4th Jun 2020 14:58
(Alliance News) - M&G Credit Income Investment Trust PLC on Thursday said it has raised GBP14.3 million pursuant to the placing.
Accordingly, the investment company said it will issue a total of 14.8 million shares at the placing price of 97.0 pence each.
The stock was trading 0.3% lower in London on Thursday at 98.16p a share, giving M&G Credit a market capitalisation of GBP127.6 million.
The net proceeds of the placing will be invested in accordance with the company's investment policy, it said, and to take advantage of the significant opportunities that the company's investment manager is seeing in the private debt markets.
Following the admission, the company will have 144.8 million shares overall.
By Evelina Grecenko; [email protected]
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M&g Credit Inc.