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Vertical Capital Income Fund (NYSE: VCIF) held its Annual Meeting of Shareholders on September 28, 2022, where Robert J. Boulware was re-elected as trustee. The Fund also addressed the impact of Hurricane Ian, which affected properties securing 29 loans in 11 Florida counties, leading to an initial 35% valuation reduction of impacted loans and an estimated 2.23% decrease in net asset value. The Fund distributed $0.0710 per share to shareholders on September 20, 2022, reflecting its managed distribution plan. Investors should consider potential future impacts on property values due to the hurricane.
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Vertical Capital Income Fund (VCIF) has scheduled its Annual Meeting of Shareholders for September 28, 2022, at 10:00 a.m. ET in Columbus, Ohio. Shareholders on record as of August 31, 2022, are entitled to vote. A notice will be sent to shareholders around September 12, 2022. The meeting will involve the re-election of a Trustee and other business matters. VCIF, a closed-end fund listed on NYSE, focuses on generating monthly income through investments in non-agency residential loans. Investors should consider risks associated with fund investments.
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