Bulldog Investors Discloses its Views on Vertical Capital
July 30, 2019 at 01:34 am IST
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On July 29, 2019, Bulldog Investors, LLC expressed its view that Vertical Capital Income Fund’s shares are undervalued and has communicated its concern to management. Bulldog Investors also stated that it intends to solicit proxies for the annual meeting scheduled for August 30, 2019 to oppose the approval of a new investment advisory agreement between the Company and Oakline Advisors, LLC and the re-election of Robert Boulware to the Company's Board of Trustees.
Carlyle Credit Income Fund is an externally managed closed-end fund focused on investing in primarily equity and junior debt tranches of collateralized loan obligations (CLOs). The CLOs are collateralized by a portfolio consisting primarily of the United States senior secured loans with a large number of distinct underlying borrowers across various industry sectors. The Fundâs primary investment objective is to generate current income, with a secondary objective to generate capital appreciation. The Fund seeks to achieve its investment objectives by investing primarily in equity and junior debt tranches of CLOs. The Fund may also invest in other related securities and instruments or other securities and instruments, including senior debt tranches of CLOs, loan accumulation facilities (LAFs) and securities issued by other securitization vehicles, such as collateralized bond obligations (CBOs). The Fund is externally managed by Carlyle Global Credit Investment Management L.L.C.
CARLYLE CREDIT INCOME FUND 
