Welcome to our dedicated page for Carlyle Credit Income Ord news (Ticker: CCIF), a resource for investors and traders seeking the latest updates and insights on Carlyle Credit Income Ord stock.
About Carlyle Credit Income Fund (CCIF)
Carlyle Credit Income Fund (NYSE: CCIF) is a non-diversified, closed-end management investment company that operates within the niche but critical domain of credit-focused investment solutions. With a primary objective of generating current income and a secondary goal of achieving capital appreciation, CCIF strategically invests in equity and junior debt tranches of collateralized loan obligations (CLOs). These CLOs are collateralized by a diversified portfolio of U.S. senior secured loans, primarily below investment grade, encompassing a wide range of industries and borrowers. This diversification helps mitigate risk while targeting high-yield opportunities.
Business Model and Revenue Generation
CCIF's business model revolves around leveraging its expertise in structured credit to deliver robust income streams to its investors. The fund primarily generates revenue through interest income from its investments and potential capital gains realized from the appreciation of its asset portfolio. By focusing on equity and junior debt tranches, CCIF positions itself to capture higher yields, albeit with an increased risk profile compared to senior tranches. This targeted approach appeals to institutional and sophisticated retail investors seeking exposure to high-yield credit markets.
Industry Context and Competitive Position
Operating within the broader asset management and financial services industry, CCIF occupies a specialized niche in the CLO market. CLOs have gained prominence as an asset class due to their ability to offer attractive risk-adjusted returns. CCIF benefits from being externally managed by Carlyle Global Credit Investment Management L.L.C., a wholly owned subsidiary of Carlyle. As one of the world's largest CLO managers, Carlyle brings unparalleled expertise, scale, and resources to the table, providing CCIF with a competitive edge in structuring and managing complex financial instruments.
Investment Strategy and Risk Management
CCIF's investment strategy emphasizes diversification and credit quality. By investing in CLOs backed by U.S. senior secured loans, the fund targets a relatively stable asset class within the high-yield market. The loans are diversified across numerous borrowers and industries, reducing concentration risk. Additionally, CCIF's affiliation with Carlyle ensures access to sophisticated credit analysis, risk modeling, and market insights, further enhancing its ability to navigate market volatility and credit risk effectively.
Strategic Advantages and Differentiators
- Expert Management: CCIF benefits from the expertise of Carlyle Global Credit Investment Management, leveraging Carlyle's extensive experience in managing CLOs and structured credit products.
- Diversified Portfolio: The fund's investments span a wide range of industries and borrowers, minimizing exposure to sector-specific downturns.
- Income Focus: With a primary objective of generating current income, CCIF appeals to income-focused investors seeking consistent returns.
- Market Position: As part of the Carlyle ecosystem, CCIF enjoys enhanced credibility and operational efficiencies, setting it apart from competitors in the CLO space.
Conclusion
Carlyle Credit Income Fund represents a compelling investment vehicle for those seeking exposure to high-yield credit markets. By combining a focused investment strategy with the resources and expertise of Carlyle, CCIF is well-positioned to navigate the complexities of the CLO market while delivering value to its shareholders. Its emphasis on diversification, income generation, and strategic management underscores its significance in the asset management landscape.
Carlyle Credit Income Fund (CCIF) has reported its Q1 2025 financial results, highlighting strong performance in the CLO market. The Fund maintained its monthly dividend of $0.1050 through May 2025, representing a 16.45% annualized dividend yield based on share price as of February 24, 2025.
Key Q1 achievements include:
- Funding of $12.0 million in new CLO investments with 16.8% weighted average GAAP yield
- Portfolio weighted average GAAP yield of 17.2% as of December 31, 2024
- Sale of 1,370,000 common shares via ATM offering, generating $11.0 million in net proceeds
- Net investment income of $0.26 per common share
- Core net investment income of $0.44 per common share
The Fund's net asset value per common share stood at $7.44, with total investments fair value at $177.9 million as of December 31, 2024. Additionally, CCIF declared dividends on its 8.75% Series A Term Preferred Shares of $0.1823 per share for March, April, and May 2025.
Carlyle Credit Income Fund (NYSE: CCIF) has announced a private placement of approximately 20,000 shares of 7.50% Series C Convertible Preferred Shares due January 2030, with a liquidation preference of $1,000 per share. The Fund expects to receive net proceeds of approximately $18.6 million from the sale.
The Convertible Preferred Shares will pay quarterly dividends at a fixed annual rate of 7.50% ($75.00 per share). Holders can convert their shares into common shares after six months from issuance and before January 31, 2030. The conversion price will be the greater of the 5-day average market price or the most recent NAV per Common Share.
The Fund must redeem all outstanding Convertible Preferred Shares by January 31, 2030, and has the option to redeem them partially or fully after July 31, 2025. The shares are being issued under Securities Act exemption and will not be listed on any exchange. The proceeds will be used for investments, shareholder distributions, and working capital.
The Carlyle Credit Income Fund (NYSE: CCIF) has announced its schedule for releasing first quarter 2025 financial results. The Fund will disclose its financial performance after market close on Wednesday, February 26, 2025.
A conference call to discuss the results is scheduled for Thursday, February 27, 2025, at 10:00 a.m. EDT. Investors can access the call through a public webcast available on the Fund's website at www.carlylecreditincomefund.com. The recording will also be accessible on the website following the call.
Carlyle Credit Income Fund (CCIF) announced its Q4 and full-year 2024 financial results. Key highlights include: net investment income of $0.30 per common share and core net investment income of $0.45 per common share for Q4 2024. The Fund maintained its monthly dividend of $0.1050 through February 2025, representing a 15.16% annualized dividend yield. CCIF funded $39.6 million in new CLO investments with a 16.5% weighted average GAAP yield. The Fund's total portfolio weighted average GAAP yield was 18.6%, with total investments valued at $173.5 million. The net asset value per common share stood at $7.64 as of September 30, 2024.
Carlyle Credit Income Fund (NYSE: CCIF) has announced its schedule for releasing financial results for the fourth quarter and full year 2024. The Fund will release its financial results after market close on Wednesday, November 20, 2024. Following this, CCIF will host a conference call at 10:00 a.m. EDT on Thursday, November 21, 2024, to discuss the results.
Investors and interested parties can access the conference call via a public webcast available through a link on Carlyle Credit Income Fund's official website at www.carlylecreditincomefund.com. For those unable to attend the live call, a recording will be made available on the same website shortly after the call's conclusion.
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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