Carlyle Credit Income Fund has announced its intention to partially redeem $6 million of its Series D Preferred Shares on November 18, 2026. This decision is significant as it reflects the fund's strategy to manage its capital structure effectively in a changing market environment.
Carlyle Credit Income Fund, traded on the NYSE under the tickers CCIF and CCID, is an investment company focused on generating income through credit investments. The fund operates under the Investment Company Act of 1940, and its recent filings indicate a proactive approach to its financial management.
The filing, dated October 19, 2026, specifies that the redemption will involve 240,000 shares at a price of $25.00 per share. The fund reserves the right to postpone or cancel the redemption at its discretion. According to the filing, "The Fund intends to partially redeem its outstanding Series D Preferred Shares... pursuant to the terms of the Fourth Supplement to the Amended and Restated Declaration of Trust." This indicates a structured approach to managing its equity obligations.
This partial redemption may affect current and prospective shareholders of Carlyle Credit Income Fund, particularly those holding Series D Preferred Shares. The decision to redeem shares could influence investor sentiment and market perceptions of the fund's financial health.
Looking ahead, the filing does not specify any further actions or upcoming filings related to this redemption, leaving investors to await additional updates from the fund.