CARLYLE CREDIT INCOME FUND ANNOUNCES OFFERING OF PREFERRED SHARES

Rhea-AI Summary

Carlyle Credit Income Fund announces underwritten public offering of Series A Preferred Shares

Positive

• Carlyle Credit Income Fund has commenced an underwritten public offering of its Series A Preferred Shares
• The Fund plans to grant the underwriters a 30-day option to purchase additional shares of Preferred Shares
• The Preferred Shares are expected to be listed on the New York Stock Exchange and to trade thereon within 30 days
• Ladenburg Thalmann & Co. Inc. is acting as lead book-running manager for the offering

Negative

• None.

NEW YORK, Oct. 18, 2023 /PRNewswire/ -- Carlyle Credit Income Fund (the "Fund") (NYSE: CCIF) today announced that it has commenced an underwritten public offering of its Series A Preferred Shares (the "Preferred Shares"). The public offering price and other terms of the Preferred Shares are to be determined by negotiations between the Fund and the underwriters. The Preferred Shares are rated 'BBB+' by Egan-Jones Ratings Company, an independent rating agency. In addition, the Fund plans to grant the underwriters a 30-day option to purchase additional shares of Preferred Shares on the same terms and conditions to cover overallotments, if any.

The Preferred Shares are expected to be listed on the New York Stock Exchange and to trade thereon within 30 days of the original issue date under the symbol "CCIA."

Ladenburg Thalmann & Co. Inc. is acting as lead book-running manager for the offering, and B. Riley Securities, Inc., Oppenheimer & Co. Inc., Piper Sandler & Co. and InspereX LLC are acting as joint book-running managers for the offering.

Investors should consider the Fund's investment objectives, risks, charges, and expenses carefully before investing. The preliminary prospectus supplement dated October 18, 2023 and the accompanying prospectus dated September 29, 2023, which have been filed with the Securities and Exchange Commission ("SEC"), contain this and other information about the Fund and should be read carefully before investing. The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The preliminary prospectus supplement, the accompanying prospectus and this press release are not offers to sell these securities and are not soliciting an offer to buy these securities in any state where such offer or sale is not permitted.

A shelf registration statement relating to these securities is on file with and has been declared effective by the SEC. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained by writing Ladenburg Thalmann & Co. Inc. at 640 Fifth Avenue, 4th Floor, New York, New York 10019, by calling toll-free 1-800-573-2541 or by sending an e-mail to: prospectus@ladenburg.com; copies may also be obtained for free by visiting EDGAR on the SEC's website at http://www.sec.gov.

Egan-Jones Ratings Company is a nationally recognized statistical rating organization (NRSRO). A security rating is not a recommendation to buy, sell or hold securities, and any such rating may be subject to revision or withdrawal at any time by the applicable rating agency.

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. With Carlyle (NASDAQ: CG) as its investment adviser, CCIF draws upon the significant scale and resources of Carlyle as one of the world's largest CLO managers. For more information visit www.carlylecreditincomefund.com.

FORWARD-LOOKING STATEMENTS

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Fund's other filings with the SEC. The Fund undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

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SOURCE Carlyle Credit Income Fund

FAQ

What is Carlyle Credit Income Fund announcing?

Carlyle Credit Income Fund has announced an underwritten public offering of its Series A Preferred Shares.

What is the expected listing for the Preferred Shares?

The Preferred Shares are expected to be listed on the New York Stock Exchange and to trade thereon within 30 days.

Who is acting as the lead book-running manager for the offering?

Ladenburg Thalmann & Co. Inc. is acting as the lead book-running manager for the offering.

Can additional shares of Preferred Shares be purchased?

Yes, the Fund plans to grant the underwriters a 30-day option to purchase additional shares of Preferred Shares.