M&G High Income Investment Trust P.L.C.
Nick Evans
Fund manager: Nick Evans
Products available: ISA
Package Units: The aim is to provide both an above average and growing income with capital growth over the 20 year life of the company. Income and Growth Units: The income and growth units aim to provide a higher yield than package units with the prospect of growing income and capital growth. The expected winding-up date for the company is 17 March 2017.
Nick Evans joined M&G in May 2006 as a UK equity income fund manager. He is also Head of Investment Trusts, with overall fund management responsibility for the investment trust portfolios that M&G manages. In 1982, Nick joined British Steel Pension Fund as an investment analyst. He moved to Morgan Grenfell Investment Management in 1985, was made Head of Research in 1988 and assumed responsibility for the management of the UK pension funds in 1990. The following year, Deutsche Asset Management acquired Morgan Grenfell and Nick was appointed managing director of equities at Deutsche Asset Management in 2002. In this position, Nick managed the equity component of the UK pension funds, as well as the CAF Charity Fund and the DWS Blue Chip Fund. In 1982, Nick graduated from Oriel College, Oxford, with a BA honours in modern history.
In addition to the fund data that can be found by accessing the menu to the left of this page you may also wish to read the key features document which contains further information.
As part of the business to be transacted at the Annual General Meeting of the Company to be held on 7 September 2010, the directors are asking shareholders to approve a number of amendments to the Company's current Articles of Association, primarily to take account of changes brought about by the Companies Act 2006 and the Shareholders' Rights Directive. A copy of the proposed Articles showing all of the differences between the current Articles and the changes proposed by Special Resolution 9 of the Notice of Annual General Meeting is attached below:
Articles of Association (354 KB)
Annual Report and Financial Statements for the year ended 31 May 2010
M&G High Income Investment Trust P.L.C. announces that at its Separate General Meetings and Annual General Meeting held earlier today, all resolutions were duly passed and the results of the voting are as follows:
Separate General Meeting of the holders of Zero Dividend Preference Shares:
| Special resolution | For | Against | Abstentions |
| Renewal of authority for purchase of own shares | 11,486,844 | 356,314 | 29,942 |
Separate General Meeting of the holders of Income Shares:
| Special resolution | For | Against | Abstentions |
| Renewal of authority for purchase of own shares | 10,545,631 | 495,275 | 777,459 |
Separate General Meeting of the holders of Capital Shares:
| Special resolution | For | Against | Abstentions |
| Renewal of authority for purchase of own shares | 10,783,809 | 484,110 | 2,033,201 |
Annual General Meeting:
| . | Ordinary Business | For | Against | Abstentions |
| 1. | To receive the Directors' Report and the Financial Statements | 24,784,155 | 109,148 | 1,134 |
| 2. | To approve the Directors' Remuneration Report | 21,037,279 | 2,734,894 | 18,384 |
| 3. | To re-elect Mr F C Carr as a director | 23,170,533 | 1,005,506 | 8,296 |
| 4. | To re-elect Mr D P Jane as a director | 23,182,245 | 993,904 | 9,430 |
| 5. | Tp re-elect Mr G A J Murray as a director | 23,163,083 | 948,384 | 46,152 |
| 6. | To re-appoint PricewaterhouseCoopers LLP as auditor and to authorise the Directors to determine their remuneration | 23,777,701 | 740,700 | 14,408 |
| . | Special Business | . | . | . |
| 7. | Renewal of authority to allot relevant securities | 23,191,239 | 1,069,382 | 23,526 |
| 8. | Renewal of authority for purchase of own shares | 23,986,521 | 628,436 | 21,008 |
M&G High Income Investment Trust plc announces that at its Shareholder Meetings held earlier today, all resolutions were duly passed and the results of the voting are as follows:
General Meeting of the holders of Capital Shares:
| Special Resolution | For | Against | Witheld | |
| 1. | To approve the passing of Resolution 2 set out in the Notice of the Extraordinary General Meeting of the Company. | 34,444,438 | 354,681 | 842,867 |
General Meeting of the holders of Income Shares:
| Special Resolution | For | Against | Witheld | |
| 1. | To approve the passing of Resolution 2 set out in the Notice of the Extraordinary General Meeting of the Company. | 42,454,054 | 623,148 | 1,004,497 |
General Meeting of the holders of Zero Dividend Shares:
| Special Resolution | For | Against | Witheld | |
| 1. | To approve the passing of Resolution 2 set out in the Notice of the Extraordinary General Meeting of the Company. | 46,861,079 | 442,198 | 969,568 |
Extraordinary General Meeting:
| Special Business | For | Against | Witheld | |
| 1. | To approve the Proposals and to authorise the Directors to allot securities and disapply pre-emption rights pursuant to the Proposals. | 36,340,190 | 365,728 | 820,256 |
| 2. | Subject to the Resolutions at the Capital Shareholders’ General Meeting, the Income Shareholders’ General Meeting and the Zero Dividend Shareholders’ General Meeting being passed, to authorise the Directors to make market purchases of up to 14.99 per cent. of the Company’s current issued share capital, or should Resolution 1 be passed, the Company’s issued share capital after implementation of the Proposals. | 36,480,798 | 310,063 | 735,313 |
| 3. | Subject to Resolution 1 being passed, to authorise the Directors to allot shares other than for the purposes of the Proposals under Section 80 of the Companies Act 1985 and to disapply pre-emption rights under Section 89(1) of the Companies Act 1985. | 35,977,218 | 454,771 | 1,094,185 |