Carlyle Credit Income Fund Announces First Quarter Financial Results and Declares Monthly Common and Preferred Dividends
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.
Il Carlyle Credit Income Fund (CCIF) ha riportato i risultati finanziari del primo trimestre del 2025, evidenziando una forte performance nel mercato CLO. Il Fondo ha mantenuto il suo dividendo mensile di $0.1050 fino a maggio 2025, rappresentando un rendimento annualizzato del dividendo del 16,45% basato sul prezzo delle azioni al 24 febbraio 2025.
Le principali realizzazioni del Q1 includono:
- Finanziamento di $12,0 milioni in nuovi investimenti CLO con un rendimento medio ponderato GAAP del 16,8%
- Rendimento medio ponderato GAAP del portafoglio del 17,2% al 31 dicembre 2024
- Vendita di 1.370.000 azioni ordinarie tramite offerta ATM, generando $11,0 milioni di proventi netti
- Reddito netto da investimenti di $0,26 per azione ordinaria
- Reddito netto da investimenti core di $0,44 per azione ordinaria
Il valore netto degli attivi per azione ordinaria del Fondo era di $7,44, con un valore equo totale degli investimenti di $177,9 milioni al 31 dicembre 2024. Inoltre, il CCIF ha dichiarato dividendi sulle sue azioni privilegiate di tipo A serie 8,75% di $0,1823 per azione per marzo, aprile e maggio 2025.
El Carlyle Credit Income Fund (CCIF) ha informado sus resultados financieros del primer trimestre de 2025, destacando un fuerte desempeño en el mercado de CLO. El Fondo mantuvo su dividendo mensual de $0.1050 hasta mayo de 2025, lo que representa un rendimiento anualizado del dividendo del 16.45% basado en el precio de las acciones al 24 de febrero de 2025.
Los logros clave del Q1 incluyen:
- Financiamiento de $12.0 millones en nuevas inversiones CLO con un rendimiento promedio ponderado GAAP del 16.8%
- Rendimiento promedio ponderado GAAP de la cartera del 17.2% al 31 de diciembre de 2024
- Venta de 1,370,000 acciones comunes a través de una oferta ATM, generando $11.0 millones en ingresos netos
- Ingreso neto por inversiones de $0.26 por acción común
- Ingreso neto por inversiones base de $0.44 por acción común
El valor neto de los activos por acción común del Fondo se situó en $7.44, con un valor justo total de inversiones de $177.9 millones al 31 de diciembre de 2024. Además, el CCIF declaró dividendos sobre sus acciones preferentes de la Serie A del 8.75% de $0.1823 por acción para marzo, abril y mayo de 2025.
칼라일 크레딧 수익 펀드(CCIF)는 2025년 1분기 재무 결과를 발표하며 CLO 시장에서의 강력한 성과를 강조했습니다. 이 펀드는 2025년 5월까지 월 배당금을 $0.1050으로 유지했으며, 이는 2025년 2월 24일 기준 주가를 바탕으로 한 연간 배당 수익률 16.45%를 나타냅니다.
1분기의 주요 성과는 다음과 같습니다:
- 16.8% 가중 평균 GAAP 수익률로 새로운 CLO 투자에 $12.0 백만 자금 지원
- 2024년 12월 31일 기준 포트폴리오의 가중 평균 GAAP 수익률 17.2%
- ATM 오퍼링을 통해 1,370,000주를 판매하여 순수익 $11.0 백만 생성
- 보통주당 순 투자 수익 $0.26
- 보통주당 핵심 순 투자 수익 $0.44
펀드의 보통주당 순 자산 가치는 $7.44였으며, 2024년 12월 31일 기준 총 투자 공정 가치는 $177.9 백만이었습니다. 또한, CCIF는 2025년 3월, 4월, 5월에 대해 8.75% 시리즈 A 우선주당 $0.1823의 배당금을 선언했습니다.
Le Carlyle Credit Income Fund (CCIF) a publié ses résultats financiers du premier trimestre 2025, mettant en avant une forte performance sur le marché des CLO. Le Fonds a maintenu son dividende mensuel de 0,1050 $ jusqu'en mai 2025, représentant un rendement de dividende annualisé de 16,45 % basé sur le prix de l'action au 24 février 2025.
