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LONDON - M&G Plc, a major financial services group based in London, has reported a change in its holdings of M&G Credit Income Investment Trust PLC (MGCI). The notification, dated May 30, 2025, indicates that M&G Plc’s voting rights in the investment trust have decreased slightly.
As per the latest notification, M&G Plc now holds 22.297748% of the voting rights in M&G Credit Income Investment Trust. This represents a total of 38,830,132 voting rights. This figure is a decrease from the previous notification, where M&G Plc held 22.943319% of the voting rights.
The change in M&G Plc’s holdings crossed the threshold on May 29, 2025, and the company notified the issuer on the following day. The announcement was made in accordance with the Disclosure Guidance and Transparency Rules (DTR) of the Financial Conduct Authority (FCA).
The press release statement breaks down the holdings structure, showing that M&G Plc directly controls the entirety of the 22.297748% stake through its subsidiaries. M&G Corporate Holdings Limited, a wholly-owned subsidiary, holds 17.982332% of the voting rights. This subsidiary, in turn, fully owns Prudential (LON:PRU) Portfolio Management Group Limited, which holds the same percentage of voting rights. The chain of control continues with several other wholly-owned subsidiaries, ultimately linking back to the parent company, M&G Plc.
There was no use of financial instruments such as derivatives reported in the notification, indicating that the entire stake is comprised of direct shareholdings.
This adjustment in M&G Plc’s stake in the M&G Credit Income Investment Trust may be of interest to investors monitoring changes in significant shareholdings within UK-listed investment trusts. The disclosed information is based on a press release statement and provides a snapshot of the current ownership structure as it pertains to voting rights within the investment trust.
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