Carlyle Credit Income Fund (CCIF) — NAV, Yield, Portfolio Snapshot

Rhea-AI Filing Summary

Carlyle Credit Income Fund (CCIF) reports estimated total net asset value of $132.89 million or $6.27 per share, while the closing share price was $5.74, trading at an 8.45% discount to NAV and a total market capitalization of $121.68 million. The fund targets monthly common dividends and shows a current dividend rate of 21.95%.

The portfolio is concentrated in senior secured loans, with 96.71% exposure to first-lien loans and aggregate underlying loan balances of $24.43 billion across 2,126 loans and 1,514 obligors. The weighted average market price of loan collateral is 97.45 and the fund’s last 12-month default rate on underlying loans including distressed exchanges is 1.29%, versus a loan market default rate of 3.37%. Top industry exposures include High Tech (12.39%) and Healthcare & Pharmaceuticals (11.38%).

Positive

• High current dividend rate of 21.95% with monthly payments
• Large allocation to first-lien loans (96.71%), which generally have stronger collateral claims
• Reported underlying loan default rate of 1.29% is below the cited loan market default rate of 3.37%
• Diversified pool of obligors: 1,514 unique obligors across 2,126 loans with $24.43 billion aggregate balance

Negative

• Shares trade at an 8.45% discount to estimated NAV, which may signal market concerns or liquidity mismatch
• Invests primarily in below-investment-grade and CLO junior debt/equity, increasing credit and structure-specific risks
• Non-diversified closed-end structure and disclosures that distributions may be funded from offering proceeds or borrowings
• Concentration in CLO-related positions and a weighted average junior OC cushion of 4.46% could amplify downside in stress

Insights

Financial Analyst

TL;DR: CCIF yields a high current dividend, trades at a notable NAV discount, and remains heavily allocated to senior loans and CLO positions.

CCIF’s estimated NAV per share of $6.27 versus a market price of $5.74 implies an -8.45% discount, a common feature for closed-end funds. The portfolio’s 96.71% exposure to first-lien loans suggests priority claim on collateral, which can support income stability. The fund reports a 21.95% dividend rate and a relatively low reported underlying loan default rate of 1.29% versus the market 3.37%, which is favorable for credit performance metrics presented.

Risk Analyst

TL;DR: Material credit concentration in CLOs and below-investment-grade instruments increases idiosyncratic and liquidity risk despite senior loan tilt.

While senior secured loans comprise the bulk of exposure, the fund discloses substantial positions in CLO debt and equity and invests primarily in below investment grade instruments, which carry elevated default and collateral-liquidity risk. The weighted average junior OC cushion of 4.46% and reliance on CLO structures can amplify losses in stressed scenarios. The fund is non-diversified and cautions that distributions may be funded from offering proceeds or borrowings.

FAQ

What is CCIF's estimated NAV and market price as of August 2025?

Estimated total NAV is $132.89 million or $6.27 per share; closing price was $5.74, a -8.45% discount to NAV.

What dividend does CCIF currently pay?

The fund reports a current dividend rate of 21.95% with monthly common stock dividend payments.

How concentrated is CCIF's portfolio in senior loans?

CCIF reports 96.71% exposure to first-lien (senior secured) loans and aggregate underlying loan balances of $24.43 billion.

What are CCIF's recent default metrics?

CCIF’s last 12-month default rate including distressed exchanges is 1.29%, compared with a cited loan market default rate of 3.37%.

How many obligors and loans back CCIF's portfolio?

The portfolio comprises 1,514 unique underlying obligors and 2,126 underlying loans.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 09/12/2025 - 04:03 PM Learn about SEC filing dates

CARLYLE CREDIT INCOME FUND (CCIF) ​​August​ 2025 Obligor % Total First Lien Loan 96.71% Unsecured Loan 0.00% Second Lien Loan 0.55% Senior Secured Bond 1.73% Senior Unsecured Bond 0.97% Unsecured Bond 0.04% Total 100.00% 1 Past performance is not indicative of future results or a guarantee of future returns. Please review the Important Information. 1. J.P. Morgan Default Monitor as of ​​August 31​, 2025. Ticker Symbol CCIF Total Net Asset Value (est.) $ ​​132.89​ Million Net Asset Value per share (est.) $6.27 Closing Price per share $ ​​5.74​ Premium / Discount -8.45%​ Total Market Capitalization $121.68 Million Current Dividend Rate ​​21.95%​ Frequency of Common Stock Dividend Payments Monthly Insider Ownership 23.41% PIE CHART Reference PPT template for styling PORTFOLIO SUMMARY Number of Unique Underlying Loan Obligors ​​1,514​ Number of Underlying Loans ​​2,126​ Aggregate Balance of Underlying Loans $24.43 Billion Average Individual Loan Obligor Exposure 0.07% Currency: USD Exposure 100.00% Aggregate Indirect Exposure to Senior Secured Loans 96.71% Weighted Average Junior OC Cushion 4.46% Weighted Average Market Price of Loan Collateral 97.45 TOP 5 EQUITY POSITIONS Apidos CLO XXXIII 5.58% Elmwood CLO 17 5.20% Voya CLO 2020-2 4.30% Madison Park Funding LXII 4.19% OCP CLO 2015-9 4.06% DIVERSIFICATION BY CREDIT TYPE OF UNDERLYING OBILIGORS SUMMARY OF UNDERLYING PORTFOLIO COMMON STOCK DATA AS OF 8/31/2025 TOP 5 POSITIONS Weighted Average Remaining CLO Reinvestment Period 3.48 years CCIF’s Last 12 Month Default Rate including Distressed Exchanges of Underlying Loans 1.29% Loan Market Default Rate including Distressed Exchanges1 3.37% Ticker Symbol CCIA Closing Price per share $ ​​25.53​ LISTED PREFERRED STOCK DATA AS OF 8/31/2025 0.11% 98.88% 1.01% CLO Debt CLO Equity Legacy Real Estate Loans

