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LONDON - M&G Credit Income Investment Trust plc (MGCI) announced Monday that shareholders approved all resolutions at its General Meeting, granting the company authority to issue up to 150 million new ordinary shares.
The approval enables the company to continue its Share Issuance Programme and pursue its Zero Discount Policy, allowing it to meet market demand for its shares. Both resolutions passed with approximately 98.98% of votes in favor.
The first resolution authorized directors to allot ordinary shares in connection with the Share Issuance Programme and future WRAP Retail Offers, while the second special resolution empowered directors to allot shares for cash as if pre-emption rights did not apply.
According to the company, a prospectus related to the Share Issuance Programme is expected to be published around July 29, 2025.
As of July 24, 2025, M&G Credit Income Investment Trust’s issued share capital comprised 185,793,740 ordinary shares of one pence each, with no shares held in treasury.
The information is based on a press release statement from the company following its General Meeting held on Monday.
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