M&g Credit Inc. Share Price (MGCI)

Slight recovery possibly due to UK 10Y Gilt at 4.81% down from 5.1 recently

At close of business on 28th February 2026, the unaudited cum-income net asset value per ordinary share was 91.72 pence.

The RNS out today is very clear on the extent of exposure to the “private credit” story. Looks like a chance to add to positions.

M&G Credit Income Investment Trust plc (the “Company”) is pleased to announce a retail offer of new ordinary shares in the Company ("Ordinary Shares") via the Winterflood Retail Access Platform (“WRAP”) (the “WRAP Retail Offer”).

The WRAP Retail Offer is being undertaken alongside a placing (the “Placing”) of Ordinary Shares as announced earlier today. The new Ordinary Shares to be issued in connection with the WRAP Retail Offer and the Placing will be issued pursuant to the Company’s existing shareholder authorities granted at the Company’s general meeting held on 27 February 2025. Any Ordinary Shares issued pursuant to the Placing and WRAP Retail Offer will be issued at a price equal to a 1.0% premium to the last published cum-income NAV per Ordinary Share prior to the Placing close (the “Issue Price”). The Issue Price is expected to be announced on 18 March 2025. For the avoidance of doubt, the WRAP Retail Offer is not part of the Placing. The new Ordinary Shares will not be subject to stamp duty.

So for this one, it will remain relatively stable as it is income hunters. If anything wanting % rates to stay high. Might miss out on capital gain rise on rate cut if divi tracks.