M&G Credit Income (MGCI) has announced that, in light of the strong demand for its shares over the last 12 months, it is undertaking a fundraising that will comprise a placing and a WRAP retail offer, both of which are to be priced at a 1% premium to NAV (the exact issue price is expected to be announced on 18 March 2025), with MGCI highlighting that newly issued shares are not subject to stamp duty. The fundraising is scheduled to close on 20 March, with the results announced on 21 March and new shares admitted to trading on 25 March 2025. MGCI says that the fundraising is exempt from the requirement to publish a prospectus. Winterflood Securities Limited is acting as placing agent.
