Carlyle Credit Income Fund (CCIF) Declares August 2023 Dividend and Announces July 31, 2023 Net Asset Value

About this update from The Carlyle Group Inc.

[{"type":"text","content":"NEW YORK, Aug. 10, 2023 /PRNewswire/ -- Carlyle Credit Income Fund (the \"Fund\") (NYSE: CCIF) today is pleased to announce the declaration of a monthly dividend on shares of the Fund's common stock of $0.0551 per share, payable on August 31, 2023, to shareholders of record as of August 21, 2023. The monthly dividend remains in line with the July 2023 dividend of $0.0551 per share, which represented an annualized yield of 8.0% based on $8.27 net asset value as of the closing of the transaction and was paid to shareholders of record on July 31, 2023. The monthly dividend represents an annualized yield of 8.1% based on the midpoint of Management's unaudited estimate of the range of net asset value per share between $8.16 and $8.26 as of July 31, 2023.\n\n \n \n \n \n \n \n\n \nCCIF successfully deployed 76.7% of the initial cash proceeds received from the portfolio sale announced on July 11, 2023, into a diverse pool of equity tranches of collateralized loan obligations (CLOs). The weighted average effective yield of our CLO equity investments at cost as of August 10th, 2023, is 18.7%. Carlyle leveraged its expertise and long-standing relationships within the CLO industry to deploy this capital on behalf of CCIF shareholders.\nDividends on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital. The specific tax characteristics of the dividends will be reported to the Company's shareholders on Form 1099 after the end of the 2023 calendar year.\nShares 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 dividend rates relative to similar investments, investors' expectations for future dividend 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 the Fund. An investment in the Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund's investm...

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