M&G Credit Income Investment Trust Completes Equity Placing
Why we think this is neutral
The RNS indicates a completion of an equity placing, which is a neutral event as it does not provide any significant new information about the company's performance or outlook.
Key Points
- Completion of 500,000 ordinary share placing
- Shares issued at 96.10 pence per share
- Total ordinary shares in issue now 185,793,740
Summary
The investment trust has completed an equity placing, raising additional capital.
M&G Credit Income Investment Trust plc (MGCI) has announced the completion of a 500,000 ordinary share placing at a price of 96.10 pence per share. The new shares will rank pari passu with the existing ordinary shares. The total number of ordinary shares in issue now stands at 185,793,740.
PLACING