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M&G Income Inv. Co (MIV)

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Monday 01 September, 2008

M&G Income Inv. Co

Dividend Declaration


1st September 2008

M&G Income Investment Company Limited

Tenth Interim Dividend

M&G Income Investment Company Limited announces today that it was resolved to
declare a tenth interim dividend of 1.60p per Ordinary Share, in respect of the
period ending 31 August 2008, to be paid on 02 October 2008 to Ordinary
shareholders on the register at the close of business on 12 September 2008.
 The ex dividend date is 10 September 2008.  Package Unit holders will receive
a dividend of 3.20p per Package Unit, which comprises of one Zero Dividend
Share and two Ordinary Shares.

In anticipation of the Company's winding up on 31st October 2008, the proposed
tenth interim dividend payment of 1.60 pence represents a distribution of the
majority of the revenue reserves of the Company for the benefit of the current
Ordinary Shareholders. The total dividend for the financial year to date is
3.28 pence (6.56 pence per Package Unit). A final interim dividend payment,
representing the best estimate of the remaining revenue profits of the Company
available for distribution prior to the Company's winding up, is expected to be
announced on 16th October 2008 and to be paid on 29 October 2008.


Company Secretary

Kleinwort Benson (Channel Islands) Fund Services Limited

01481 727111


                                                                                                                                                                                                                                               

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