Carlyle Credit Income Fund PEO Doubles Stake with $100K Share Purchase
Rhea-AI Filing Summary
Form 4 filing for Carlyle Credit Income Fund (CCIF) details a purchase of the issuer’s common stock by insider Nishil Mehta, who serves as both Director and President/Principal Executive Officer.
- Transaction date: 06/24/2025
- Transaction code: P (open-market purchase)
- Securities acquired: 16,650 shares of common stock
- Weighted-average purchase price: $6.02 per share (actual prices ranged from $6.015 to $6.020)
- Total cost (approx.): about $100,263 based on the weighted-average price
- Post-transaction beneficial ownership: 32,754.209 shares held directly
- The filing is made voluntarily and also reflects a change in title; full price breakdown is available upon request.
The Form was signed by attorney-in-fact Joshua Lefkowitz on 06/25/2025.
Positive
- President/PEO purchased 16,650 shares on 06/24/2025, showing direct ownership increase.
- Post-trade holding rises to 32,754 shares, enhancing management’s equity alignment with shareholders.
Negative
- None.
Insights
TL;DR: Insider buys 16.6k CCIF shares at ~$6.02, doubling stake to 32.8k—generally a modest but positive signal.
Insider purchases, especially by a President/PEO, are often monitored as potential indicators of management’s outlook. The 16,650-share acquisition increases Nishil Mehta’s direct holding to roughly 32.8k shares. While the dollar value (≈$0.1 million) is small relative to many insider trades, it still represents a tangible commitment. No derivative transactions were reported, and the trade was executed in a narrow band, suggesting a straightforward open-market accumulation. Because this Form 4 stems from a voluntary filing tied to a title change, investors get timely visibility despite the absence of a legal trigger. The transaction does not alter capital structure materially, but insider alignment can incrementally strengthen sentiment.