The M&G Credit Income Investment Trust PLC aims to generate a regular and attractive level of income with low asset value volatility by investing in a diversified portfolio of public and private debt and debtlike instruments, of which at least 70% will be investment grade.
Over the longer term, it is expected that the company will be mainly invested in private debt instruments, which are those instruments not traded on a stock exchange. The company initially proposed quarterly dividends at an annual rate of LIBOR + 3% on NAV per calendar year with a variable, fourth interim dividend to be determined after each year end, and is targeting LIBOR plus 4% over the longer term.
LSE:MGCI
Price
95.70 GBX
Day Change
0.31%
Market Cap:
£169.53 m
52 weeks high
100.00
52 weeks low
92.00
