Carlyle Credit Income Fund f/k/a Vertical Capital Income Fund
|Carlyle Credit Income Fund f/k/a Vertical Capital Income Fund
On January 12, 2023, the Fund announced that its current investment manager would be replaced by Carlyle Global Credit Investment Management L.L.C., and that the Fund’s investment mandate would change from investing in residential home loans to investing in equity and debt tranches of collateralized loan obligations. The replacement was subject to approval by shareholder vote with the condition that the Fund sell at least 95% of its legacy residential portfolio.
Then, on July 11, 2023, the Fund announced that it had sold most of its legacy loan portfolio for “aggregate proceeds lower than the book value of the combined assets…,” and as a result, the Fund had revised its NAV to $8.27 per share.
On this news, the Fund’s stock fell $1.45, or 14.7%, to close at $8.45 per share on July 11, 2023, thereby injuring investors.
Submit Your Information
If you suffered a loss on your Carlyle Credit Income Fund f/k/a Vertical Capital Income Fund investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.