Carlyle Credit Income Fund raises ~$18.6M via convertible preferred shares

Carlyle Credit Income Fund

Issued ~20,000 Series C Convertible Preferred Shares at $930/share, raising net proceeds ~$18.6M.
Dividend 7.50% annual ($75/share/year), payable quarterly starting April 30, 2025; mandatory redemption on Jan 31, 2030.
Convertible into common shares after 6 months at conversion price = higher of 5-day avg market price or most recent NAV.
Shares not listed on exchange, transfer restricted; sold without placement agent under Section 4(a)(2) exemption.
Proceeds to be used for investments, distributions, and working capital.

item 1.01 item 3.02 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Carlyle Credit Income Fund: Established Third Supplement to the Amended and Restated Declaration of Trust creating Series C Convertible Preferred Shares (effective 2025-01-31).

Change: charter amendment
Effective: 2025-01-31

Exact text from the filing

On January 31, 2025, the Fund adopted the Third Supplement to the Amended and Restated Declaration of Trust (the “Third Supplement”), establishing and fixing the rights and preferences of the Convertible Preferred Shares.

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247 governance changes filed in the last 30 days. Browse all governance changes →

Carlyle Credit Income Fund filing history →

Source: SEC EDGAR

accession 0001193125-25-018398

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