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LONDON - M&G Plc has decreased its voting rights in M&G Credit Income Investment Trust PLC (MGCI) to 19.70% from 19.94%, according to a regulatory filing released Wednesday.
The change occurred on November 4, with the company now holding 38,830,132 voting rights in the trust. The notification was submitted to the issuer on November 5, as required by financial regulations.
The stake reduction represents a slight decrease in M&G Plc's position in the investment trust. The company maintains its significant influence as a major shareholder through both direct holdings and controlled undertakings.
According to the filing, M&G Corporate Holdings Limited, a wholly owned subsidiary of M&G Plc, holds 15.89% of the voting rights. This stake is also attributed to Prudential Portfolio Management Group Limited, which is wholly owned by M&G Corporate Holdings Limited.
The regulatory announcement was made in accordance with the standard form for notification of major holdings, as required by UK financial regulations. The disclosure provides transparency regarding significant ownership changes in publicly traded securities.
M&G Credit Income Investment Trust PLC is listed on the London Stock Exchange with the ISIN GB00BFYYL325. The trust focuses on credit income investments, as indicated by its name.
This information is based on a regulatory announcement transmitted by EQS Group on behalf of M&G Credit Income Investment Trust.
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