Carlyle Credit Income Fund announced an underwritten public offering of Series D Preferred Shares, rated 'BBB+'.
Quiver AI Summary
Carlyle Credit Income Fund announced the commencement of an underwritten public offering for its Series D Preferred Shares, with the offering price to be negotiated with underwriters. The Preferred Shares hold a ‘BBB+’ rating from Egan-Jones Ratings Company and are expected to be listed on the New York Stock Exchange under the symbol “CCID.” The Fund intends to give underwriters a 30-day option to purchase additional shares for overallotments. Led by Lucid Capital Markets LLC, with several co-managers, the offering follows the filing of a preliminary prospectus supplement with the SEC, which includes essential information about the Fund's investment objectives and risks. Investors are encouraged to refer to the prospectus for comprehensive details before investing.
Potential Positives
- The announcement of the underwritten public offering for Series D Preferred Shares indicates the Fund's intent to raise capital, which can be used to enhance its investment capabilities.
- The ‘BBB+’ rating by Egan-Jones Ratings Company adds credibility and confidence for potential investors, suggesting a strong credit quality for the Preferred Shares.
- The planned listing of the Preferred Shares on the New York Stock Exchange under the symbol “CCID” signifies a strategic move to increase market visibility and investor access.
Potential Negatives
- The press release indicates the offering of Series D Preferred Shares, which may signal a need for capital that could raise concerns among investors about the Fund's financial stability or existing obligations.
- The statement that the preliminary prospectus and accompanying documentation are not complete and may be changed could lead to investor uncertainty regarding the offering details and associated risks.
- The forward-looking statements include numerous risks and uncertainties, which could imply that the Fund might face challenges in achieving its projected outcomes, potentially affecting investor confidence.
FAQ
What is the Carlyle Credit Income Fund's latest offering?
The Fund has announced an underwritten public offering of its Series D Preferred Shares.
How are the Series D Preferred Shares rated?
The Preferred Shares are rated 'BBB+' by Egan-Jones Ratings Company.
Who is managing the public offering?
Lucid Capital Markets, LLC is the lead book-running manager, with B. Riley Securities and Piper Sandler as joint managers.
Where will the Preferred Shares be listed?
The Preferred Shares are expected to be listed on the New York Stock Exchange under the symbol “CCID.”
How can investors access the offering's prospectus?
Investors can obtain the prospectus by contacting Lucid Capital Markets or visiting the SEC's website.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CCIF Insider Trading Activity
$CCIF insiders have traded $CCIF stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $CCIF stock by insiders over the last 6 months:
- NISHIL MEHTA (President and PEO) purchased 16,650 shares for an estimated $100,233
- JOAN Y MCCABE purchased 15,822 shares for an estimated $99,995
- LAUREN MICHELLE BASMADJIAN purchased 7,898 shares for an estimated $49,994
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CCIF Hedge Fund Activity
We have seen 14 institutional investors add shares of $CCIF stock to their portfolio, and 9 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HANCOCK WHITNEY CORP added 217,347 shares (+inf%) to their portfolio in Q2 2025, for an estimated $1,408,408
- MORGAN STANLEY added 178,401 shares (+54.2%) to their portfolio in Q2 2025, for an estimated $1,156,038
- ACCESS FINANCIAL SERVICES, INC. removed 49,823 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $289,969
- CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. added 37,036 shares (+7.5%) to their portfolio in Q2 2025, for an estimated $239,993
- J.W. COLE ADVISORS, INC. added 30,808 shares (+16.3%) to their portfolio in Q2 2025, for an estimated $199,635
- HIGHTOWER ADVISORS, LLC removed 29,598 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $191,795
- TOWNSQUARE CAPITAL LLC removed 26,660 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $172,756
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Carlyle Credit Income Fund (the “Fund”) (NYSE: CCIF) today announced that it has commenced an underwritten public offering of its Series D 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.
The 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 “CCID.”
Lucid Capital Markets, LLC is acting as lead book-running manager for the offering, B. Riley Securities, Inc. and Piper Sandler & Co. are acting as joint book-running managers for the offering, A.G.P. / Alliance Global Partners is acting as lead manager for the offering and Clear Street LLC and InspereX LLC are acting as co-managers for the offering.
Investors should consider the Fund’s investment objectives, risks, charges, and expenses carefully before investing. The preliminary prospectus supplement dated October 23, 2025 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.
A 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 Lucid Capital Markets, LLC at 570 Lexington Avenue, New York, New York 10022, by calling toll-free 1-646-362-0256 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 .
Egan-Jones Ratings Company is a nationally recognized statistical rating organization (NRSRO). A security rating is not a recommendation to buy, sell or hold securities, and any such rating may be subject to revision or withdrawal at any time by the applicable rating agency.
ABOUT CARLYLE CREDIT INCOME FUND
The Fund is an externally managed closed-end fund focused on investing in primarily equity and junior debt tranches of collateralized loan obligations (“CLOs”). The CLOs are collateralized by a portfolio consisting primarily of U.S. senior secured loans with a large number of distinct underlying borrowers across various industry sectors. With Carlyle Global Credit Investment Management L.L.C. (“Carlyle”) as its investment adviser, the Fund draws upon the significant scale and resources of Carlyle and its affiliates as one of the world’s largest CLO managers. For more information, visit www.carlylecreditincomefund.com .
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Fund’s other filings with the SEC. The Fund undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Source: Carlyle Credit Income Fund
Investor Relations:
866-277-8243
[email protected]
www.carlylecreditincomefund.com
| Contacts: | |
| Investors: | Media: |
| Joseph Castilla | Kristen Ashton |
| +1 (866) 277-8243 | +1 (212) 813-4763 |
| [email protected] | [email protected] |
