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 reports recurring developments for an externally managed closed-end fund focused on equity and junior debt tranches of collateralized loan obligations. Its portfolio exposure is tied to CLOs backed primarily by U.S. senior secured loans across many underlying borrowers and industry sectors, with Carlyle Global Credit Investment Management L.L.C. serving as investment adviser.
Company news commonly covers quarterly and annual financial results, investor conference calls, monthly common and preferred dividends, net investment income coverage, CLO portfolio resets and refinancings, selective capital deployment, net asset value context, and capital-structure actions involving common and preferred shares.
Carlyle Credit Income Fund (NYSE: CCIF) has announced two significant financial moves. Firstly, the Fund is issuing approximately 11,517 shares of 7.125% Series B Convertible Preferred Shares due August 2029, expecting to raise about $10.6 million. These shares pay a quarterly dividend at a fixed annual rate of 7.125% and are convertible to common shares after six months. Secondly, CCIF is conducting a registered direct placement of 1,444,865 Common Shares at $7.9592 per share, aiming to raise approximately $11.5 million. Both offerings are expected to close around August 27, 2024. The Fund plans to use the proceeds to acquire investments, make distributions to shareholders, and for general working capital purposes.
Carlyle Credit Income Fund (NYSE: CCIF) announced its Q3 2024 financial results, highlighting several achievements. The Fund funded $12.2 million in new CLO investments with a weighted average GAAP yield of 19.49%. The aggregate portfolio weighted average GAAP yield was 20.26% as of June 30, 2024. CCIF maintained its monthly dividend of 10.5 cents through November 2024, equating to a 14.81% annualized dividend based on the share price or 16.49% based on NAV. The Fund sold 680,000 common shares via its ATM program, raising $5.5 million. Net investment income was $0.32 per common share, and NAV per common share was $7.68 as of June 30, 2024. The total fair value of investments stood at $138.0 million.
Carlyle Credit Income Fund (NYSE: CCIF) has announced its schedule for releasing Q3 2024 financial results and hosting an investor conference call. The Fund will release its financial results after market close on Wednesday, August 21, 2024. Following this, CCIF will host a conference call at 10:00 a.m. EDT on Thursday, August 22, 2024, to discuss the results. Investors and interested parties can access the call via a public webcast available on the Fund's website at www.carlylecreditincomefund.com. The webcast recording will also be available on the website shortly after the call concludes.
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.
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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