CCIF offers a high dividend yield of 16.5%, making it attractive for income investors. The fund's portfolio is heavily invested in CLO Equity, which is sensitive to interest rate changes, impacting its valuation and risk profile. Despite a slight premium to NAV, CCIF's strong distribution coverage and growing net investment income justify maintaining a buy rating.
Carlyle Credit Income Fund (NYSE:CCIF ) Q1 2025 Earnings Conference Call February 27, 2025 10:00 AM ET Company Participants Nishil Mehta - Principal Executive Officer and President Lauren Basmadjian - CEO Nelson Joseph - CFO Conference Call Participants Randy Binner - B. Riley Securities Erik Zwick - Lucid Capital Markets Operator Good day and thank you for standing by.
We take a look at the action in preferreds and baby bonds through the third week of December and highlight some of the key themes we are watching. All preferred stock sectors declined, mirroring Treasuries, with CMT-linked preferreds up 1.4%, SOFR preferreds flat, and fixed-rate preferreds down 2.8% in December. CLO Equity CEF PDCC issued a new 8% 2029 term preferred.
The Carlyle Credit Income Fund (CCIF) offers a high yield of over 15% and invests mostly in CLO equity. CCIF employs leverage at both the fund and asset levels, which can enhance returns but also increases risk. CCIF has experienced high levels of volatility historically.
Carlyle Credit Income Fund (NYSE:CCIF ) Q4 2024 Earnings Conference Call November 21, 2024 10:00 AM ET Company Participants Jane Cai - Investor Relations Lauren Basmadjian - Chief Executive Officer Nishil Mehta - Portfolio Manager Nelson Joseph - Chief Financial Officer Conference Call Participants Mickey Schleien - Ladenburg Matthew Howlett - B. Riley Operator Good day, and thank you for standing by.
Collateralized loan obligation closed-end fund preferreds and baby bonds can offer relatively secure sources of income generation for investors. These offerings are subject to stricter regulations under the 1940 Act, limiting leverage and that can provide more security to these instruments. New offerings since our last update include EICC and CCIA, which naturally came with higher issued yields thanks to the higher rate environment.
We analyze the market valuation and performance of CEFs up to the second week of April and discuss recent market activity. CEFs experienced another decline in the past week due to concerns about inflation exceeding expectations. Several Voya funds have transitioned to a monthly distribution, a common trend among CEFs.
We analyze the market valuation and performance of CEFs in early April and discuss recent market trends. CEFs experienced a decline in the past week due to decreases in stocks and Treasuries, but March showed the strongest performance of the year. CLO CEFs are securing high leverage costs, which will likely decrease their net income in the coming years as interest rates are reduced by the Fed.
NEW YORK , Jan. 30, 2024 /PRNewswire/ -- Carlyle Credit Income Fund ("we," "us," "our," "CCIF" or the "Fund") (NYSE: CCIF) announced today that it will release financial results after market close on Thursday February 29, 2024 for its first quarter of 2024. CCIF will host a conference call at 10:00 a.m.
We review CEF market valuation and performance through the third week of January and highlight recent market action. Most CEF sectors were down for the week, except for covered calls and loans, which saw small gains. CEF activists like Saba, Karpus, and Bulldog hold sizable CEF positions to push for shareholder-friendly actions and tighter discounts. We track their holdings.