Press release
CARLYLE CREDIT INCOME FUND PRICES OFFERING OF PREFERRED SHARES
NEW YORK, Nov. 21, 2023 /PRNewswire/ -- Carlyle Credit Income Fund (the "Fund") (NYSE: CCIF) today announced that it has priced an offering of an additional
About this update from The Carlyle Group Inc.
[{"type":"text","content":"NEW YORK, Nov. 21, 2023 /PRNewswire/ -- Carlyle Credit Income Fund (the \"Fund\") (NYSE: CCIF) today announced that it has priced an offering of an additional 800,000 8.75% Series A Preferred Shares due 2028 (the \"Preferred Shares\"), which will result in net proceeds to the Fund of approximately $19.3 million after payment of estimated offering expenses payable by the Fund. The Preferred Shares are rated 'BBB+' by Egan-Jones Ratings Company, an independent rating agency.\n\n \n \n \n \n \n \n\n \nThe offering is expected to close on or about November 30, 2023, subject to customary closing conditions. The Preferred Shares are listed on the New York Stock Exchange under the symbol \"CCIA.\"\nThe Fund intends to use the net proceeds from the sale of the shares of its Preferred Shares to acquire investments in accordance with its investment objectives and strategies and for general working capital purposes.\nInvestors should consider the Fund's investment objectives, risks, charges, and expenses carefully before investing. The prospectus supplement dated November 21, 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 Carlyle Credit Income Fund at One Vanderbilt Avenue, Suite 3400, New York, NY 10017, by calling toll-free (866) 277-8243 or by sending an e-mail to: [email protected]; copies may also be obtained for free by visiting EDGAR on the SEC's website at http://www.sec.gov.\nEgan-Jones Ratings Company is a nationally recognized statistical rating organization (NRSRO). A security rating...