| Preferred Stock Offering Details: |
Carlyle Credit Income Fund (the "Fund") (NYSE: CCIF) today announced that it has commenced an underwritten public offering of its Series A Preferred Shares (the "Preferred Shares"). The public offering price and other terms of the Preferred Shares are to be determined by negotiations between the Fund and the underwriters. The Preferred Shares are rated 'BBB+' by Egan-Jones Ratings Company, an independent rating agency. In addition, the Fund plans to grant the underwriters a 30-day option to purchase additional shares of Preferred Shares on the same terms and conditions to cover overallotments, if any. The Preferred Shares are expected to be listed on the New York Stock Exchange and to trade thereon within 30 days of the original issue date under the symbol "CCIA." -updated 10/19- Carlyle Credit Income Fund (the "Fund") (NYSE: CCIF) today announced that it has priced an underwritten public offering of 1.2 million shares of its 8.75% Series A Preferred Shares due 2028 (the "Preferred Shares") at a public offering price of $25 per share, which will result in net proceeds to the Fund of approximately $28.8 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Fund. The Preferred Shares are rated 'BBB+' by Egan-Jones Ratings Company, an independent rating agency. The offering is expected to close on October 24, 2023, subject to customary closing conditions. The Fund has granted the underwriters a 30-day option to purchase up to an additional 180,000 shares of Preferred Shares. The Preferred Shares are expected to be listed on the New York Stock Exchange and to trade thereon within 30 days of the original issue date under the symbol "CCIA." |
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