Carlyle Credit Income Fund Announces Fourth Quarter and Full Year 2024 Financial Results and Declares Monthly Common and Preferred Dividends
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 (CCIF) ha annunciato i risultati finanziari del quarto trimestre e dell'intero anno 2024. I punti salienti includono: un reddito da investimenti netto di $0,30 per azione comune e un reddito netto da investimenti core di $0,45 per azione comune nel quarto trimestre 2024. Il Fondo ha mantenuto il suo dividendo mensile di $0,1050 fino a febbraio 2025, rappresentando un 15,16% di rendimento annualizzato. CCIF ha finanziato $39,6 milioni in nuovi investimenti CLO con un rendimento medio ponderato GAAP del 16,5%. Il rendimento medio ponderato GAAP dell'intero portafoglio del Fondo si attesta al 18,6%, con investimenti totali valutati a $173,5 milioni. Il valore netto degli asset per azione comune era di $7,64 al 30 settembre 2024.
Carlyle Credit Income Fund (CCIF) ha comunicado sus resultados financieros del cuarto trimestre y del año completo 2024. Los puntos destacados incluyen: ingresos netos por inversiones de $0,30 por acción ordinaria y ingresos netos por inversiones centrales de $0,45 por acción ordinaria en el cuarto trimestre de 2024. El Fondo mantuvo su dividendo mensual de $0,1050 hasta febrero de 2025, lo que representa un rendimiento de dividendo anualizado del 15,16%. CCIF financió $39,6 millones en nuevas inversiones CLO con un rendimiento promedio ponderado GAAP del 16,5%. El rendimiento promedio ponderado GAAP del portafolio total del Fondo fue del 18,6%, con inversiones totales valoradas en $173,5 millones. El valor neto de los activos por acción ordinaria se situó en $7,64 al 30 de septiembre de 2024.
Carlyle Credit Income Fund (CCIF)는 2024년 4분기 및 전체 연도 재무 결과를 발표했습니다. 주요 하이라이트에는 보통주당 $0.30의 순 투자 수익과 4분기 보통주당 $0.45의 핵심 순 투자 수익이 포함됩니다. 이 펀드는 2025년 2월까지 월 배당금 $0.1050을 유지하며, 연환산 배당 수익률 15.16%를 나타냅니다. CCIF는 새로운 CLO 투자에 $39.6 백만을 투자하였으며, 가중 평균 GAAP 수익률은 16.5%였습니다. 이 펀드의 총 포트폴리오의 가중 평균 GAAP 수익률은 18.6%였으며, 총 투자 가치는 $173.5 백만에 달했습니다. 2024년 9월 30일 기준 보통주당 순자산 가치는 $7.64였습니다.
Carlyle Credit Income Fund (CCIF) a annoncé ses résultats financiers pour le quatrième trimestre et l'année entière 2024. Les points clés incluent : un revenu net d'investissement de 0,30 $ par action ordinaire et un revenu net d'investissement de base de 0,45 $ par action ordinaire pour le quatrième trimestre 2024. Le Fonds a maintenu son dividende mensuel de 0,1050 $ jusqu'en février 2025, représentant un rendement de dividende annualisé de 15,16 %. CCIF a financé 39,6 millions $ dans de nouveaux investissements CLO avec un rendement GAAP moyen pondéré de 16,5 %. Le rendement GAAP moyen pondéré du portefeuille total du Fonds était de 18,6 %, avec des investissements totaux évalués à 173,5 millions $. La valeur nette des actifs par action ordinaire était de 7,64 $ au 30 septembre 2024.
Carlyle Credit Income Fund (CCIF) hat seine finanziellen Ergebnisse für das vierte Quartal und das Gesamtjahr 2024 bekannt gegeben. Zu den Höhepunkten gehören: ein Nettoinvestitionseinkommen von 0,30 $ pro Stammaktie und ein Kern-Nettoinvestitionseinkommen von 0,45 $ pro Stammaktie für das vierte Quartal 2024. Der Fonds hat seine monatliche Dividende von 0,1050 $ bis Februar 2025 beibehalten, was einer annualisierten Dividendenrendite von 15,16% entspricht. CCIF hat 39,6 Millionen $ in neue CLO-Anlagen investiert, mit einer gewichteten durchschnittlichen GAAP-Rendite von 16,5%. Die gewichtete durchschnittliche GAAP-Rendite des gesamten Portfolios des Fonds betrug 18,6%, mit Gesamtkapitalanlagen im Wert von 173,5 Millionen $. Der Nettoinventarwert pro Stammaktie lag zum 30. September 2024 bei 7,64 $.
- Doubled dividend rate from 7.8% to 15.2% since July 2023
- Strong 16.5% weighted average GAAP yield on new CLO investments
- Portfolio weighted average GAAP yield of 18.6%
- Successfully raised $29 million through various offerings at premium to NAV
- Core net investment income of $0.45 per share in Q4 2024
- Net investment income ($0.30) lower than core net investment income ($0.45)
- Potential dilution from new share issuances and convertible preferred shares
Insights
The Q4 and FY2024 results demonstrate robust financial performance and strategic execution. Key highlights include
Notable capital raising activities include:
- A
$10.7M private placement of convertible preferred shares at7.125% - An
$11.5M registered direct placement of common shares above NAV - An additional
$6.8M raised through ATM offerings
NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Carlyle Credit Income Fund (“we,” “us,” “our,” “CCIF” or the “Fund”) (NYSE: CCIF) today announced its financial results for its fourth quarter and full year ended September 30, 2024. The full detailed presentation of the Fund’s fourth quarter and full year ended September 30, 2024, financial results can be viewed on the Fund’s website carlylecreditincomefund.com/investor-dashboard.
Lauren Basmadjian, CCIF’s Chief Executive Officer said, “We’re pleased with our 4Q and FY results and continue to execute the strategy we laid out when we first became investment advisor to CCIF in July 2023. Since becoming investment advisor, we almost doubled the dividend rate from
Over the past quarter, the Fund has successfully:
- Maintained the monthly dividend of 10.5 cents through February 2025, equating to a
15.16% annualized dividend based on share price as of November 19, 2024, or16.64% based on the Fund’s NAV as of October 31, 2024.
- Funded
$39.6 million in new CLO investments with a weighted average GAAP yield of16.5% . The aggregate portfolio weighted average GAAP yield was18.6% as of September 30, 2024.
- Completed a private placement of 5-year,
7.125% convertible preferred shares due 2029 for net proceeds of$10.7 million .
- Completed a registered direct placement of common shares at a premium to NAV for net proceeds of
$11.5 million .
- Sold 850,000 common shares in connection with the ATM offering program at a premium to NAV for net proceeds of
$6.8 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 | December 18, 2024 | December 31, 2024 | |
| January 21, 2025 | January 31, 2025 | ||
| February 18, 2025 | February 28, 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 | December 18, 2024 | December 31, 2024 | |
| January 21, 2025 | January 31, 2025 | ||
| February 18, 2025 | February 28, 2025 |
Conference Call
The Fund will host a conference call at 10:00 a.m. EDT on Thursday, November 21, 2024, to discuss its fourth 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: |
| Jane Cai | Kristen Greco Ashton |
| +1 (866) 277-8243 | +1 (212) 813-4763 |
| investorrelations@carlylecreditincomefund.com | kristen.ashton@carlyle.com |
FAQ
What is CCIF's monthly dividend payment for December 2024 to February 2025?
What was CCIF's net asset value per share as of September 30, 2024?
How much did CCIF invest in new CLO investments during Q4 2024?
What is the dividend yield for CCIF based on current share price?
