing. Gowling WLG (UK) LLP acted as legal counsel to the Company.