MEQI M&G EQ.IT Inc.

 
TIDMMEQI 
 
20 December 2010 
 
M&G Equity Investment Trust P.L.C. ('M&G Equity)-Loan Redemption 
 
The Board of M&G Equity has today agreed to redeem the remaining  GBP40m of the 
7.376% Debenture Stock 2011 ('the Debenture'), at a cost of approximately 
 GBP40.136m, a premium of approximately 0.34 % over par value. This will be funded 
from cash reserves and proceeds from the sale of certain of the Company's equity 
and fixed income holdings and will be effected by close of business on 15 
February 2011. 
 
Whilst the Debenture is due to be repaid at par on 7 March 2011, the Board has 
decided to exercise the option under the Trust Deed governing the Debenture to 
redeem early in readiness for the Company's expected winding up in March 2011 
given that, under the current low interest environment, the costs of such early 
repayment under the above mentioned provisions of the Trust Deed will be 
exceeded by the resulting saving in Debenture interest costs of  GBP180,000. These 
savings will accrue to capital and income reserves respectively in the 
proportion 70:30. 
 
In  accordance with Statement  of Recommended Practice:  Financial Statements of 
Investment  Trust Companies and Venture Capital  Trusts 2009, the premium to par 
value will be charged to capital reserves. 
 
 
 
Jonathan McClelland 
Company Secretary 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: M&G Equity Investment Trust PLC via Thomson Reuters ONE 
 
[HUG#1474152] 
 

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