M&G High Income Investment Trust PLC : GM Statemen
Post# of 301275
9 March 2017
M&G HIGH INCOME INVESTMENT TRUST P.L.C.
Results of the First General Meeting and the General Meetings Result of Elections and Reclassification of Shares
In relation to the recommended proposals for the reconstruction and winding-up of M&G High Income Investment Trust P.L.C. (the "Company") as set out in the circular published by the Company dated 19 January 2017 (the "Circular"), the Company announces the following.
Results of Meetings
At the First General Meeting of the Company and the separate General Meetings of the holders of Income Shares, Capital Shares and Zero Dividend Shares, all resolutions proposed were duly passed.
The full text of the resolutions can be found in the Notices of First General Meeting and the General Meetings contained in the Circular, which is available for viewing at the National Storage Mechanism, which can be located at http://www.morningstar.co.uk/uk/NSM, and on the Company's website, http://www.mandg.co.uk/investor/funds/high-in...ent-trust/
A summary of proxy votes received will also shortly be available on the Company's website.
Result of Elections
Valid elections and deemed elections for the Options were received as follows:
| JPMorgan Elect Managed Growth Shares | JPMorgan Elect Managed Income Shares | JPMorgan Elect Managed Cash Shares | M&G UK Income Distribution Fund R Shares | M&G Strategic Corporate Bond Fund R Shares | M&G Dividend Fund R Shares | Cash | |
| Zero dividend preference shares | 2.9% | 1.3% | 0.9% | 14.9% | 3.0% | 1.3% | 75.7% |
| Income Shares | 1.5% | 1.0% | 0.3% | 14.8% | 0.4% | 1.1% | 80.9% |
| Capital Shares | n/a | n/a | n/a | n/a | n/a | n/a | 100.0% |
| Income & Growth Units | 0.5% | 1.7% | 0.1% | 57.8% | 2.2% | 2.8% | 35.0% |
| Package Units | 1.3% | 0.8% | 0.2% | 81.8% | 2.3% | 2.8% | 10.8% |
(1) Capital Shareholders were not able to elect for securities in the Rollover Funds and, to the extent their Shares have any value (which at present they do not), they will instead receive entitlements in cash.
Reclassification of Shares
An application will be made to the UK Listing Authority to amend the Official List to reclassify the Income Shares, Capital Shares and Zero Dividend Shares as set out below. Please note that the component Shares within existing Income & Growth Units and Package Units will be reclassified individually and there will not be any reclassified Income & Growth Units and Package Units.
| Reclassified Share Class | ISIN | Number of Shares |
| Reclassified Shares with Z1 Rights of 1p each | GB00BDGV4H27 | 4,886,529 |
| Reclassified Shares with Z2 Rights of 1p each | GB00BDGV4J41 | 2,466,549 |
| Reclassified Shares with Z3 Rights of 1p each | GB00BDGV4K55 | 1,261,862 |
| Reclassified Shares with Z4 Rights of 1p each | GB00BDGV4L62 | 134,141,188 |
| Reclassified Shares with Z5 Rights of 1p each | GB00BDGV4M79 | 6,460,504 |
| Reclassified Shares with Z6 Rights of 1p each | GB00BDGV4N86 | 5,531,577 |
| Reclassified Shares with Z7 Rights of 1p each | GB00BDGV4P01 | 95,755,296 |
| Reclassified Shares with I1 Rights of 1p each | GB00BDGV4Q18 | 3,058,243 |
| Reclassified Shares with I2 Rights of 1p each | GB00BDGV4R25 | 2,445,927 |
| Reclassified Shares with I3 Rights of 1p each | GB00BDGV4S32 | 487,713 |
| Reclassified Shares with I4 Rights of 1p each | GB00BDGV4T49 | 150,492,948 |
| Reclassified Shares with I5 Rights of 1p each | GB00BDGV4V60 | 4,420,518 |
| Reclassified Shares with I6 Rights of 1p each | GB00BDGV4W77 | 5,914,150 |
| Reclassified Shares with I7 Rights of 1p each | GB00BDGV4X84 | 83,684,006 |
| Reclassified Shares with C1 Rights of 1p each | GB00BDGV4Y91 | 2,023,056 |
| Reclassified Shares with C2 Rights of 1p each | GB00BDGV4Z09 | 1,785,967 |
| Reclassified Shares with C3 Rights of 1p each | GB00BDGV5021 | 292,969 |
| Reclassified Shares with C4 Rights of 1p each | GB00BDGV5138 | 140,481,136 |
| Reclassified Shares with C5 Rights of 1p each | GB00BDGV5245 | 4,140,209 |
| Reclassified Shares with C6 Rights of 1p each | GB00BDGV5351 | 5,187,677 |
| Reclassified Shares with C7 Rights of 1p each | GB00BDGV5468 | 96,592,491 |
Reclassification is expected to take effect from 8 a.m. on 16 March 2017 and, subsequently, the listing of Reclassified Shares is expected to be suspended at 7:30 a.m. on Friday 17 March 2017.
Notes
Terms used and not defined in this announcement have the meanings given in the Circular unless the context otherwise requires.
For further information, please contact:
| M&G Investments Alexandra Ranson | Info.mghighincome@mandg.co.uk |
| Winterflood Securities Limited Neil Morgan | +44 (0)20 3100 0000 |
(0)
(0)