Les principales réalisations du T1 incluent :
- Financement de 12,0 millions de dollars dans de nouveaux investissements CLO avec un rendement moyen pondéré GAAP de 16,8 %
- Rendement moyen pondéré GAAP du portefeuille de 17,2 % au 31 décembre 2024
- Vente de 1 370 000 actions ordinaires via une offre ATM, générant 11,0 millions de dollars de produits nets
- Revenu net d'investissement de 0,26 $ par action ordinaire
- Revenu net d'investissement de base de 0,44 $ par action ordinaire
La valeur nette d'actif par action ordinaire du Fonds s'élevait à 7,44 $, avec une valeur totale des investissements de 177,9 millions de dollars au 31 décembre 2024. De plus, le CCIF a déclaré des dividendes sur ses actions privilégiées de série A à 8,75 % de 0,1823 $ par action pour mars, avril et mai 2025.
Der Carlyle Credit Income Fund (CCIF) hat seine finanziellen Ergebnisse für das erste Quartal 2025 veröffentlicht und hebt die starke Leistung im CLO-Markt hervor. Der Fonds hielt seine monatliche Dividende von $0.1050 bis Mai 2025 aufrecht, was einer annualisierten Dividendenrendite von 16,45% basierend auf dem Aktienkurs vom 24. Februar 2025 entspricht.
Wichtige Erfolge im Q1 umfassen:
- Finanzierung von $12,0 Millionen in neuen CLO-Investitionen mit einer gewichteten durchschnittlichen GAAP-Rendite von 16,8%
- Gewichtete durchschnittliche GAAP-Rendite des Portfolios von 17,2% zum 31. Dezember 2024
- Verkauf von 1.370.000 Stammaktien über ein ATM-Angebot, was $11,0 Millionen an Nettoprovisionen einbrachte
- Nettokapitalerträge von $0,26 pro Stammaktie
- Kern-Nettokapitalerträge von $0,44 pro Stammaktie
Der Nettoinventarwert pro Stammaktie des Fonds betrug $7,44, mit einem Gesamtwert der Investitionen von $177,9 Millionen zum 31. Dezember 2024. Darüber hinaus erklärte CCIF Dividenden auf seine 8,75% Serie A Vorzugsaktien von $0,1823 pro Aktie für März, April und Mai 2025.
- High dividend yield of 16.45% annualized
- Strong CLO portfolio yield of 17.2%
- Successful ATM offering raising $11M above NAV
- Core net investment income of $0.44 per share
- $12M new CLO investments at 16.8% yield
- Net investment income ($0.26) below monthly dividend rate ($0.315 quarterly)
Insights
Carlyle Credit Income Fund's Q1 FY2025 results reveal significant insights for income-focused investors. The fund reported core net investment income of $0.44 per share, substantially exceeding its $0.105 monthly dividend, suggesting strong dividend coverage at current levels. However, standard net investment income was only $0.26 per share, with the difference likely attributable to non-cash accounting adjustments related to CLO investments.
The fund's 16.45% dividend yield (based on market price) stands out in today's market environment, reflecting both the high-yield nature of CLO investments and potential market concerns about sustainability. CCIF's successful ATM offering at a premium to NAV is particularly noteworthy, as it allows accretive capital raising while the January convertible preferred placement provides additional investment capacity without immediate dilution.
CCIF's portfolio yield of 17.2% reflects the risk premium associated with CLO investments, which typically contain leveraged loans to below-investment-grade companies. While management notes strong CLO market fundamentals, investors should recognize this yield comes with corresponding credit risk exposure that could be tested if economic conditions deteriorate.
The fund's $177.9 million investment portfolio against its ~$118 million market cap indicates significant leverage, amplifying both return potential and risk. This leverage, combined with the inherent structural leverage in CLO investments themselves, creates a double-leveraged exposure that explains the outsized yield but demands careful risk assessment.
