Carlyle Credit Income Fund Prices Offering of Preferred Shares
MWN-AI** Summary
Carlyle Credit Income Fund (NYSE: CCIF) announced the pricing of its underwritten public offering of 1.2 million shares of 7.375% Series D Preferred Shares due 2028, with a public offering price set at $25 per share. This offering is expected to generate approximately $29.4 million for the Fund after accounting for underwriting discounts, commissions, and estimated offering expenses. The Preferred Shares have received a ‘BBB+’ rating from Egan-Jones Ratings Company, indicating a solid credit quality assessment.
The offering is scheduled to close on October 30, 2025, pending standard closing conditions. Additionally, Carlyle has granted underwriters a 30-day option to acquire up to 180,000 extra shares, further facilitating investor interest. The shares will be listed on the New York Stock Exchange under the symbol “CCID,” with trading anticipated to commence within 30 days of the issue date.
Lucid Capital Markets, LLC is serving as the lead book-running manager for the offering, with B. Riley Securities, Inc. and Piper Sandler & Co. acting as joint book-running managers. A.G.P. / Alliance Global Partners is the lead manager, while Clear Street LLC and InspereX LLC will serve as co-managers.
Potential investors are advised to review the Fund’s investment objectives, risks, charges, and expenses before investing. A preliminary prospectus supplement, which details essential information about the offering, has been filed with the Securities and Exchange Commission (SEC) alongside an accompanying prospectus.
Carlyle Credit Income Fund specializes in investing primarily in equity and junior debt tranches of collateralized loan obligations (CLOs), leveraging Carlyle’s extensive expertise as one of the leading CLO managers worldwide.
MWN-AI** Analysis
The recent announcement by the Carlyle Credit Income Fund regarding the pricing of its Series D Preferred Shares at $25 each presents an intriguing investment opportunity. The 7.375% yield is attractive, especially in the current interest rate environment where many traditional fixed income products offer lower returns. For investors seeking income-generating assets, these preferred shares could serve as a desirable addition to their portfolios.
Rated ‘BBB+’ by Egan-Jones Ratings Company, the liquidity of these shares is likely enhanced by their expected listing on the New York Stock Exchange. Investors should consider the risks associated with investing in preferred shares, which, while generally less volatile than common equity, still carry unique risks such as interest rate sensitivity and the possibility of lower liquidity than traditional equities.
Additionally, the Carlyle Credit Income Fund’s strategy focuses mainly on equity and junior debt tranches of collateralized loan obligations (CLOs), indicating an emphasis on sectors linked to senior secured loans. This diversification can help mitigate risks, but investors need to be aware of the credit risk inherent in CLOs, especially in more volatile economic conditions.
For risk-conscious investors, the option for the underwriters to purchase an additional 180,000 shares should provide some reassurance regarding market demand and liquidity. However, potential buyers should read the preliminary prospectus thoroughly to understand fully the fund's investment objectives and fees associated with the ownership of preferred shares.
In summary, while the Carlyle Credit Income Fund presents a potentially lucrative opportunity, it is crucial for investors to weigh their risk tolerance and investment goals against the prospect of returns, ensuring they are well-informed before making investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
NEW YORK, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Carlyle Credit Income Fund (the “Fund”) (NYSE: CCIF) today announced that it has priced an underwritten public offering of 1.2 million shares of its 7.375% Series D Preferred Shares due 2028 (the “Preferred Shares”) at a public offering price of $25 per share, which will result in net proceeds to the Fund of approximately $29.4 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Fund. The Preferred Shares are rated ‘BBB+’ by Egan-Jones Ratings Company, an independent rating agency.
The offering is expected to close on October 30, 2025, subject to customary closing conditions. The Fund has granted the underwriters a 30-day option to purchase up to an additional 180,000 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 of the original issue date under the symbol “CCID.”
Lucid Capital Markets, LLC is acting as lead book-running manager for the offering, B. Riley Securities, Inc. and Piper Sandler & Co. are acting as joint book-running managers for the offering, A.G.P. / Alliance Global Partners, is acting as lead manager for the offering and Clear Street LLC and InspereX LLC are acting as co-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 23, 2025 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 Lucid Capital Markets, LLC at 570 Lexington Avenue, New York, New York 10022, by calling toll-free 1-800-646-362-0256 or by sending an e-mail to: prospectus@lucid.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
The Fund 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 Global Credit Investment Management L.L.C. (“Carlyle”) as its investment adviser, the Fund draws upon the significant scale and resources of Carlyle and its affiliates 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.
Source: Carlyle Credit Income Fund
Investor Relations:
866-277-8243
investorrelations@carlylecreditincomefund.com
www.carlylecreditincomefund.com
| Contacts: | ||
| Investors: | Media: | |
| Joseph Castilla | Kristen Ashton | |
| +1 (866) 277-8243 investorrelations@carlylecreditincomefund.com | +1 (212) 813-4763 kristen.ashton@carlyle.com |
FAQ**
How do the anticipated net proceeds from the Carlyle Credit Income Fund Shares of Beneficial Interest CCIF offering impact the Fund's current investment strategy in collateralized loan obligations (CLOs)?
What risk factors should investors consider before investing in the Carlyle Credit Income Fund Shares of Beneficial Interest CCIF, particularly with regard to the Fund's focus on equity and junior debt tranches?
Given the BBB+ rating from Egan-Jones, how does the Carlyle Credit Income Fund Shares of Beneficial Interest CCIF compare to other investment options in terms of risk and return?
What provisions or advantages do the Carlyle Credit Income Fund Shares of Beneficial Interest CCIF offer to investors that differentiate it from other closed-end funds in the market?
**MWN-AI FAQ is based on asking OpenAI questions about Carlyle Credit Income Fund Shares of Beneficial Interest (NYSE: CCIF).
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