Carlyle Credit Income Fund Announces First Quarter 2024 Financial Results and Announces 5.63% Increase in Monthly Common Dividend – Company Announcement

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, February 29, 2024 /PRNewswire/ — Carlyle Credit Income Fund (the “Company”, “We”, “Our”, “CCIF” or the “Fund”) (NYSE: CCIF) today announced its financial results for the end of its first quarter. December 31, 2023. A complete detailed presentation of the Fund’s first quarter 2024 financial results is available on the Fund’s website at carlylecreditincomefund.com/investor-dashboard.

Lauren BasmajianCCIF’s chief executive officer said, “We are pleased with our performance over the past quarter and the completion of the reallocation of our portfolio to CLO equity tranches, which is consistent with Carlyle’s strategy and the fund’s mission.” said. As our portfolio improves, we are increasing our monthly ordinary dividends. 10.5 cents per share. We expect the increase in monthly dividends to be fully covered by net investment income. Carlyle owns his 41% interest in CCIF and remains passionate about CCIF’s success. ”

Over the past quarter, the Fund has been successful in:

• Deployed $40 million The weighted average GAAP yield for the CLO equity position is now 26%, and the weighted average GAAP yield for the portfolio has now increased to 20.3%. December 31, 2023;
• Decided to increase monthly dividend 10.5 cents through May 2024which equates to an annualized dividend of 15.91% based on the current stock price. February 28, 2024;
• Through the issuance of 8.75% Series A period preferred stock due in 2028, the fund will be utilized to achieve the target leverage of 0.25x to 0.40x. Published by CCIF $52 million Total up to first issue $30 million upon October 18th,incremental 2 million dollars By the underwriter’s partial exercise of the green shoe, 20 million dollars Add-on pricing November 21st.

Net investment income for the first quarter of 2024 was $0.24 Net assets per share of common stock and net assets per share of common stock are $7.99 upon December 31, 2023. Net investment income in the first quarter was held back as the fund failed to meet his leverage target until the end of November. Revenues from priority services were utilized through the end of the quarter. The total fair value of the investments is $127.3 million the current December 31, 2023.

dividend

CCIF declares monthly dividends on the Fund’s common shares. $0.1050 March, April, per share May 2024. The monthly dividend represents an annualized yield of 15.91% based on the closing stock price. $7.92 upon February 28, 2024.

CCIF is also pleased to announce the declaration of a dividend on the Fund’s 8.75% Series A Term Preferred Stock. $0.1823 March, April, per share May 2024.

Conference call

The Fund will host conference calls at the following locations: 10am (Eastern Daylight Time) upon Friday, March 1, 2024 This is to explain our financial results for the first quarter. Register for the conference call here. Conference call information is also available at the following link: Carlyle Credit Income Fund As soon as the call is completed, the recording will be available on our website.

about Carlyle Credit Income Fund

Carlyle Credit Income Fund (NYSE: CCIF) is an externally managed, closed-end fund focused primarily on investing in junior debt tranches of equity and collateralized loan obligations (“CLOs”). CLOs are collateralized by a portfolio primarily comprised of: we Senior secured loans with a number of distinct backers across a variety of industry sectors. CCIF is externally managed. Carlyle Global Credit Investment Management LLC (“CGCIM”), SEC-A registered investment advisor and a wholly owned subsidiary of Carlyle. CCIF leverages the significant scale and resources of Carlyle, one of the world’s largest CLO managers.

Website: www.carlylecreditincomefund.com

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements that involve significant risks and uncertainties. These statements include the words “anticipate,” “believe,” “expect,” “intend,” “plan,” “should,” “may,” “plan,” and “continue.” , “continue” and other forward-looking terminology. “believe,” “seek,” “estimate,” “would,” “could,” “aim,” “plan,” “outlook,” “could,” “predict,” and variations of these words or similar expressions to identify you. However, not all forward-looking statements include these words. Please read statements containing these words carefully because they address our plans, strategies, prospects and expectations regarding our business, results of operations, financial condition and other similar matters. We believe it is important to communicate future expectations to investors. However, events may occur in the future that we cannot accurately predict or control. You should not place undue reliance on these forward-looking statements, which speak only as of the date made by us. Factors or events that could cause our actual results to differ materially from our expectations include the risks, uncertainties and other risks we have identified in the sections titled “Risk Factors” and “Forward-Looking Cautionary Statement.” factors including, but not limited to: It is stated in the document that submits the “investigation statement”. securities and exchange commission, it is impossible to predict or identify them all. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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