8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 29, 2024

Carlyle Credit Income Fund

(Exact name of registrant as specified in its charter)

Delaware	811-22554	45-2904236
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
One Vanderbilt Avenue, Suite 3400
New York, New York 10017
(Address of Principal Executive Offices, Zip Code)

(212) 813-4900

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Shares	CCIF	New York Stock Exchange
Preferred Shares	CCIA	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 – Results of Operations and Financial Condition.

On February 29, 2024, Carlyle Credit Income Fund (the “Company”) issued a summary press release and a detailed earnings presentation announcing its first quarter 2024 financial results. Copies of the summary press release and the earnings presentation are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively.

The information disclosed under this Item 2.02, including Exhibits 99.1 and 99.2 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933 (the "Securities Act") or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01 – Financial Statements and Exhibits.

Exhibits 99.1 and 99.2 shall be deemed furnished herewith.

(d)Exhibits:

Exhibit Number	Description
99.1	Summary earnings press release of Carlyle Credit Income Fund, dated December 31, 2023.
99.2	Earnings presentation of Carlyle Credit Income Fund, dated December 31, 2023.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		CARLYLE CREDIT INCOME FUND
		(Registrant)
Dated: February 29, 2024	By:	/s/ Nelson Joseph
		Name: Nelson Joseph
		Title: Principal Financial Officer

EX-99.1

Exhibit 99.1

Carlyle Credit Income FundAnnouncesFirstQuarter 2024FinancialResults and Declares 5.63% Increase toMonthly Common Dividends

New York - Carlyle Credit Income Fund (“we,” “us,” “our,” “CCIF” or the “Fund”) (NYSE: CCIF) today announced its financial results for its first quarter ending December 31, 2023. The full detailed presentation of the Fund’s first quarter 2024 financial results can be viewed on the Fund’s website carlylecreditincomefund.com/investor-dashboard.

Lauren Basmadjian, CCIF’s Chief Executive Officer said, “We are pleased with our results over the past quarter and the completion of the reallocation of the portfolio into equity tranches of CLOs, which is in alignment with Carlyle’s strategy and the fund’s mandate. With the successful deployment of the portfolio, we are increasing the monthly common dividend to 10.5 cents per share. We expect the higher monthly dividend will be fully covered by net investment income. Carlyle remains highly committed to the success of CCIF with a 41% ownership in the Fund.”

Over the past quarter, the Fund has successfully:

•Deployed over $40 million in CLO equity positions with a weighted average GAAP yield of 26%, increasing portfolio weighted average GAAP yield to 20.3% as of December 31, 2023;

•Declared and increased the monthly dividend to 10.5 cents through May 2024, equating to a 15.91% annualized dividend based on share price as of February 28, 2024;

•Leveraged the fund to meet target leverage of 0.25x – 0.40x through the issuance of 8.75% Series A Term Preferred Stock due 2028. CCIF issued $52 million total through the initial issuance of $30 million on October 18, an incremental $2 million through underwriters partially exercising the green shoe, and a $20 million add-on priced on November 21.

Net investment income for the first quarter of 2024 was $0.24 per common share and net asset value per common share was $7.99 on December 31, 2023. Net investment income in the first quarter was suppressed as the Fund did not achieve its target leverage until late November. Proceeds from the preferred offering were deployed through the end of the quarter. The total fair value of investments was $127.3 million as of December 31, 2023.

Dividends

CCIF is declaring a monthly dividend on shares of the Fund’s common stock of $0.1050 per share for March, April, and May 2024. The monthly dividend represents an annualized yield of 15.91% based on closing share price of $7.92 on February 28, 2024.

Security	Amount per Share	Record Dates	Payable Dates
Common Stock	$0.1050	March 18, 2024	March 28, 2024
		April 18, 2024	April 30, 2024
		May 20, 2024	May 31, 2024

CCIF is also pleased to announce the declaration of dividends on shares of the Fund’s 8.75% Series A Term Preferred Shares of $0.1823 per share for March, April, and May 2024.

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Security	Amount per Share	Record Dates	Payable Dates
Series A Preferred Shares	$0.1823	March 18, 2024	March 28, 2024
		April 18, 2024	April 30, 2024
		May 20, 2024	May 31, 2024

Conference Call

TheFundwillhostaconferencecallat10:00 a.m.EDTonFriday, March 1, 2024todiscussits first quarter financial results. Please register for the conference call at https://edge.media-server.com/mmc/p/d9ff77a2/. The conference call information will also be available via a link on Carlyle Credit Income Fund’s website and the recording will be available on our website soon after the call’s completion.

About Carlyle Credit Income Fund

Carlyle Credit Income Fund (NYSE: CCIF) is an externally managed closed-end fund focused on investing in primarily equity and junior debt tranches of collateralized loan obligations (“CLOs”). The CLOs are collateralized by a portfolio consisting primarily of U.S. senior secured loans with a large number of distinct underlying borrowers across various industry sectors. CCIF is externally managed by Carlyle Global Credit Investment Management L.L.C. (“CGCIM”), an SEC-registered investment adviser and wholly owned subsidiary of Carlyle. CCIF draws upon the significant scale and resources of Carlyle as one of the world's largest CLO managers.

Web: www.carlylecreditincomefund.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may,” “plans,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions to identify forward-looking statements, although not all forward-looking statements include these words. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. We believe that it is important to communicate our future expectations to our investors. There may be events in the future, however, that we are not able to predict accurately or control. You should not place undue reliance on these forward-looking statements, which speak only as of the date on which we make it. Factors or events that could cause our actual results to differ, possibly materially from our expectations, include, but are not limited to, the risks, uncertainties and other factors we identify in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in filings we make with the Securities and Exchange Commission, and it is not possible for us to predict or identify all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contacts:

Investors:	Media:
Jane Cai	Kristen Greco Ashton
+1 (866) 277-8243 investorrelations@carlylecreditincomefund.com	+1 (212) 813-4763 kristen.ashton@carlyle.com

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EX-99.2

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