secwatch.observer — SEC 8-K summary
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Issuer:     Carlyle Credit Income Fund (CCIF)
CIK:        0001517767
Form:       8-K
Filed at:   2023-01-13T23:59:59+00:00
Accession:  0001580642-23-000214
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517767/000158064223000214/0001580642-23-000214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517767/000158064223000214/verticalcapital8k.htm
  HTML page:      https://secwatch.observer/filing/0001580642-23-000214

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