Joan McCabe, a director at Carlyle Credit Income Fund (NASDAQ:CCIF), recently acquired 18,079 shares of the company's common stock. The transaction, which took place on December 18, amounted to a total value of approximately $144,993, with shares purchased at a price of $8.02 each. The purchase comes as CCIF trades near its 52-week low of $7.57, while offering an attractive dividend yield of 15.85%. Following this transaction, McCabe now holds a total of 30,358 shares directly. This acquisition reflects McCabe's increased investment in the fund, which is managed from its offices in New York. According to InvestingPro, CCIF maintains strong financial health with a "GREAT" overall score, and the stock has demonstrated low price volatility. For deeper insights into CCIF's valuation and additional ProTips, subscribers can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Carlyle Credit Income Fund (CCIF) has reported significant financial results. The company disclosed an unaudited net asset value (NAV) per common share of $7.65, a crucial metric used by investors to evaluate a fund's performance. The company also reported a robust financial performance for the fourth quarter of 2024, with a net investment income of $0.45 per share and recurring cash flows of $0.70 per share. This strong performance has supported the maintenance of its monthly dividend at $0.105 per share.
In addition to these financial highlights, the fund completed successful capital raises, including a $22.2 million offering. The portfolio now consists of 49 CLO investments with a weighted average GAAP yield of 18.63%. Another noteworthy development is the robust issuance activity in the CLO market, which increased by 42% year over year.
The fund remains optimistic about the loan and CLO markets, citing a resilient U.S. economy and low default rates. CCIF plans to focus on defensive, high-quality positions in the current market environment, reflecting the fund's strategic approach to investment. These are just some of the recent developments for Carlyle Credit Income Fund.
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