Saba Capital Applauds Vertical Capital Income Fund’s Transaction with Carlyle Global Credit Investment Management

Saba Capital Management has expressed support for the proposed transaction between Vertical Capital Income Fund (NYSE: VCIF) and Carlyle Global Credit Investment Management.

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01/12/2023 - 05:45 PM EST

NEW YORK--(BUSINESS WIRE)-- Saba Capital Management, L.P. and certain associated parties (collectively “Saba” or “we”) today declared its support for the announced transaction between Vertical Capital Income Fund (NYSE: VCIF) (“VCIF” or the “Fund”) and Carlyle Global Credit Investment Management (“Carlyle”).

Pierre Weinstein, Partner at Saba, commented:

“Saba appreciates the Fund’s Board engaging in the process to find a new advisor for VCIF. We believe the transaction presents attractive opportunities for all shareholders, including through the planned tender offer. It is a positive development for closed-end fund investors that a manager of Carlyle’s high caliber is entering the space.”

About Saba Capital

Saba Capital Management, L.P. is a global alternative asset management firm that seeks to deliver superior risk-adjusted returns for a diverse group of institutional clients. Founded in 2009 by Boaz Weinstein, the Firm is a pioneer of credit relative value and capital structure trading. The Firm is headquartered in New York City. Learn more at www.sabacapital.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230112005864/en/

Longacre Square Partners
Greg Marose / Kate Sylvester, 646-386-0091
gmarose@longacresquare.com / ksylvester@longacresquare.com

Source: Saba Capital Management, L.P.

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