Carlyle Credit Income Fund Announces Private Placement of Convertible Preferred Shares and Registered Direct Placement of Common Shares

Core Viewpoint - Carlyle Credit Income Fund has entered into a Purchase Agreement for approximately 20,000 shares of its 7.50% Series C Convertible Preferred Shares, expecting to receive net proceeds of approximately $18.6 million from the sale [1][9]. Group 1: Convertible Preferred Shares Details - The Convertible Preferred Shares have a fixed annual dividend rate of 7.50%, equating to $75.00 per share per year [2]. - The Fund is obligated to redeem all outstanding Convertible Preferred Shares on January 31, 2030, at a price equal to the liquidation preference plus any accumulated but unpaid dividends [3]. - The Fund may redeem the Convertible Preferred Shares at its discretion starting from July 31, 2025, at a price equal to the liquidation preference plus any accumulated but unpaid dividends [4]. Group 2: Conversion Rights - Holders of Convertible Preferred Shares can convert them into common shares at any time after six months from the issuance date, based on a specified conversion price [5]. Group 3: Offering and Regulatory Information - The Convertible Preferred Shares will not be listed on any exchange and cannot be transferred without the Fund's consent [6]. - The shares are being issued under an exemption from registration under the Securities Act of 1933 and have not been registered [7]. Group 4: Use of Proceeds - The net proceeds from the offering will be used to acquire investments, make distributions to shareholders, and for general working capital purposes [9]. Group 5: Fund Overview - Carlyle Credit Income Fund is an externally managed closed-end fund focused on investing in equity and junior debt tranches of collateralized loan obligations, primarily backed by U.S. senior secured loans [11].