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Carlyle Credit Income Fund Announces Q4 2025 Financial Results

CCIA

Earnings

Dividends

Convertible Preferred Issuance

Carlyle Credit Income Fund (CCIF) maintained its monthly dividend at 10.5 cents per share, providing 102% coverage by core net investment income of 32 cents per share for Q4 2025.
The fund reported a Net Asset Value (NAV) of $6.13 per share as of September 30.
CCIF's portfolio generated an aggregate weighted average GAAP yield of 14.4% and an average cash yield of 21.8% for the quarter.
In Q4 2025, CCIF issued 7.375% Series D term preferred shares and 7.25% Series E convertible preferred shares, using the proceeds to redeem $52 million of 8.75% Series A term preferred shares, which reduced the cost of capital by 1.42%.
The underlying loan portfolio's weighted average spread declined by 10 basis points over three months to 3.12%, while CCIF's loan portfolio experienced a default rate of 1.1%, significantly lower than the broader market's 3.5%.

Nov 19, 2025, 3:00 PM

Carlyle Credit Income Fund Reports Q4 2025 Financial Results and Capital Optimization

CCIA

Earnings

Dividends

Convertible Preferred Issuance

For Q4 2025, Carlyle Credit Income Fund (CCIA) reported core net investment income of $0.32 per share, providing 102% dividend coverage for its $0.105 per share monthly dividend. The fund also generated $0.51 per share in recurring cash flows, covering the dividend by 162%.
The portfolio achieved a cash-on-cash yield of 21.8% for the quarter, with an aggregate weighted average GAAP yield of 14.4% as of September 30. The weighted average spread on the underlying loan portfolio declined to 3.12%.
CCIA optimized its capital structure by issuing 7.375% Series D term preferred shares and 7.25% Series E convertible preferred shares, using the proceeds to redeem $52 million of 8.75% Series A term preferred shares on November 3, which reduced the cost of capital by approximately 1.42%.
CLO issuance totaled $52 billion for the quarter, with $38 billion in refinancings and $66 billion in resets. Management anticipates an increase in loan activity in 2025, driven by declining base rates and continued economic growth.

Nov 19, 2025, 3:00 PM

Carlyle Credit Income Fund (CCIA) Announces Q4 2025 Results and Capital Activity

CCIA

Earnings

Dividends

Convertible Preferred Issuance

For Q4 2025, Carlyle Credit Income Fund (CCIA) reported net investment income of $0.15 per common share, adjusted net investment income of $0.17 per common share, and core net investment income of $0.32 per common share.
The Net Asset Value (NAV) per common share was $6.13 as of September 30, 2025.
The fund declared monthly dividends of $0.105 per common share for December 2025, January 2026, and February 2026, equating to an annualized dividend rate of 24.14%.
CCIA issued $30 million of 7.375% Series D Term Preferred Shares and completed a private placement of 7.25% convertible preferred shares for approximately $16.3 million on October 30, 2025.
Additionally, the fund redeemed all $52 million 8.75% Series A Term Preferred Shares on November 3, 2025, and established a $30 million Credit Facility.

Nov 19, 2025, 3:00 PM

Carlyle Credit Income Fund Reports Q4 2025 Financial Results and Strategic Capital Actions

CCIA

Earnings

Dividends

Convertible Preferred Issuance

Carlyle Credit Income Fund (CCIF) reported Q4 2025 net investment income of $3.2 million or 15 cents per share, with core net investment income at 32 cents per share, providing 102% coverage for its monthly dividend. The net asset value as of September 30 was $6.13 per share.
The fund maintained its monthly dividend at 10.5 cents per share, declared through February 2026, supported by 51 cents of recurring cash flows for the quarter, representing 162% dividend coverage.
CCIF's portfolio demonstrated strength with an aggregate weighted average GAAP yield of 14.4% and an average cash yield of 21.8% on CLO investments for the quarter. The underlying loan portfolio's default rate was 1.1%, significantly lower than the broader market's 3.5%.
The company executed strategic capital structure changes by entering a $30 million credit facility, issuing 7.375% Series D term preferred shares and 7.25% Series E convertible preferred shares, and redeeming $52 million of 8.75% Series A term preferred shares, which reduced the cost of capital by approximately 1.42%.