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NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Carlyle Credit Income Fund (“we,” “us,” “our,” “CCIF” or the “Fund”) (NYSE: CCIF) today announced its financial results for its first quarter ending December 31, 2024. The full detailed presentation of the Fund’s first quarter 2025 financial results can be viewed on the Fund’s website carlylecreditincomefund.com/investor-dashboard.
Lauren Basmadjian, CCIF’s Chief Executive Officer said, “Our first quarter results reflect strong momentum as we entered 2025 following a record year of issuance in the CLO market. We have maintained a stable monthly dividend as we continue to scale the fund. Fundamentals in the CLO market remain strong and our private placement of convertible preferred shares completed in January provides the fund with net proceeds to fuel a strong year of investment activity.”
Over the past quarter, the Fund has successfully:
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Maintained the monthly dividend of 10.5 cents through May 2025, equating to a 16.45% annualized dividend based on share price as of February 24, 2025, or 16.84% based on the Fund’s NAV as of January 31, 2025.
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Funded $12.0 million in new CLO investments with a weighted average GAAP yield of 16.8%. The aggregate portfolio weighted average GAAP yield was 17.2% as of December 31, 2024.
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Sold 1,370,000 common shares in connection with the ATM offering program at a premium to NAV for net proceeds of $11.0 million.
Net investment income was $0.26 per common share and core net investment income was $0.44 per common share for the first quarter of 2025. Net asset value per common share was $7.44 as of December 31, 2024. The total fair value of investments was $177.9 million as of December 31, 2024.
Dividends
CCIF is maintaining a monthly dividend on shares of the Fund’s common stock of $0.1050 per share for March, April, and May 2025.
| Security | Amount per Share | Record Dates | Payable Dates | |
| Common Stock | $0.1050 | March 19, 2025 | March 31, 2025 | |
| April 17, 2025 | April 30, 2025 | |||
| May 19, 2025 | May 30, 2025 | |||
CCIF is also pleased to announce the declaration of dividends on shares of the Fund’s 8.75% Series A Term Preferred Shares of $0.1823 per share for March, April, and May 2025.
| Security | Amount per Share | Record Dates | Payable Dates | |
| Series A Preferred Shares | $0.1823 | March 19, 2025 | March 31, 2025 | |
| April 17, 2025 | April 30, 2025 | |||
| May 19, 2025 | May 30, 2025 | |||
Conference Call
The Fund will host a conference call at 10:00 a.m. EST on Thursday, February 27, 2025, to discuss its first 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.