CCIF (Carlyle Credit Income Fund) Plans $6 Million Preferred-Share Redemption

View the CCIF Dividend Stock Profile

Carlyle Credit Income Fund said in an October 19, 2026 filing that it intends to redeem $6 million of its 7.375% Series D preferred shares on November 18. This would reduce a payment obligation that ranks ahead of the common dividend, although the effect on common-share earning power depends on how the fund supplies the cash.

The plan covers 240,000 preferred shares at $25 each, selected by lot. It is a partial redemption, and the fund retains the right to postpone or cancel it. Holders of record on November 17 would still receive the November 30 preferred dividend separately from the redemption price.

At the stated rate, $6 million of preferred capital carries $442,500 of annual dividends. That is our arithmetic, $6 million multiplied by 7.375%, showing the annual payment attached to the shares being retired. It is not a forecast of additional earnings available to common shareholders.

That distinction matters because the fund invests mainly in the equity and junior debt of collateralized loan obligations, which are pools of corporate loans. If investments are sold to fund the redemption, the income they previously produced also disappears; if replacement financing is used, its cost must be deducted. The notice does not identify the funding source, so we cannot establish a net earnings benefit from the preferred-payment saving alone.

The move also follows the fund’s reported September net asset value of $3.05 per common share, down from $3.23 in August. Against that smaller asset base, reducing preferred capital could give the common shares more breathing room, but the next financial report must show how much income remains after the transaction and all financing costs.

We welcome a lower fixed preferred-payment burden, but we would not count this as stronger common-dividend support yet. The useful result would be a completed redemption that reduces financing pressure without taking away more investment income than it saves. That is the comparison that will determine whether this improves the income available to common shareholders.

Sources

• Carlyle Credit Income Fund redemption notice, October 19, 2026
• Carlyle Credit Income Fund June-quarter results and investment strategy
• Carlyle Credit Income Fund September net asset value, filed October 16, 2026

This article is general information, not personalized investment advice. Fly High Investing may hold securities discussed in this article.