Overview
M&G Credit Income Investment Trust aims to generate a regular and attractive level of income with low asset value volatility. M&G Credit Income Investment Trust seeks to achieve its investment objective by investing in a diversified portfolio of public and private debt and debt-like instruments (“Debt Instruments”). Over the longer term, it is expected that the Company will be mainly invested in private Debt Instruments, which are those instruments not quoted on a stock exchange.
You can access the fund’s website here
MGCI : M&G Credit Income Investment Trust
Fundamentals
Price
Research History
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09 Mar 2023 64 min read
QuotedData’s Economic and Political Monthly Roundup March 2023
Economic and Political Monthly Roundup Investment companies | Monthly | March 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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19 Dec 2018 1 min read
QuotedData’s investment companies roundup – December 2018
QuotedData’s investment companies roundup – December 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2018. Kindly sponsored by Baillie Gifford. Extract from ‘winners and losers’ The Californian wildfires took their toll on CatCo Reinsurance as it […]
News
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29 Sep 2025 2 min read
CVC Income and Growth bucks investment company gloom with buoyant £60m share issue
CVC Income and Growth (CVCG), the top-performing listed loan and bond fund over five and ten years, has launched a £60m share issue in response to investor demand for high yields and a haven from volatile markets. Having issued 39m shares in the past 12 months and seen its stock trade at a small premium […]
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17 Sep 2025 3 min read
Morning briefing: City of London canters ahead of FTSE All-Share; plus SUPR, AJOT, BHMG, RSE, JGGI, BIOG & GV20
Annual results from Janus Henderson flagship City of London and Supermarket Income, interims from AVI Japan Opportunity, BH Macro and M&G Global Credit Income, confirmation from Riverstone Energy that it has $250m to return to shareholders and a new co-manager at JPMorgan Global Growth & Income. Janus Henderson flagship City of London (CTY) beat the […]
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30 Jul 2025 2 min read
QuotedData Morning Briefing 30 July: JGGI, UKW, OCI, ASL, TFG, BBOX, PCTN, MGCI & DORE
JPMorgan Global Growth & Income co-manager Tim Woodhouse steps down and Greencoat UK Wind reports a 4.4% fall in the portfolio and sells £181m of assets. JPMorgan Global Growth & Income (JGGI) co-manager Tim Woodhouse is stepping down to take a new job at JPMorgan Asset Management, leaving Helge Skibeli and James Cook in charge […]
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18 Jul 2025 3 min read
Which trust dividends have grown faster than inflation?
Inflation is creeping back up again. The annual rate of inflation as measured by the Consumer Price Index (CPI) is now 3.6% or, to look at it another way, prices are almost 28% higher than they were five years ago. If we were using the old RPI measure, those figures would be 4.4% and 38%. […]
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02 Jul 2025 2 min read
QuotedData’s morning briefing 2 July 2025 – DIVI, NBDD, BPCR, TRY, MGCI, JARA
In QuotedData’s morning briefing 2 July 2025: Diverse Income issued a reminder about its upcoming redemption opportunity. NB Distressed Debt’s chairman only just survived re-election. That seems to have spurred the trust into accelerating the trust’s liquidation. BioPharma Credit gets a bonus as another loan is repaid early. TR Property is going to broadcast its […]
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30 Apr 2025 4 min read
QuotedData’s morning briefing 30 April 2025 – DGI9, BRAI, AEET, PPET, NBPE, MGCI, GCP, CRT, CYN, FAIR
[QD comment MR: It is good to see one of PPET’s directors making a significant addition to his personal investment in the trust as it both significantly improves alignment with other shareholders and is also a sign of confidence in PPET’s private equity strategy in these times of increased market turbulence.] We also have: Stories […]
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27 Mar 2025 1 min read
M&G Credit Income in demand, manager taking a cautious stance
M&G Credit Income delivered a return of 8.08% over 2024, compared to a benchmark return of 9.50%. The share price total return was 14.6%, however, as the shares moved from trading on a 4.2% discount to a 1.6% premium. The dividend was upped from 7.96p to 8.53p. Some of that came from capital as the […]
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21 Mar 2025 3 min read
