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Audience

The Company 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 debt-like instruments (‘Debt 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 is targeting an income return of Libor + 2.5% to December 2019 and Libor + 4% thereafter.

The Company has the ability to borrow up to 30% of net asset value although it is expected that it will primarily be managed without borrowing and typically any borrowings will not exceed 20% of net asset value. Any borrowings may magnify any gains or losses made by the Company.

The value of investments will fluctuate, which will cause share prices to fall as well as rise and you may not get back the original amount you invested. There is no guarantee that the Company’s Investment Objective will be achieved.

How to invest
If you would like to subscribe for shares in M&G Credit Income Investment Trust plc, please contact one of the online fund platforms.

Please be advised that the share price quoted is not a live feed and therefore may not reflect the most recent share price, for live share price information please visit the London Stock Exchange website, fund code is MGCI.

Fund updates

Rupert Wooster 13/05/2020

M&G Credit Income Investment Trust webcast

24/09/2018

Online Fund Platforms

We have partnered with the below fund platforms to give you access to the M&G Credit Income Investment Trust. Just click on the link below to view the fund platforms.

 

Literature

  • Literature - M&G Credit Income Investment Trust - COVID-19 - Investment Manager’s Update PDF
  • Company Document - Investor Disclosure Document PDF
  • Literature - M&G Credit Income Investment Trust - Annual Report and Accounts PDF
  • Literature - M&G Credit Income Investment Trust - Interim Report and Accounts PDF
  • Literature - M&G Credit Income Investment Trust - Quarterly review PDF
  • Literature - M&G Credit Income Investment Trust plc - GBP Inc - Key Information Document (UK) PDF
  • Literature - M&G Credit Income Investment Trust - Prospectus PDF
  • Company Document - Terms of Reference - Audit Committee PDF
  • Company Document - Terms of Reference - Management Engagement Committee PDF
  • Company Document - Terms of Reference - Nomination Committee PDF
  • Company Document - Terms of Reference - Remuneration Committee PDF
  • M&G Credit Income Investment Trust - Factsheet (UK) PDF

Fund team

Fund manager tenure from 04/05/2020
Adam English joined M&G Investments in 1999 and is a fund manager for Prudential’s Life and Annuity Funds and the M&G Credit Income Investment Trust. Adam manages investment grade and high yield portfolios across both public and private markets. Before joining M&G, Adam worked for the United Bank of Kuwait. Whilst there, he worked within the credit and high yield departments, with representation on the bank’s Credit Committee. Prior to this, he worked for Price Waterhouse, gaining membership of the Institute of Chartered Accountants in England and Wales. Adam graduated from Christ Church College, Oxford University with a degree in Physics and is a CFA Charterholder.
Robert Whitten joined M&G Investments in 2001 and is a fund manager for Prudential’s Life and Annuity Funds. He has overall responsibility for the main Prudential Life Funds and has day-to-day responsibility for the team. His focus is on euro and sterling-denominated investment grade credit, across public and private markets. Prior to joining M&G, Robert was Senior Assistant Director at Deutsche Asset Management with responsibility for researching, managing and trading all US dollar investment grade credit, including domestic, corporate, eurobonds and asset-backed and mortgage-backed securities. He also managed domestic and international fixed and floating rate portfolios against both government and non-government benchmarks. Robert trained at the London Hospital Medical School.
Yiu-Wai Cheung joined M&G Investments in 2011 and is a fund manager for Prudential’s Life and Annuity Funds. He is responsible for a number of Prudential’s Non-Profit Funds and one of the Annuity Funds. His focus is sterling- denominated investment grade credit across public and private markets. Prior to joining the team, Yiu-Wai was Portfolio Manager at Prudential Portfolio Management Group with responsibility for the investment strategy for the annuity funds and strategic hedging for annuity and with-profits funds. Prior to joining M&G Investments, he worked for BNP Paribas Securities Services. Yiu-Wai holds a BSc in Economics from the University of Leicester and is a CFA Charterholder.

Non-executive directors

David Simpson is a qualified solicitor and was a partner at KPMG for 15 years until 2013, culminating as global head of M&A. Before that he spent 15 years in investment banking, latterly at Barclays de Zoete Wedd Ltd. He is chairman of Ecofin Global Utilities and Infrastructure Trust plc; a non-executive director of the British Geological Survey; and a non-executive director of ITC Limited, a major listed Indian company. David graduated from Cambridge University with a degree in Economics and Law.
Richard Boléat is a Fellow of the Institute of Chartered Accountants in England & Wales, having trained with Coopers & Lybrand in Jersey and the United Kingdom. After qualifying in 1986, he subsequently worked in the Middle East, Africa and the UK for a number of commercial and financial services groups before returning to Jersey in 1991. He was formerly a Principal of Channel House Financial Services Group from 1996 until its acquisition by Capita Group plc (“Capita”) in September 2005. Richard led Capita's financial services client practice in Jersey until September 2007, when he left to establish Governance Partners, L.P., an independent corporate governance practice. He currently acts as Chairman of CVC Credit Partners European Opportunities Limited, Phaunos Timber Fund Limited and Funding Circle SME Income Fund Limited, all of which are listed on the London Stock Exchange. He is regulated in his personal capacity by the Jersey Financial Services Commission and is a member of AIMA.
Mark Hutchinson joined M&G in 1997 as Head of the Private Finance Group and has overseen the start of a number of activities including Private Placements, Leveraged Finance, Project & Infrastructure Finance and Structured Credit. In addition, he started the initiative for purchasing properties with long leases for Prudential’s annuity funds in 2000. He continues to be involved in the development and growth of private assets within M&G.
Barbara Powley is a chartered accountant with over 30 years’ experience in the investment trust industry. Prior to her retirement in March 2018 she was a director in BlackRock’s closed end funds team from 2005 with responsibility for the oversight and administration of BlackRock’s stable of investment trusts. From 1996 to 2005 she had a similar role at Fidelity. Barbara graduated from the University of York with a degree in Mathematics and Economics. She brings to the board her extensive knowledge of the investment trust sector and its regulatory requirements.

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