CCIA: Term Preferred Equity From A Carlyle CEF, 8.4% Yield [Seeking Alpha]
Carlyle Credit Income Fund Shares of Beneficial Interest (CCIF)
Company Research
Source: Seeking Alpha
The preferred shares are trading above par, with a current yield of 8.47%, but have low liquidity and no upside potential. CCIF is a small fund with leverage, making it susceptible to significant 'gap-down' moves in case of a risk-off event, despite its strong asset manager. Despite being characterized as preferred shares, CCIA securities are present on the liability side of the CEF's balance sheet, given their accounting treatment. Thesis Carlyle Credit Income Fund ( CCIF ) is a fixed-income closed-end fund with a very interesting story. The fund was originally called Vertical Capital Income Fund and used to invest in residential mortgage whole loans. The CEF was purchased by Recommended For You Recommended For You About CCIA Stock More on CCIA Related Stocks Trending Analysis Trending News
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CCIF
News
- Carlyle Credit Income Fund (NYSE: CCIF) was upgraded by analysts at B. Riley to a "strong-buy" rating.MarketBeat
- Carlyle Credit Income Fund (NYSE: CCIF) is now covered by analysts at B. Riley. They set a "buy" rating and a $9.00 price target on the stock.MarketBeat
- Carlyle Credit Income Fund Announces Second Quarter 2024 Financial ResultsPR Newswire