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CARLYLE CREDIT INCOME FUND ANNOUNCES OFFERING OF PREFERRED SHARES
NEW YORK, Oct. 18, 2023 /PRNewswire/ -- Carlyle Credit Income Fund (the "Fund") (NYSE: CCIF) today announced that it has commenced an underwritten public
About this update from The Carlyle Group Inc.
[{"type":"text","content":"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.\n\n \n \n \n \n \n \n\n \nThe 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.\"\nLadenburg 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.\nInvestors 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.\nA 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: [email protected]; copies may also be obtained for free by visiting ED...