QuotedData’s morning briefing 21 March 2025 – MGCI, BPCR, SYNC, VIP, LMP, SUPR
In QuotedData’s morning briefing 21 March 2025: M&G Credit Income (MGCI) has announced the results of its placing and WRAP retail offer, which have collectively raised gross proceeds of £6.3m. MGCI will issue a total of 6,647,969 new ordinary shares at a price of 95.13 pence per new ordinary share, representing a 1.0% premium to […]
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10 Mar 2025 1 min read
M&G Credit Income announces placing and WRAP retail offer
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 […]
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05 Feb 2025 4 min read
QuotedData’s morning briefing 5 February 2025 – TPOU, RKW, MGCI, JEMA, CGL, DGN, OIG, CREI, AIRE, LABS, THRL, HGEN
In QuotedData’s morning briefing 5 February 2025: Third Point Investors has published its investor letter for Q4 2024. Third Point’s flagship Offshore Fund achieved a 9.1% gain in Q4 2024 and 24.2% for the full calendar year. Returns for the full year were driven by positive results across all strategies, including equities, corporate and structured […]
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04 Feb 2025 1 min read
QuotedData’s morning briefing 4 February 2025 – MGCI, BNKR, SRE, GPE
In QuotedData’s morning briefing 4 February 2025: M&G Credit Income (MGCI) is convening a meeting on 27 February to approve the issue of up to 31,002,226 shares (20% of its issued share capital). The company has already issued 9.6m shares since its AGM in 2024 and was running out of room to issue more. [It […]
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18 Sep 2024 2 min read
QuotedData’s morning briefing 18 September 2024 – SGRO, FSFL, MGCI
In QuotedData’s morning briefing on 18 September 2024: SEGRO (SGRO) announced the pricing of a €500m senior unsecured bond issue for an eight-year term priced at 123 basis points above euro mid-swaps with an annual coupon of 3.5%. The bond issuance was over six times subscribed at peak. The proceeds of the issue will principally […]
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28 Mar 2024 2 min read
M&G Credit Income had a good 2023
M&G Credit Income returned 10.4% in NAV terms over 2023, ahead of the 9% return on its benchmark. The statement says that outperformance came from tightening credit spreads, which drove capital growth and strong income returns supported by higher yielding private assets. The portfolio was substantially protected from interest rate rises and rate-driven volatility by […]
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24 May 2023 2 min read
QuotedData’s morning briefing 24 May 2023
In QuotedData’s morning briefing 24 May 2023: Weiss Korea Opportunities Fund (WKOF) has announced that, due to the very limited number of elections received for the realisation opportunity (the results of which were announced on 10 May 2023), all of the realisation shares will be compulsory redeemed utilising WKOF’s existing cash reserves. The redemption price […]
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26 Apr 2023 2 min read
Down year but returns still solid for M&G Credit Income
M&G Credit Income Investment Trust announced its annual results for the year ended 31 December 2022. NAV fell 1.7% for the year, falling short of the 5.5% benchmark return. While management acknowledged the disappointing result, they did note that it was the first year of underperformance since the IPO in 2018. The annual report noted: […]
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23 Sep 2022 2 min read
QuotedData’s morning briefing 23 September 2022
In QuotedData’s morning briefing 23 September 2022: M&G Credit (MGCI) has reported a NAV total return for the half year to 30 June 2022 was -3.4% which compared favourably to the performance of fixed income indices such as the ICE BofA Sterling and Collateralised Index (-14.17%) and the ICE BofA European Currency Non-Financial High Yield […]
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24 Mar 2022 2 min read
M&G Credit benefits from discount narrowing but tougher times await
M&G Credit benefits from discount narrowing but tougher times await – M&G Credit Income Trust has published results covering the year ended 31 December 2021. The fund exceeded its target return of LIBOR+4%, returning 4.3% against 4.1% for the benchmark. Rates are rising though and so this target is going to be tougher to achieve. The […]
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30 Apr 2021 2 min read
M&G Credit Income to introduce a zero discount policy
M&G Credit Income (MGCI) has announced that it intends to introduce a “zero discount” policy to manage the discount or premium to NAV at which its ordinary shares trade. Winterflood Securities is to implement the zero discount policy on its behalf, with any ordinary shares purchased to be held in treasury. Background to the zero […]
