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Proposed reconstruction of M&G Recovery

15 Dec 2008 14:29

M&G High Income Investment Trust PLC ("M&G High") Participation in the proposed reconstruction of M&G Recovery Investment Company Limited

The Board of M&G High is in discussions with the Board of M&G Recovery Investment Company Limited ("M&G Recovery") which is intending to put forward proposals to coincide with its scheduled wind up date of 31 March 2009.

Under the proposals, M&G Recovery will be wound up and its shareholders will be offered the choice of a tax and cost efficient roll-over into new shares to be issued by M&G High, a full cash exit (at liquidation value) and at least one open-ended investment company managed by M&G, the manager of M&G High and M&G Recovery.

M&G Recovery currently has gross assets of ‚£124 million whilst M&G High has gross assets of ‚£141 million and has a wind up date of 17 March 2017. Both companies are managed by the same investment team at M&G, have similar investment objectives and are split capital investment companies.

Precise details of the proposals will be announced in February 2009.

Enquiries:

Robin Archibald Winterflood Securities 020 3100 0290

Robert Peel Winterflood Securities 020 3100 0291

M & G HIGH INCOME INVESTMENT TRUST PLC
Date   Source Headline
2nd Sep 20084:40 pmPRNNet Asset Value(s)
29th Aug 20086:12 pmPRNPortfolio Update
29th Aug 20085:01 pmPRNNet Asset Value(s)
28th Aug 20083:32 pmPRNNet Asset Value(s)
27th Aug 20085:11 pmPRNNet Asset Value(s)
26th Aug 20084:01 pmPRNNet Asset Value(s)
22nd Aug 20083:30 pmPRNNet Asset Value(s)
21st Aug 20083:53 pmPRNNet Asset Value(s)
20th Aug 20085:14 pmPRNNet Asset Value(s)
19th Aug 20085:50 pmPRNNet Asset Value(s)
18th Aug 20084:32 pmPRNNet Asset Value(s)
15th Aug 20084:56 pmPRNNet Asset Value(s)
13th Aug 20084:32 pmPRNNet Asset Value(s)
12th Aug 20084:03 pmPRNNet Asset Value(s)
11th Aug 20084:27 pmPRNNet Asset Value(s)
8th Aug 20084:04 pmPRNNet Asset Value(s)
7th Aug 20084:50 pmPRNNet Asset Value(s)
7th Aug 200812:13 pmPRNProposed Amendments to Articles of Association
6th Aug 20084:41 pmPRNNet Asset Value(s)
5th Aug 20084:23 pmPRNNet Asset Value(s)
4th Aug 20084:50 pmPRNNet Asset Value(s)
1st Aug 20084:59 pmPRNNet Asset Value(s)
31st Jul 20084:59 pmPRNNet Asset Value(s)
30th Jul 20084:52 pmPRNNet Asset Value(s)
29th Jul 20085:03 pmPRNNet Asset Value(s)
28th Jul 20084:32 pmPRNNet Asset Value(s)
25th Jul 20084:10 pmPRNNet Asset Value(s)
24th Jul 20085:25 pmPRNNet Asset Value(s)
24th Jul 200811:52 amPRNFinal Results
23rd Jul 20083:52 pmPRNNet Asset Value(s)
15th Jul 20084:36 pmPRNNet Asset Value(s)
14th Jul 20084:36 pmPRNNet Asset Value(s)
14th Jul 20084:35 pmPRNNet Asset Value(s)
11th Jul 20083:48 pmPRNNet Asset Value(s)
10th Jul 20084:41 pmPRNNet Asset Value(s)
9th Jul 20084:28 pmPRNNet Asset Value(s)
8th Jul 20084:14 pmPRNNet Asset Value(s)
7th Jul 20085:02 pmPRNNet Asset Value(s)
4th Jul 20084:00 pmPRNNet Asset Value(s)
3rd Jul 20084:00 pmPRNNet Asset Value(s)
2nd Jul 20084:35 pmPRNNet Asset Value(s)
1st Jul 20085:22 pmPRNNet Asset Value(s)
30th Jun 20086:07 pmPRNNet Asset Value(s)
27th Jun 20084:46 pmPRNNet Asset Value(s)
26th Jun 20085:04 pmPRNNet Asset Value(s)
25th Jun 20085:27 pmPRNNet Asset Value(s)
24th Jun 20084:53 pmPRNNet Asset Value(s)
24th Jun 20089:59 amPRNProposed reconstruction of M&G Income
23rd Jun 20084:56 pmPRNNet Asset Value(s)
19th Jun 20085:02 pmPRNNet Asset Value(s)

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