Bulldog Investors, LLC Enters into a Standstill Agreement with Vertical Capital Income Fund
May 19, 2020 at 05:54 pm IST
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On May 19, 2020, Bulldog Investors, LLC announced that it entered into a standstill agreement with Vertical Capital Income Fund on May 18, 2020. Bulldog Investors stated that the Fund's Nominating Committee has considered and will recommend the nomination of Jack Lee Macdowell, Jr. for election as a Trustee of the Fund at the 2020 annual meeting of shareholders of the Fund to the Board of Trustees of the Fund; and the Board will consider the Nominating Committee's recommendation that Macdowell be nominated for election as a trustee and undertakes to approve such nomination and prior to the execution and delivery of this agreement, Macdowell has agreed to enter into a non-disclosure agreement with the Fund, and from the date of this agreement until the 2020 annual meeting of Fund shareholders will be permitted to participate in meetings of the Board as a non-voting observer.
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 
