Welcome to our dedicated page for Carlyle Credit Income Fund Shares of Beneficial Interest news (Ticker: CCIF), a resource for investors and traders seeking the latest updates and insights on Carlyle Credit Income Fund Shares of Beneficial Interest stock.
Carlyle Credit Income Fund (NYSE: CCIF) is a non-diversified, closed-end management investment company primarily focused on generating current income, with a secondary aim of capital appreciation. Managed externally by Carlyle Global Credit Investment Management L.L.C. (CGCIM), a subsidiary of Carlyle, the Fund invests mainly in equity and junior debt tranches of collateralized loan obligations (CLOs). These CLOs are backed by a variety of below-investment-grade U.S. senior secured loans, spread across numerous borrowers in different industry sectors.
Recently, CCIF has fully deployed its portfolio into diversified CLO investments, leveraging Carlyle's extensive expertise as one of the world's leading CLO managers. This strategic move aims to align with the Fund's objectives and enhance returns for its investors. As of September 30, 2023, the Fund reported a net investment income of $0.13 per common share from the transition, and a subsequent increase in net asset value per common share by 1.8% to $8.27. The total fair value of investments stood at $93.9 million.
Additionally, CCIF declared a monthly dividend of $0.0994 per share for December 2023, January, and February 2024, translating to an annualized yield of 15.76%. The Fund also declared dividends on its 8.75% Series A Term Preferred Shares at $0.1823 per share for the same period.
Continuing its positive trajectory, CCIF announced its first-quarter financial results for 2024, with net investment income of $0.24 per common share and a net asset value of $7.99 per common share as of December 31, 2023. The Fund declared a higher monthly common dividend of $0.1050 per share for March, April, and May 2024, representing an annualized yield of 15.91%.
Looking further into 2024, CCIF maintained strong financial performance into the second quarter, with net investment income of $0.33 per common share and total fair value of investments at $142.1 million as of March 31, 2024. The Fund continued its dividend policy, declaring $0.1050 per share for June, July, and August 2024, reflecting an annualized yield of 15.95%.
Investors can join upcoming conference calls to discuss financial results and strategic updates. The next call is scheduled for May 30, 2024, at 10:00 a.m. EDT. For more detailed information and to access the conference call recording, visit Carlyle Credit Income Fund's website.
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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