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Carlyle Credit Income Fund - CCIF STOCK NEWS

Welcome to our dedicated page for Carlyle Credit Income Fund news (Ticker: CCIF), a resource for investors and traders seeking the latest updates and insights on Carlyle Credit Income Fund stock.

Carlyle Credit Income Fund (NYSE: CCIF) is a non-diversified, closed-end management investment company primarily focused on generating current income, with a secondary aim of capital appreciation. Managed externally by Carlyle Global Credit Investment Management L.L.C. (CGCIM), a subsidiary of Carlyle, the Fund invests mainly in equity and junior debt tranches of collateralized loan obligations (CLOs). These CLOs are backed by a variety of below-investment-grade U.S. senior secured loans, spread across numerous borrowers in different industry sectors.

Recently, CCIF has fully deployed its portfolio into diversified CLO investments, leveraging Carlyle's extensive expertise as one of the world's leading CLO managers. This strategic move aims to align with the Fund's objectives and enhance returns for its investors. As of September 30, 2023, the Fund reported a net investment income of $0.13 per common share from the transition, and a subsequent increase in net asset value per common share by 1.8% to $8.27. The total fair value of investments stood at $93.9 million.

Additionally, CCIF declared a monthly dividend of $0.0994 per share for December 2023, January, and February 2024, translating to an annualized yield of 15.76%. The Fund also declared dividends on its 8.75% Series A Term Preferred Shares at $0.1823 per share for the same period.

Continuing its positive trajectory, CCIF announced its first-quarter financial results for 2024, with net investment income of $0.24 per common share and a net asset value of $7.99 per common share as of December 31, 2023. The Fund declared a higher monthly common dividend of $0.1050 per share for March, April, and May 2024, representing an annualized yield of 15.91%.

Looking further into 2024, CCIF maintained strong financial performance into the second quarter, with net investment income of $0.33 per common share and total fair value of investments at $142.1 million as of March 31, 2024. The Fund continued its dividend policy, declaring $0.1050 per share for June, July, and August 2024, reflecting an annualized yield of 15.95%.

Investors can join upcoming conference calls to discuss financial results and strategic updates. The next call is scheduled for May 30, 2024, at 10:00 a.m. EDT. For more detailed information and to access the conference call recording, visit Carlyle Credit Income Fund's website.

Rhea-AI Summary

Carlyle Credit Income Fund (NYSE: CCIF) announced its second quarter 2024 financial results for the period ending March 31, 2024. Key highlights include deploying the remaining proceeds from the preferred stock offering into new CLO equity positions, yielding a weighted average GAAP yield of 19.4%, and an aggregate portfolio yield of 20.8%. The fund maintained a monthly dividend of $0.1050 per share, representing a 15.95% annualized yield based on the May 28, 2024, share price. Net investment income was $0.33 per common share, with a net asset value of $7.88 per share. The total fair value of investments stood at $142.1 million. Additionally, the Fund sold 570,000 common shares, generating net proceeds of $4.5 million.

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Carlyle Credit Income Fund (CCIF) will release its second quarter 2024 financial results on May 29, 2024, followed by an investor conference call on May 30, 2024, at 10:00 a.m. EDT. The call will be accessible via webcast on CCIF's website.

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Carlyle Credit Income Fund (CCIF) announces strong financial results for the first quarter of 2024, including a successful deployment of over $40 million in CLO equity positions, an increased monthly dividend to 10.5 cents per share, and the issuance of 8.75% Series A Term Preferred Stock.
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Carlyle Credit Income Fund (CCIF) will release its financial results for the first quarter of 2024 on February 29, 2024. The conference call to discuss the results will be held on March 1, 2024, at 10:00 a.m. EDT and will be available via public webcast on CCIF's website.
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Carlyle Credit Income Fund (CCIF) reported its financial results for the fourth quarter and full year 2023, ending September 30, 2023. The Fund's successful transition plan included Carlyle Global Credit Investment Management LLC becoming the investment advisor, deployment of cash proceeds into a diverse pool of CLO equity, and a monthly dividend of $0.0994 per share. CCIF also declared dividends on its 8.75% Series A Term Preferred Shares. Net investment income for the fourth quarter of 2023 was $(0.14) per common share due to non-recurring expenses, but increased to $0.13 per common share from July 14, 2023, to September 30, 2023. The total fair value of investments was $93.9 million as of September 30, 2023.
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Carlyle Credit Income Fund (CCIF) has announced the pricing of an offering of an additional 800,000 8.75% Series A Preferred Shares due 2028, resulting in net proceeds of approximately $19.3 million. The Preferred Shares are rated 'BBB+' by Egan-Jones Ratings Company, an independent rating agency.
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Carlyle Credit Income Fund (CCIF) to Announce Q4 and Full Year 2023 Financial Results
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Carlyle Credit Income Fund Announces Pricing of Public Offering of Preferred Shares
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Carlyle Credit Income Fund announces underwritten public offering of Series A Preferred Shares
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Carlyle Credit Income Fund (CCIF) completes transition plan ahead of schedule, increasing dividend to 14.0% annualized yield. Net asset value increases to $8.52. Monthly dividends of $0.0994 per share declared for September, October, and November 2023.
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FAQ

What is Carlyle Credit Income Fund's primary investment objective?

The Fund's primary objective is to generate current income, and its secondary objective is to achieve capital appreciation.

What does Carlyle Credit Income Fund mainly invest in?

CCIF primarily invests in equity and junior debt tranches of collateralized loan obligations (CLOs).

Who manages Carlyle Credit Income Fund?

The Fund is managed externally by Carlyle Global Credit Investment Management L.L.C., a subsidiary of Carlyle.

What was the net investment income for the fourth quarter of 2023?

The net investment income for the fourth quarter of 2023 was $0.13 per common share.

What dividend did CCIF declare for December 2023?

CCIF declared a monthly dividend of $0.0994 per share for December 2023.

When will CCIF release its second-quarter 2024 financial results?

CCIF will release its second-quarter 2024 financial results after market close on May 29, 2024.

What was the net asset value per common share as of December 31, 2023?

The net asset value per common share was $7.99 as of December 31, 2023.

How can investors participate in the conference calls?

Investors can register for the conference calls via links available on Carlyle Credit Income Fund's website.

What is the annualized yield of the monthly dividend declared in March 2024?

The monthly dividend declared in March 2024 represents an annualized yield of 15.91%.

Where can I find the detailed presentation of CCIF's financial results?

Detailed presentations of CCIF's financial results can be viewed on the Fund's investor dashboard on its website.

Carlyle Credit Income Fund

NYSE:CCIF

CCIF Rankings

CCIF Stock Data

100.75M
12.33M
0.19%
96.9%
0.09%
Securities and Commodity Exchanges
Finance and Insurance
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United States of America
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