M&G Recovery & Value Trust plc is a closed-end investment company listed on the London Stock Exchange. Domiciled in Guernsey and managed by M&G Investment Management, the trust seeks to deliver long-term total returns by investing in undervalued companies that exhibit potential for operational or financial recovery. Its shares trade under the ticker MRV.
The trust’s core strategy centers on a concentrated portfolio of primarily mid- and large-capitalization equities, supplemented on occasion by debt instruments, across developed markets. While there is a strong bias toward UK-listed businesses, the investment team also considers opportunities in North America and continental Europe. Portfolio construction emphasizes rigorous fundamental analysis, with each selected company demonstrating clear value characteristics and pathways to improved profitability or balance-sheet strength.
Investment decisions are driven by bottom-up research conducted by M&G’s global equities unit, drawing on sector specialists and centralised valuation frameworks. The team focuses on identifying catalysts—such as management changes, restructuring initiatives or favourable macroeconomic shifts—that can unlock shareholder value over a multi-year horizon. Position sizes are typically modest, reflecting the trust’s preference for high-conviction holdings and ongoing portfolio monitoring.
The trust is overseen by an independent board of directors with extensive experience in investment management, corporate governance and financial services. Since its launch in 2007, M&G Recovery & Value Trust has built a track record of navigating market cycles and capitalizing on dislocations, leveraging M&G’s broader research capabilities to pursue undervalued recovery stories on behalf of its investors.
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