Carlyle Credit Income Fund A · NYSE:CCIF
Carlyle Credit Income Fund A — Carlyle Credit Income Fund — Q2 2026 Earnings Presentation
20 slides from Carlyle Credit Income Fund A's earnings presentation, May 20, 2026
Slide 1: Carlyle Credit Income Fund Q2 2026 Quarterly Earnings Presentation
Carlyle Credit Income Fund (“CCIF”) Q2 2026 Quarterly Earnings Presentation May 2026 1
Slide 2: Important Information
Important Information This presentation (the “Presentation”) has been prepared by Carlyle Credit Income Fund. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CCIF” or the “Fund”) (NYSE: CCIF) and may only be used for informational purposes only. This Presentation should be viewed i
Slide 3: Fund Overview
Fund Overview CLOs 1,423 21.49% (1) PRIMARILY INVESTING IN EQUITY AND JUNIOR DEBT TRANCHES OF COMPANIES IN UNDERLYING MONTHLY DIVIDEND THAT IS Carlyle Credit Income COLLATERALIZED LOAN EXPOSURE DECLARED QUARTERLY Fund (“CCIF”) Overview OBLIGATIONS (CLOs) Carlyle (NASDAQ:CG) $475 Billion 2,500+ EMPLO
Slide 4: Carlyle Firm Overview
Carlyle Firm Overview(1) Firm Overview Global Credit $209 bn AUM(3) 210+ investment professionals(4) Founded: 1987 AUM: $475 bn Global $159 bn AUM 435+ investment professionals Employees: 2,500+ Private Equity Investment Professionals: 775+(2) Offices / Countries: 28 / 17 Carlyle AlpInvest $107 bn A
Slide 5: Carlyle Global Credit Platform
Carlyle Global Credit Platform CARLYLE GLOBAL CREDIT – $209BN AUM(1) LIQUID CREDIT PRIVATE CREDIT REAL ASSETS CREDIT ASSET-BACKED FINANCE AUM: $47.7 billion AUM: $34.3 billion AUM: $20.0 billion AUM: $11.8 billion Directly originated Carlyle managed DIRECT loans, primarily first Commercial aircraft
Slide 6: Securities Overview
Securities Overview Overview of Common and Listed Preferred Shares Current Dividend Current Dividend Payment Description NYSE Ticker Market Cap (1) Closing Price (1) Rate Rate (2) Frequency Common Shares CCIF $71.58 mm $3.35 $0.06 21.49% Monthly Closing Maturity Callable Payment Description NYSE Tic
Slide 7: Q2 2026 Quarterly Results
Q2 2026 (Quarter Ended 3/31/26) Quarterly Results • Net investment income was $0.09 per common share ◦ Adjusted net investment income was $0.11 per common share after adjusting for the effect of amortization on the offering costs for the Fund's preferred shares and credit facility(1) Second ◦ Core n
Slide 8: Financial Performance Summary
Financial Performance Summary • Net investment income per share was $0.09 in Q2 2026 ◦ Adjusted net investment income per share was $0.11 ◦ Core net investment income per share was $0.29 • The quarterly dividend paid in Q2 2026 of $0.27 was supported by $0.44 in recurring cash flows, which also prov
Slide 9: Quarterly Operating Results Detail
Quarterly Operating Results Detail (Amounts in thousands, except per share data) Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 SUMMARY INCOME STATEMENT Total investment income $ 8,565 $ 8,609 $ 7,736 $ 7,121 $ 5,540 Total expenses (4,537) (4,682) (4,574) (5,157) (3,615) Net Investment Income $ 4,028 $ 3,9
Slide 10: Underlying Portfolio Overview
Underlying Portfolio Overview 0.2% CVC Credit Partners 1.7% Ares 12.4% 21.7% Elmwood Asset Management Voya Alternative Asset Management 8.4% CLO Equity Onex Credit Partners 4.3% Legacy Real Estate Loan Barings 8.3% CLO Debt Benefit Street Partners 6.6% Blackstone Liquid Credit Strategies 8.2% Allsta
