Vertical Capital Income Fund (VCIF) Board engages Ladenburg Thalmann & Co. Inc. to Explore Strategic Options to Increase Shareholder Value
On February 22, 2022, the Board of Trustees of Vertical Capital Income Fund (NYSE: VCIF) announced that it has engaged Ladenburg Thalmann & Co. Inc. to explore strategic alternatives aimed at boosting shareholder value. The Fund indicated that no assurance exists that this evaluation will result in any transaction, and it does not plan further disclosures until a decision is made. Shareholders should be aware that closed-end fund shares often trade below their net asset value, and investment carries risks, including potential loss of principal.
- Engagement of Ladenburg Thalmann to explore strategic alternatives could lead to enhanced shareholder value.
- No assurance that the strategic evaluation will yield any beneficial transaction for shareholders.
- Shares may trade at a discount to net asset value, impacting investor returns.
DALLAS, Feb. 22, 2022 /PRNewswire/ -- Today the Board of Trustees (the "Board") of Vertical Capital Income Fund (NYSE: VCIF; the "Fund") announced that it has engaged Ladenburg Thalmann & Co. Inc. ("Ladenburg") to evaluate strategic alternatives for the Fund, with the goal of increasing shareholder value. There can be no assurance that this exploration of strategic alternatives will result in the Fund entering or completing any transaction. The Fund does not intend to make any further disclosures regarding the strategic review process unless and until a specific course of action is identified and approved.
Inquiries with regard to this process should be directed to Ladenburg's New York office. Thompson Hine LLP serves as Fund legal counsel and legal counsel to the Board and will assist with the exploration of alternatives.
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 the 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 vcif.us.
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. More information is at www.vcif.us.
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
Fund shares are identified by CUSIP 92535C104
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SOURCE Vertical Capital Income Fund
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