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28 Apr 2021 4 min read
M&G Credit Income performance exceeds original 2018 IPO target
M&G Credit Income (MGCI) reported annual results to 31 December 2020, noting that it had exceeded the level of performance originally targetted following its launch in November 2018. Chairman, David Simpson, said: “This target was to achieve an annualised dividend yield of LIBOR plus 2.5% (on the 100p issue price) from launch until 31 December 2019 […]
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04 Jun 2020 1 min read
QuotedData’s morning briefing 4 June 2020
In QuotedData’s morning briefing 4 June 2020: Securities Trust of Scotland served notice on Martin Currie after it found out that Mark Whitehead (the portfolio manager) had resigned from Martin Currie – he leaves on 1 December 2020. “The board will be undertaking a review of its management arrangements, which process will include Martin Currie, and […]
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04 May 2020 1 min read
Jeremy Richards to leave M&G Credit Income
M&G Credit Income (MGCI) has announced that lead fund manager, Jeremy Richards, will shortly leave the company for personal reasons. His position will be taken by Adam English, who is currently deputy fund manager. In a statement, the company said: “The board is grateful to Jeremy for his work on the portfolio since inception and is delighted […]
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19 Feb 2020 1 min read
QuotedData’s other news 19 February 2020
In QuotedData’s other news 19 February 2020 JPMorgan Japan Smaller (JPS) is cutting its management fee – from 1st April 2020, the fee will be charged at 1% on the NAV up to £150m and 0.75% (previously 0.80%) thereafter. Additionally, the £200,000 a year company secretarial fee will be removed from the same date. This is estimated […]
Upcoming Events
Videos
In The Press
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09 May 2025 1 min read
The outlook for debt investment trusts
Holly McKechnie, Investors Chronicle, May 9, 2025: Debt investors face two major challenges: interest rate risk and credit risk. Given the current political and economic landscape, it would be understandable to be nervous about both. However, for savvy investors there are still opportunities in this esoteric sector.. Many debt trusts focus on private credit – […]
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16 Jan 2025 1 min read
Questor on M&G Credit Income
Questor on M&G Credit Income – This trust offers a yield more than three times greater than inflation It might be young and small, but a diverse portfolio with balanced risk keeps this trust in demand Government borrowing costs are rising both here and in the US, but for slightly different reasons. In the US, the […]
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21 Aug 2024 1 min read
Debt funds’ new lease on life
By James Carthew, QuotedData, 20 August 2024: The 0.25% reduction in the Bank of England base rate on 31 July may not sound much but it marked the first interest rate cut in four years and signalled that the UK’s bout of elevated inflation that began in April 2021 was finally under control. A lot […]
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24 Jun 2021 1 min read
Hunt for alternatives is back on as yields slide
Fixed income experts analyse the opportunities away from government and corporate bonds JENNIFER HILL, 24 June 2021, Citywire Wealth Manager Magazine issue 558 A Treasury sell-off at the beginning of 2021 provided a brief hint that more historically normal yields were on their way. That has faded in recent months as prices once again neared […]
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07 Feb 2019 1 min read
Investment Trust Insider on M&G Credit Income
Investment Trust Insider on M&G Credit Income – James Carthew: M&G hopes lower bond target will still appeal after loan wobble It was not only equity markets that struggled at the end of last year, many debt funds had a torrid time. One of the worst affected has been Marble Point Loan Financing (MPLF). It said […]
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20 Dec 2018 1 min read
2018 new issue review
2018 new issue review – QuotedData’s James Carthew talks to Citywire’s Jen Hill about 2018’s clutch of new issues Investors were given an eclectic mix of opportunities within alternatives, in contrast to recent years when high-yielding propositions drove the vast majority of launches. The return of private equity and private equity like strategies – Augmentum […]