Slide 11: Portfolio Overview
Portfolio Overview Summary of Underlying Portfolio Characteristics 3/31/2026 Diversified Portfolio across 44 unique CLO investments managed by 24 different CLO Managers Number of Unique Underlying Loan Obligors 1,423 Number of Underlying Loans 1,850 Aggregate Balance of Underlying Loans $17.89 Billi
Slide 12: Obligor and Industry Exposures
Obligor and Industry Exposures As of March 31, 2026, CCIF has exposure to 1,423 unique loan obligors across a range of industries Obligor and Industry Exposure Top 10 Underlying Obligors % Total Top 10 Industries of Underlying Obligors % Total TransDigm 0.60% Healthcare & Pharmaceuticals 12.13% Holo
Slide 13: Investment Positions as of March 31, 2026
Investment Positions as of March 31, 2026 YEARS YEARS % OF WEIGHTED WEIGHTED MARKET REMAINING IN REMAINING HOLDINGS JUNIOR OC AAA AVERAGE AVERAGE DIVERSITY CLO INVESTMENT VINTAGE VALUE (1) REINVESTMENT IN NON-CALL CCC+ OR CUSHION SPREAD PORTFOLIO RATING SCORE (3) PERIOD PERIOD LOWER SPREAD FACTOR(2)
Slide 14: Investment Positions as of March 31, 2026 (Cont'd)
Investment Positions as of March 31, 2026 (Cont'd) YEARS YEARS % OF WEIGHTED WEIGHTED MARKET REMAINING IN REMAINING HOLDINGS JUNIOR OC AAA AVERAGE AVERAGE DIVERSITY CLO INVESTMENT VINTAGE VALUE (1) REINVESTMENT IN NON-CALL CCC+ OR CUSHION SPREAD PORTFOLIO RATING SCORE (3) PERIOD PERIOD LOWER SPREAD
Slide 15: Capital Structure - 3/31/2026
Capital Structure - 3/31/2026 Principal Optional Call ($ in millions) Amount Carrying Value Coupon Rate Date / Optional Maturity Outstanding Conversion Date Credit Facility $8.0 $8.0 SOFR + 3.25% N/A 7/11/2028(1) Series B Convertible Preferred Shares $3.5 $3.5 7.125% 2/27/2025 8/27/2029 Series D Ter
Slide 16: Monthly Dividend Trend
Monthly Dividend Trend • In conjunction with earnings, CCIF has declared a dividend of $0.06 for the months of June, July, and August 2026, equating to an annualized dividend rate of 21.49% (1) • The dividend is supported by CNII of $0.29 per share and $0.44 per share of recurring cash flows for Q2
Slide 17: Appendix
CARLYLE CREDIT INCOME FUND Appendix
Slide 18: Quarterly Balance Sheet Detail
Quarterly Balance Sheet Detail (Dollar amounts in thousands, except per share data) Q2 2026 Assets Investments, at fair value $ 122,890 Cash and cash equivalents 2,813 Interest receivable from investments 3,610 Deferred financing costs 560 Prepaid expenses 163 Total assets $ 130,036 Liabilities & Ne
Slide 19: Quarterly Income Statement Detail
Quarterly Income Statement Detail (Dollar amounts in thousands, except per share data) Q2 2026 Investment Income Interest income $ 5,540 Total investment income $ 5,540 Expenses Interest expense $ 1,954 Management fee 650 Incentive fee 254 Professional fees 381 Other fees and expenses 376 Total expe
Slide 20: Non-GAAP Measures
Non-GAAP Measures We provide information relating to adjusted net investment income, a non-GAAP measure, on a supplemental basis. This measure is not provided as a substitute for GAAP net investment income ("GAAP NII'), but in addition to it. Adjusted net investment income represents GAAP NII adjust
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