MEQI M&G EQ.IT Inc.

 
TIDMMEQI 
 
M&G Equity Investment Trust P.L.C. 
 
Proposed Reconstruction 
 
The Board of M&G Equity Investment Trust P.L.C. (the "Company") is proposing to 
put forward proposals to coincide with its scheduled winding-up date of 8 March 
2011. 
 
Under the proposals, the Company will be wound up and its shareholders will be 
offered the choice of the following: 
 
<li> a tax and cost efficient rollover into new shares to be issued by M&G High 
Income Investment Trust P.L.C. ("M&G High Income"); 
 
<li> a full cash exit (at liquidation value); and 
 
<li> an investment in at least one open-ended investment company managed by M&G 
Investment Management Limited, the Company's investment manager. 
 
M&G High Income is listed in London, managed by the same investment team at M&G 
as the Company and has both a similar investment objective and structure (being 
closed-ended and split capital). The Company currently has gross assets of  GBP198 
million whilst M&G High Income has gross assets of  GBP232 million and has a 
winding-up date of 17 March 2017. As part of the proposals, M&G will make a 
significant commitment in relation to the costs of the proposals. 
Further precise details of the scheme are expected to be announced in January 
2011. 
 
Enquiries: 
 
Robert Peel, Winterflood Securities, 020 3100 0291 
 
Robin Archibald, Winterflood Securities, 020 3100 0290 
 
 
[HUG#1439944] 
 
 
 
 
 
 
 
 
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All reproduction for further distribution is prohibited. 
 
Source: M&G Equity Investment Trust PLC via Thomson Reuters ONE 
 

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