Carlyle Credit Income Fund Delivers Strong Q2 Financial Results
NEW YORK — Carlyle Credit Income Fund (NYSE: CCIF) recently revealed its financial outcomes for the second quarter concluding March 31. This presentation highlights the Fund's resilience and strategic positioning within the competitive loan and CLO market.
Resilience in Market Volatility
Nishil Mehta, the Fund’s Principal Executive Officer, noted that the results showcase the robust nature of the loan and CLO sector, even as macroeconomic conditions shift. He expressed confidence that the portfolio is prepared to handle ongoing market fluctuations. This includes successful refinancings and resets of CLO positions which further strengthen the Fund's financial standing.
The proactive steps taken by the Fund display a commitment to maintaining stability. CCIF has upheld a consistent monthly dividend and is actively engaging in capital market activities to enhance the Fund's growth, demonstrating a balanced approach to portfolio management.
Key Highlights from the Quarter
During the past quarter, several key achievements were recorded:
- The Fund sustained a monthly dividend of 10.5 cents, projecting an impressive annualized yield of 18.75% based on share price.
- Successful funding of $30.3 million in new CLO investments, recording a weighted average GAAP yield of 15.41%, showcasing an attractive investment approach.
- Finalized a private placement of convertible preferred shares, raising $18.6 million in net proceeds.
- Executed the sale of 1,610,000 common shares via the ATM offering program, generating net proceeds of $12.2 million.
From a financial standpoint, the Fund achieved net investment income of $0.23 per common share for the quarter. In addition, adjusted net investment income stood at $0.26, while core net investment income reached $0.27 per common share.
Stability Through Dividends
The current variables in the financial market aren't hindering CCIF's ability to maintain its monthly dividend payouts. The Fund is ready to distribute $0.1050 per common share for the upcoming months. This reflects a solid commitment to returning value to shareholders and showcases the efficacy of the Fund's strategic measures.
Dividend Breakdown
The monthly dividends for June, July, and August to common stockholders are outlined as follows:
- Common Stock: $0.1050 per share
- Record Dates: June 17, July 21, August 19
- Payable Dates: June 30, July 31, August 29
Series A Preferred Shares Dividends
CCIF is also set to declare dividends for the Fund’s 8.75% Series A Term Preferred Shares, at a rate of $0.1823 per share.
Preferred Dividends Breakdown
- Series A Preferred Shares: $0.1823 per share
- Record Dates: June 17, July 21, August 19
- Payable Dates: June 30, July 31, August 29
Conference Call Announcement
The Fund will conduct a conference call to discuss the second quarter results on the scheduled date. Interested participants can register and access the call through the Fund's website. This call will provide a more detailed overview of the results and insights into future strategies.
Understanding Non-GAAP Financial Measures
In addition to regular financial disclosures, the Fund reports non-GAAP measures of Adjusted Net Investment Income and Core Net Investment Income. These metrics are pivotal for internal reviews and are beneficial for investors to assess the underlying financial health of the Fund.
About Carlyle Credit Income Fund
Carlyle Credit Income Fund focuses primarily on equity and junior debt tranches of CLOs. Managed by Carlyle Global Credit Investment Management, the Fund is committed to leveraging its extensive resources and market position to enhance returns and navigate the complexities of the investment landscape.
For further information, stakeholders can visit the Fund's official website.
Frequently Asked Questions
What are the key financial results for Carlyle Credit Income Fund in Q2?
The Fund reported a net investment income of $0.23 per common share and maintained a dividend of $0.1050 per share.
How much did Carlyle Credit Income Fund invest in new CLOs this past quarter?
The Fund successfully funded $30.3 million in new CLO investments at a weighted average GAAP yield of 15.41%.
What dividends has Carlyle Credit Income Fund declared for the upcoming months?
The Fund declared dividend payments of $0.1050 per common share for June, July, and August 2025.
When will the conference call regarding Q2 results take place?
The conference call is scheduled for 10:00 a.m. EDT to discuss the financial results.
What is the significance of the non-GAAP financial measures reported by the Fund?
The non-GAAP measures provide investors with a clearer picture of the Fund’s operating performance and financial health.
