8-K
filed June 15, 2023, 7:59 PM ET
ticker CCIF
CIK 0001517767
other material
confidence high
sentiment neutral
materiality 0.15
Shareholders approve new investment adviser Carlyle Global Credit and governance changes
Carlyle Credit Income Fund
- Approved investment advisory agreement with Carlyle Global Credit Investment Management L.L.C. (5.59M for, 0.60M against).
- Approved change from diversified to non-diversified fund classification (5.57M for, 0.61M against).
- Approved industry concentration policy change from mortgage-related to non-concentrated (5.58M for, 0.60M against).
- Elected five trustees: Garbin, Handa, McCabe, Marcus, Basmadjian each with ~5.5M votes for.
- Approved multiple Declaration of Trust amendments including higher vote thresholds and exclusive jurisdiction clause.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Carlyle Credit Income Fund shareholders approved To approve increase to shareholder vote threshold to approve changes to Declaration of Trust as follows. No amendment may be made to certain sections except after a majority of the Trustees have approved and at least 75% of outstanding shares have approved, unless approved by 80% of Trustees then a at the 2023-06-15 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
To approve increase to shareholder vote threshold to approve changes to Declaration of Trust as follows.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Carlyle Credit Income Fund shareholders approved To approve a change in the Fund's industry concentration policy from concentrated in the mortgage-related industry to non-concentrated. at the 2023-06-15 meeting.
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
To approve a change in the Fund's industry concentration policy from concentrated in the mortgage-related industry to non-concentrated.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Carlyle Credit Income Fund shareholders approved To approve a change in the Fund's classification from a diversified investment company to a non-diversified investment company. at the 2023-06-15 meeting.
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
To approve a change in the Fund's classification from a diversified investment company to a non-diversified investment company.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Carlyle Credit Income Fund shareholders approved To approve a change to the Fund's Declaration of Trust to require shareholders representing at least 10% of shares to join in a derivative action when the demand on the Board is not excused. at the 2023-06-15 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
To approve a change to the Fund's Declaration of Trust to require shareholders representing at least 10% of shares to join in a derivative action when the demand on the Board is not excused.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Carlyle Credit Income Fund shareholders approved To approve of all other changes to the Fund's Declaration of Trust not addressed in Proposals 5-10. at the 2023-06-15 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
To approve of all other changes to the Fund's Declaration of Trust not addressed in Proposals 5-10.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Carlyle Credit Income Fund shareholders approved To approve an investment advisory agreement between the Fund and a new investment adviser, Carlyle Global Credit Investment Management L.L.C. at the 2023-06-15 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
At a Special Meeting of Shareholders of the Fund held on June 15, 2023 (Special Meeting #2), shareholders voted to approve an investment advisory agreement between the Fund and a new investment adviser, Carlyle Global Credit Investment Management L.L.C.; as well as other changes to the Fund’s policies and governing documents as described below.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Carlyle Credit Income Fund shareholders approved To approve a change to the Fund's Declaration of Trust to add a Delaware state court exclusive jurisdiction clause. at the 2023-06-15 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
To approve a change to the Fund's Declaration of Trust to add a Delaware state court exclusive jurisdiction clause.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Carlyle Credit Income Fund shareholders approved To approve a change in the Fund's Declaration of Trust that would increase the shareholder approval threshold in a contested Trustee election to a majority of shares outstanding. at the 2023-06-15 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
To approve a change in the Fund's Declaration of Trust that would increase the shareholder approval threshold in a contested Trustee election to a majority of shares outstanding.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Carlyle Credit Income Fund shareholders approved To approve a change to the Fund's Declaration of Trust stating that the Fund may only be dissolved upon approval of at least 80% of the Trustees. at the 2023-06-15 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
To approve a change to the Fund's Declaration of Trust stating that the Fund may only be dissolved upon approval of at least 80% of the Trustees.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Carlyle Credit Income Fund shareholders approved To approve certain vote threshold changes to the Declaration of Trust as follows. To approve certain merger or similar transaction conditions such that a merger or similar transactions with a Principal Shareholder shall require approval from a majority of the Trustees then in office and the affirmat at the 2023-06-15 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
To approve certain vote threshold changes to the Declaration of Trust as follows.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Carlyle Credit Income Fund shareholders approved Election of five trustee nominees at the 2023-06-15 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
At a Special Meeting of Shareholders of Vertical Capital Income Fund (the “Fund”) held on June 15, 2023 (Special Meeting #1), shareholders voted to elect five trustee nominees.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Carlyle Credit Income Fund shareholders approved To approve Amended and Restated By-Laws for the Fund. at the 2023-06-15 meeting.
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
To approve Amended and Restated By-Laws for the Fund.
View on SEC.gov
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