NEW
YORK, Aug. 10, 2023 /PRNewswire/ -- Carlyle
Credit Income Fund (the "Fund") (NYSE: CCIF) today is pleased to
announce the declaration of a monthly dividend on shares of the
Fund's common stock of $0.0551 per
share, payable on August 31, 2023, to
shareholders of record as of August 21,
2023. The monthly dividend remains in line with the
July 2023 dividend of $0.0551 per share, which represented an
annualized yield of 8.0% based on $8.27 net asset value as of the closing of the
transaction and was paid to shareholders of record on July 31, 2023. The monthly dividend represents an
annualized yield of 8.1% based on the midpoint of Management's
unaudited estimate of the range of net asset value per share
between $8.16 and $8.26 as of July 31,
2023.
CCIF successfully deployed 76.7% of the initial cash proceeds
received from the portfolio sale announced on July 11, 2023, into a diverse pool of equity
tranches of collateralized loan obligations (CLOs). The weighted
average effective yield of our CLO equity investments at cost as of
August 10th, 2023, is
18.7%. Carlyle leveraged its expertise and long-standing
relationships within the CLO industry to deploy this capital on
behalf of CCIF shareholders.
Dividends on common stock are generally paid from net investment
income (regular interest and dividends) and may also include
capital gains and/or a return of capital. The specific tax
characteristics of the dividends will be reported to the
Company's shareholders on Form 1099 after the end of the
2023 calendar year.
Shares of closed-end funds often trade at a discount from
their net asset value. The market price of Fund shares may vary
from net asset value based on factors affecting the supply and
demand for shares, such as Fund dividend rates relative to similar
investments, investors' expectations for future dividend changes,
the clarity of the Fund's investment strategy and future return
expectations, and investors' confidence in the underlying markets
in which the Fund invests. Fund shares are subject to investment
risk, including possible loss of principal invested. No fund is a
complete investment program and you may lose money investing in the
Fund. An investment in the Fund may not be appropriate for all
investors. Before investing, prospective investors should consider
carefully the Fund's investment objective, risks, charges and
expenses. For further details, please visit Carlyle Credit
Income Fund's website at
www.carlylecreditincomefund.com.
This release may contain forward-looking statements relating
to the business and financial outlook of Carlyle Credit Income Fund
that are based on the Fund's current expectations, estimates,
forecasts and projections and are not guarantees of future
performance. There is no assurance that CCIF will achieve its
investment objective. Actual results may differ materially from
those in the forward-looking statements, and you should not place
undue reliance on any such statements. A number of important
factors could cause actual results to differ materially from the
forward-looking statements contained in this release.
About Carlyle Credit Income Fund
Carlyle Credit Income
Fund (NYSE: CCIF) is an externally managed closed-end fund focused
on investing in primarily equity and junior debt tranches of
collateralized loan obligations ("CLOs"). The CLOs are
collateralized by a portfolio consisting primarily of U.S. senior
secured loans with a large number of distinct underlying borrowers
across various industry sectors. With Carlyle (NYSE: CG) as its
investment adviser, CCIF draws upon the significant scale and
resources of Carlyle as one of the world's largest CLO managers.
For more information
visit www.carlylecreditincomefund.com.
About Carlyle
Carlyle (NASDAQ: CG) is a global
investment firm with deep industry expertise that deploys private
capital across three business segments: Global Private Equity,
Global Credit and Global Investment Solutions. With $385 billion of assets under management as of
June 30, 2023, Carlyle's purpose
is to invest wisely and create value on behalf of its investors,
portfolio companies and the communities in which we live and
invest. Carlyle employs more than 2,200 people in 29 offices across
five continents. Further information is available
at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/carlyle-credit-income-fund-ccif-declares-august-2023-dividend-and-announces-july-31-2023-net-asset-value-301898332.html
SOURCE Carlyle Credit Income Fund