In a recent filing with the Securities and Exchange Commission, Carlyle Credit Income Fund (NYSE:CCIF) disclosed its unaudited net asset value (NAV) per common share. As of November 30, 2024, the NAV stood at $7.65. This announcement came on Friday, according to the document submitted. According to InvestingPro data, the fund currently offers an impressive 15.3% dividend yield and has maintained dividend payments for 13 consecutive years.
Carlyle Credit Income Fund, formerly known as Vertical Capital Income Fund, is a financial entity incorporated in Delaware, with its principal executive offices located in New York, New York. The company's preferred shares, under the ticker CCIAN, are also listed on the New York Stock Exchange alongside its common shares. With a market capitalization of $109 million and current stock price of $8.21, the fund has demonstrated strong performance with a 19% year-to-date return, according to InvestingPro data.
The reported NAV is a key financial metric for funds like Carlyle Credit Income Fund, which is used to measure the value of a fund's assets minus the value of its liabilities, divided by the number of shares outstanding. Investors often use the NAV to gauge the performance of a fund and to make informed decisions about buying or selling shares.
It is important to note that the NAV figure provided is unaudited, which means it has not been reviewed by an independent third party. However, the information is based on the company's internal financial records as of the date specified. InvestingPro analysis shows the fund maintains a GREAT financial health score, with additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of over 1,400 US equities.
In other recent news, Carlyle Credit Income Fund (CCIF) has reported a robust financial performance for the fourth quarter of 2024. The fund's notable strength in CLO equity investments was evident, with a net investment income of $0.45 per share and recurring cash flows of $0.70 per share. This performance has been instrumental in maintaining its monthly dividend at $0.105 per share.
CCIF's total investment income for Q4 was $7.9 million or $0.55 per share, and the net investment income reached $4.2 million or $0.30 per share. The fund successfully completed capital raises, including a $22.2 million offering. The portfolio consists of 49 CLO investments with a weighted average GAAP yield of 18.63%.
Recent developments also include robust issuance activity in the CLO market, increasing by 42% year-over-year. CCIF remains optimistic about the loan and CLO markets, citing a resilient U.S. economy and low default rates. The fund plans to focus on defensive, high-quality positions in the current market environment.
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