Wtd Avg = 4.5 years Obligor % Total Medline 0.50% TransDigm 0.49% Calpine 0.49% TIBCO Software 0.49% Asurion 0.44% Allied Universal Holdco 0.44% Quikrete Companies 0.44% Sedgwick Claims Management Service 0.42% Citadel Securities LP 0.41% Howden Group Holdings 0.41% Total 4.53% 2 TOP 10 INDUSTRIES OF UNDERLYING OBLIGORS Industry % Total High Tech 12.39% Healthcare & Pharmaceuticals 11.38% Banking, Finance, Insurance & Real Estate 10.52% Services: Business 8.85% Hotels, Gaming & Leisure 4.92% Construction & Building 4.64% Beverage, Food & Tobacco 4.15% Capital Equipment 4.02% Chemicals, Plastics & Rubber 3.59% Aerospace & Defense 3.51% Total 67.97% WEIGHTED AVERAGE RATING DISTRIBUTION1 WEIGHTED AVERAGE MATURITY DISTRIBUTION1 TOP 10 UNDERLYING OBLIGORS TOP 10 INDUSTRIES OF UNDERLYING OBLIGORS WEIGHTED AVERAGE STATED SPREAD DISTRIBUTION1WEIGHTED AVERAGE PRICE DISTRIBUTION1 UNDERLYING LOAN METRICS CARLYLE CREDIT INCOME FUND (CCIF) ​​August​ 2025 Wtd Avg = 97.45 Wtd Avg = 3.17% Past performance is not indicative of future results or a guarantee of future returns. Please review the Important Information. 1. Percentages may not sum due to rounding. Wtd Avg = B

IMPORTANT INFORMATION © 2025 Carlyle Credit Income Fund. All Rights Reserved Investors should consult with their financial advisor about the suitability of CCIF in their portfolio. Investing in CCIF involves a high degree of risk, including the risk that you may receive little or no return on your investment or that you may lose part or all of your investment. This is a non-diversified closed-end fund. Shares of CCIF’s common stock are listed on the New York Stock Exchange. Shares of closed-end funds frequently trade at a discount from their net asset value (NAV), which may increase investors’ risk of loss. CCIF cannot predict whether its shares will trade at, below or above NAV. There is no assurance that CCIF’s investment objectives will be achieved or that monthly distributions paid by CCIF will be maintained at the targeted level or that dividends will be paid at all. CCIF’s distributions may be funded from unlimited amounts of offering proceeds or borrowings, which may constitute a return of capital and reduce the amount of capital available to CCIF for investment. A return of capital to shareholders is a return of a portion of their original investment in CCIF, thereby reducing the tax basis of their investment. This material is provided for general and educational purposes only, is not intended to provide legal or tax advice, does not constitute a solicitation of an offer to buy or sell CCIF’s shares, and is not for use to avoid any penalties that may be imposed under U.S. federal tax laws. Contact your attorney or other advisor regarding your specific legal, investment or tax situation. Investing involves risk. CCIF invests primarily in below investment grade instruments, which are commonly referred to as “high yield” securities or “junk” bonds. CCIF invests a significant portion of its assets in CLO junior debt and equity securities, which often involve risks that are different from or more pronounced than risks associated with other types of credit instruments. Because of the risks associated with investing in high yield securities, an investment in CCIF should be considered speculative. Investors should carefully consider the investment objective, risks, charges and expenses of CCIF before investing. CCIF’s filings with the Securities and Exchange Commission (“SEC”) contain information about CCIF’s investment objectives, risks, charges and expenses as well as other information about CCIF. These filings should be read carefully before investing. CCIF’s filings with the SEC may be found on the SEC’s website (www.sec.gov) or on CCIF’s website, www.carlylecreditincomefund.com. ABOUT CARLYLE The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry experience that deploys private capital across three business segments: Global Private Equity, Global Credit and Carlyle AlpInvest. With approximately $465 billion of assets under management as of June 30, 2025, 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. The Carlyle Group employs more than 2,300 people in 27 offices across 4 continents as of June 30, 2025. 3 CARLYLE CREDIT INCOME FUND (CCIF) ​​August​ 2025 Past performance is not indicative of future results or a guarantee of future returns. Please review the Important Information.