M&G Plc adjusts stake in Credit Income Trust

LONDON - M&G Plc, a major investment management firm based in the United Kingdom (TADAWUL:4280), has reported a change in its holdings of the M&G Credit Income Investment Trust PLC (MGCI). The notification, following regulatory requirements, indicates a slight decrease in M&G Plc’s voting rights within the trust.

On January 27, 2025, M&G Plc’s percentage of voting rights attached to shares fell to 25.784344%, down from the previously notified 25.956704%. This change resulted from transactions that led to a revised total of 38,830,132 voting rights held by the company in the investment trust.

The M&G Credit Income Investment Trust PLC, which trades under the ISIN GB00BFYYL325, is a UK issuer specializing in credit investments. The trust aims to provide shareholders with regular dividends and capital growth over the long term by investing in a diversified portfolio of public and private credit assets.

The press release statement detailed the complete chain of controlled undertakings through which the voting rights are held, starting with the ultimate controlling entity, M&G Plc. Entities such as M&G Corporate Holdings Limited and Prudential (LON:PRU) Portfolio Management Group Limited, both wholly owned subsidiaries, were noted for their share of the voting rights, each holding 20.794146%.

This adjustment in shareholding does not involve any financial instruments with a similar economic effect, as indicated by the absence of entries in those sections of the notification form.

While the notification’s content is primarily factual, it serves as an update to the market on the shareholding structure of the M&G Credit Income Investment Trust PLC. Such changes in significant shareholdings are of interest to investors and analysts monitoring the ownership and control of publicly traded entities.

The announcement was completed on January 28, 2025, in London, United Kingdom. The information presented is based on a press release statement and is intended to keep the market informed about significant changes in share ownership within the trust.

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