CCIA: Term Preferred Equity From A Carlyle CEF, 8.4% Yield

NEW YORK, Nov. 21, 2023 /PRNewswire/ -- Carlyle Credit Income Fund (the "Fund") (NYSE: CCIF) today announced that it has priced an offering of an additional 800,000 8.75% Series A Preferred Shares due 2028 (the "Preferred Shares"), which will result in net proceeds to the Fund of approximately $19.3 million after payment of estimated offering expenses payable by the Fund. The Preferred Shares are rated 'BBB+' by Egan-Jones Ratings Company, an independent rating agency. To note, the preferred shares got an i ...