For income investors, CCIF offers compelling yield in a specialized market segment where Carlyle's expertise provides potential value, but the risk-reward profile requires careful consideration within a diversified income portfolio.
NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Carlyle Credit Income Fund (“we,” “us,” “our,” “CCIF” or the “Fund”) (NYSE: CCIF) today announced its financial results for its first quarter ending December 31, 2024. The full detailed presentation of the Fund’s first quarter 2025 financial results can be viewed on the Fund’s website carlylecreditincomefund.com/investor-dashboard.
Lauren Basmadjian, CCIF’s Chief Executive Officer said, “Our first quarter results reflect strong momentum as we entered 2025 following a record year of issuance in the CLO market. We have maintained a stable monthly dividend as we continue to scale the fund. Fundamentals in the CLO market remain strong and our private placement of convertible preferred shares completed in January provides the fund with net proceeds to fuel a strong year of investment activity.”
Over the past quarter, the Fund has successfully:
- Maintained the monthly dividend of 10.5 cents through May 2025, equating to a
16.45% annualized dividend based on share price as of February 24, 2025, or16.84% based on the Fund’s NAV as of January 31, 2025. - Funded
$12.0 million in new CLO investments with a weighted average GAAP yield of16.8% . The aggregate portfolio weighted average GAAP yield was17.2% as of December 31, 2024. - Sold 1,370,000 common shares in connection with the ATM offering program at a premium to NAV for net proceeds of
$11.0 million .
Net investment income was
Dividends
CCIF is maintaining a monthly dividend on shares of the Fund’s common stock of
| Security | Amount per Share | Record Dates | Payable Dates | |
| Common Stock | March 19, 2025 | March 31, 2025 | ||
| April 17, 2025 | April 30, 2025 | |||
| May 19, 2025 | May 30, 2025 | |||
CCIF is also pleased to announce the declaration of dividends on shares of the Fund’s
| Security | Amount per Share | Record Dates | Payable Dates | |
| Series A Preferred Shares | March 19, 2025 | March 31, 2025 | ||
| April 17, 2025 | April 30, 2025 | |||
| May 19, 2025 | May 30, 2025 | |||
Conference Call
The Fund will host a conference call at 10:00 a.m. EST on Thursday, February 27, 2025, to discuss its first quarter financial results. Please register for the conference call here. The conference call information will also be available via a link on Carlyle Credit Income Fund’s website and the recording will be available on our website soon after the call’s completion.
About Carlyle Credit Income Fund
Carlyle Credit Income Fund (NYSE: CCIF) is an externally managed closed-end fund focused on investing in primarily equity and junior debt tranches of collateralized loan obligations (“CLOs”). The CLOs are collateralized by a portfolio consisting primarily of U.S. senior secured loans with a large number of distinct underlying borrowers across various industry sectors. CCIF is externally managed by Carlyle Global Credit Investment Management L.L.C. (“CGCIM”), an SEC-registered investment adviser and wholly owned subsidiary of Carlyle. CCIF draws upon the significant scale and resources of Carlyle as one of the world's largest CLO managers.
Web: www.carlylecreditincomefund.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may,” “plans,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions to identify forward-looking statements, although not all forward-looking statements include these words. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. We believe that it is important to communicate our future expectations to our investors. There may be events in the future, however, that we are not able to predict accurately or control. You should not place undue reliance on these forward-looking statements, which speak only as of the date on which we make it. Factors or events that could cause our actual results to differ, possibly materially from our expectations, include, but are not limited to, the risks, uncertainties and other factors we identify in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in filings we make with the Securities and Exchange Commission, and it is not possible for us to predict or identify all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
| Investors: | Media: |
| Nishil Mehta | Kristen Greco Ashton |
| +1 (866) 277-8243 investorrelations@carlylecreditincomefund.com | +1 (212) 813-4763 kristen.ashton@carlyle.com |
FAQ
What is CCIF's current monthly dividend payment and yield?
How much did CCIF invest in new CLO investments during Q1 2025?
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How much capital did CCIF raise through its ATM offering program?
What was CCIF's net investment income per share in Q1 2025?
