Vertical Capital Income Fund (VCIF) Announces Annual Meeting and Record Date

Rhea-AI Summary

Vertical Capital Income Fund (NYSE: VCIF) has scheduled its Annual Meeting of Shareholders for August 28, 2020, at 10:00 a.m. ET, in Hauppauge, New York. Shareholders on record as of July 17, 2020 will be eligible to vote, and notices will be sent around July 27, 2020. The agenda includes the re-election of a Trustee and the election of a new Trustee. The Fund aims to provide income through investments in residential whole mortgage loans. Shareholders should be aware of inherent investment risks, including potential loss of principal.

Positive

• Annual Meeting scheduled for August 28, 2020, providing shareholders an opportunity to engage with management.
• Notification period allows shareholders ample time to prepare for voting.
• Continued focus on income generation through investments in residential whole mortgage loans.

Negative

• Potential for the Annual Meeting to be held electronically due to coronavirus concerns, which might limit shareholder engagement.
• Closed-end fund shares may trade at a discount to net asset value, presenting risks for investors.

DALLAS, June 16, 2020 /PRNewswire/ -- Vertical Capital Income Fund (NYSE: VCIF) today announced that the Fund's Annual Meeting of Shareholders will be held on August 28, 2020, at 10:00 a.m., Eastern Time, at the headquarters of the Fund, 80 Arkay Drive, Suite 110, Hauppauge, New York  11788.  However, if coronavirus related safety considerations remain at the time of the Annual Meeting of Shareholders, the Annual Meeting of Shareholders may be held electronically.

Shareholders of record of the Fund as of the close of business on July 17, 2020 are entitled to notice of, and to vote at, the Annual Meeting of Shareholders and at any adjournment thereof.  The notice of the Annual Meeting of Shareholders will be mailed to shareholders on or about July 27, 2020.  At the Annual Meeting of Shareholders, shareholders of the Fund will be asked to re-elect one of the Trustees of the Fund, and elect a new Trustee for the Fund.

Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors' expectations for future distribution changes, the clarity of the Fund's investment strategy and future return expectations, and investors' confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund's investment objective, risks, charges and expenses.  For further details, please visit Vertical Capital Income Fund's website at vertical-incomefund.com.

This release contains forward-looking statements relating to the business and financial outlook of Vertical Capital Income Fund that are based on the Fund's current expectations, estimates, forecasts and projections and are not guarantees of future performance. There is no assurance that the Fund will achieve its investment objective. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this release.

About Vertical Capital Income Fund

Vertical Capital Income Fund is an NYSE listed closed-end fund that primarily invests in residential whole mortgage loans and residential whole loans secured by deeds of trust.  The investment objective of the Fund is to seek income.

About Oakline Advisors, LLC

Oakline Advisors, LLC is the adviser to Vertical Capital Income Fund.  Founded in 2013, Oakline Advisors, LLC is an SEC-registered investment adviser that specializes in the residential whole loan market. It is a wholly owned subsidiary of Dallas, TX-based Behringer.  Since its inception in 1989, Behringer, together with its affiliates, has raised equity of more than $6 billion through public and private fund structures. For more information about Oakline and Behringer please visit their respective websites at oaklineadvisors.com and behringerinvestments.com.  

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SOURCE Vertical Capital Income Fund

FAQ

When is the Annual Meeting of Vertical Capital Income Fund (VCIF)?

The Annual Meeting is scheduled for August 28, 2020, at 10:00 a.m. ET.

What is the record date for shareholders of VCIF?

The record date for shareholders is July 17, 2020.

What will be discussed at VCIF's Annual Meeting?

The meeting will cover the re-election of a Trustee and the election of a new Trustee.

What risks are associated with investing in VCIF?

Investors may face risks such as a potential loss of principal and shares trading at a discount to net asset value.

How can shareholders participate in the VCIF meeting if held electronically?

Shareholders will receive instructions on participation if the meeting is held electronically due to safety concerns.