Bulldog Investors Responds to Adjournment of the Annual Meeting of Stockholders of Vertical Capital
September 03, 2019 at 09:15 am
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On September, 3, 2019, Bulldog Investors, LLC announced that it responded to the adjournment of the annual meeting of stockholders of Vertical Capital Income Fund, which was scheduled to be held on August 30, 2019. Bulldog Investors stated that Oakline Advisors, LLC currently serves as the Fund’s investment adviser under an interim agreement that expires on September 11, 2019, the date to which the meeting was adjourned, unless the agreement is approved by stockholders. Phillip Goldstein, a managing member of Bulldog commented that based upon the most recent voting results from Bulldog proxy solicitor, he expressed his view that the contract will likely terminate on September 11. In addition, Bulldog urged the board to (1) announce a contingency plan for managing the Fund after September 11, and (2) reconsider whether the Fund should be dissolved.
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 
