The following is a summary of the Carlyle Credit Income Fund (CCIF) Q3 2024 Earnings Call Transcript:

Financial Performance:

• CCIF maintained its dividend at $0.105 per share, delivering a 14.8% annualized yield based on the August 20, 2024 share price.

• Total investment income for Q3 was $7.4 million, or $0.58 per share.

• Net asset value as of June 30 was $7.68 per share, down from $7.88 in the previous quarter.

• Weighted average GAAP yield of newly invested CLOs stood at 19.5%, and the fund's aggregate portfolio GAAP yield was 20.3%.

Business Progress:

• The fund issued new CLO investments totaling $12.3 million in Q3.

• Successfully executed six CLO resets to extend the reinvestment periods within the portfolio.

• Increased activity in CLO market through a high rate of refinancing and resets, focusing on maintaining competitive arbitrage opportunities.

Opportunities:

• The CCIF is leveraging the continued tightening of CLO liability spreads to support CLO equity arbitrage, resulting in increased CLO issuance and reset activity.

Risks:

• The higher interest rates may pressure borrowers' ability to manage debt, although Carlyle's U.S. loan portfolio has shown resilience.

• The reduction in underlying asset spreads negatively impacted CLO arbitrage, partially offset by tight liability spreads.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.