---
schema_version: "secwatch.filing_event.v1"
accession: "0001580642-23-000214"
form_type: "8-K"
ticker: "CCIF"
cik: "0001517767"
company_name: "Carlyle Credit Income Fund"
filed_at: "2023-01-13T23:59:59+00:00"
generated_at: "2026-06-20T15:18:24.452730+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# VCIF enters deal with Carlyle: new adviser, CLO strategy, $10M shareholder payment

## Summary
- Carlyle Global Credit to replace Oakline as VCIF's investment adviser; fund to invest primarily in CLO debt/equity tranches.
- VCIF shareholders receive $10M special payment (~$0.96/share); Carlyle to tender up to $25M shares at NAV.
- All current trustees and officers to be replaced; five new trustees nominated (Garbin, Handa, McCabe, Marcus, Basmadjian).
- Closing requires shareholder approval of advisory agreement, non-diversified status, amended charter, and liquidation of 95% of existing assets.
- Carlyle affiliate to invest up to $25M in new shares at NAV; transaction expected to close after shareholder vote.

## SEC filing metadata
- accession: 0001580642-23-000214
- form_type: 8-K
- ticker: CCIF
- cik: 0001517767
- company_name: Carlyle Credit Income Fund
- filed_at: 2023-01-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1517767/000158064223000214/0001580642-23-000214-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1517767/000158064223000214/verticalcapital8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001580642-23-000214
- JSON: https://secwatch.observer/filing/0001580642-23-000214.json
- Plain text: https://secwatch.observer/filing/0001580642-23-000214.txt

## Key facts
- Material Agreements
  Carlyle Credit Income Fund entered into Transaction Agreement with Carlyle Global Credit Investment Management, L.L.C. (effective 2023-01-12).
  - Action: entry
  - Counterparty: Carlyle Global Credit Investment Management, L.L.C.
  - Effective: 2023-01-12
  source text: On January 12, 2023, Vertical Capital Income Fund (the “Fund”) entered into a definitive agreement (the "Transaction Agreement") with Carlyle Global Credit Investment Management, L.L.C. ("CGCIM")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1517767/000158064223000214/0001580642-23-000214-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.