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About the company
M&G Credit Income Investment Trust plc is a United Kingdom-based investment trust. The Company’s investment objective is to generate a regular and attractive level of income with low asset value volatility. The Company seeks to generate income from a diversified credit portfolio, whilst seeking to preserve investor’s capital through low net asset value (NAV) volatility. The Company invests 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 invests primarily in Sterling-denominated Debt Instruments. Where the Company invests in assets not denominated in Sterling, it is generally the case that these assets are hedged back to Sterling. Its investment manager is M&G Alternatives Investment Management Limited.
- Revenue in GBP (TTM)15.19m
- Net income in GBP13.31m
- Incorporated2018
- Employees0.00
- LocationM&G Credit Income Investment Trust plc6th Floor, 65 Gresham StreetLONDON EC2V 7NQUnited KingdomGBR
Profile
| Management group(s) | M&G ALTERNATIVE INVESTMENT MANAGEMENT LIMITED |
|---|---|
| AIC sector | Debt - Loans & Bonds |
| ISIN | GB00BFYYL325 |
| Launch date | 14 Nov 2018 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To generate a regular and attractive level of income with low asset value volatility by investing in diversified portfolio of public and private debt and debt-like 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.
Managed by
| Robert Whitten, Adam English, Yiu Wai Cheung |
|---|
Management & contract fees
The management Fee is calculated at the rate of 0.70% p.a. of the Company’s NAV.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Weiss Korea Opportunity Fund Ltd | -2.31m | -6.45m |
| Northern 2 VCT plc | 5.87m | 3.21m |
| Octopus AIM VCT plc | -21.82m | -24.88m |
| Foresight Sustainable Forestry Cmpny PLC | -8.67m | -11.34m |
| Northern 3 VCT PLC | 5.86m | 3.16m |
| Albion Development VCT PLC | 8.80m | 5.75m |
| VPC Specialty Lending Investments PLC | -10.18m | -25.83m |
| CQS Natural Rsrcs Grwth Inc PLC | -9.74m | -13.69m |
| Majedie Investments plc | 3.51m | -824.00k |
| M&G Credit Income Investment Trust PLC | 15.19m | 13.31m |
| Us Solar Fund PLC | -28.31m | -33.90m |
| Albion Technology & General VCT PLC | 7.68m | 4.35m |
| Record Plc | 44.10m | 9.86m |
| Keystone Positiv Chng Invstmnt Trust PLC | 7.45m | 4.79m |
| Albion Enterprise VCT PLC | 4.76m | 1.65m |
| Chenavari Toro Income Fund Ltd | 22.15m | 18.03m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| M&G Investment Management Ltd.as of 31 Dec 2022 | 38.83m | 27.56% |
| Schroder & Co. Ltd.as of 30 Jun 2023 | 13.72m | 9.74% |
| Alder Investment Management Ltd.as of 31 Dec 2022 | 7.88m | 5.59% |
| Brewin Dolphin Ltd.as of 31 Dec 2022 | 7.11m | 5.04% |
| SG Kleinwort Hambros Bank Ltd.as of 31 Dec 2022 | 5.73m | 4.07% |
| BlackRock Investment Management (UK) Ltd.as of 30 Apr 2024 | 1.20m | 0.85% |
| Vanguard Global Advisers LLCas of 31 Jan 2024 | 775.87k | 0.55% |
| GHC Capital Markets Ltd.as of 31 Jan 2024 | 610.81k | 0.43% |
| Legal & General Investment Management Ltd.as of 28 Mar 2024 | 469.48k | 0.33% |
| FIL Investments Internationalas of 31 Mar 2024 | 191.73k | 0.14% |
