Sanjeev Handa, a director at Carlyle Credit Income Fund (NASDAQ:CCIF), has increased his holdings in the company with a purchase of common stock valued at approximately $35,015. The transaction, which took place on December 19, involved the acquisition of 4,387.889 shares at a price of $7.98 per share. The purchase comes as CCIF, with its $106.25 million market capitalization, trades near its 52-week low while maintaining a substantial 15.85% dividend yield. Following this purchase, Handa now owns a total of 10,387.889 shares in the firm. This move reflects continued confidence in Carlyle Credit Income Fund's prospects, which has delivered a 16.51% return year-to-date. InvestingPro analysis reveals additional insights about CCIF's performance and valuation metrics, available in the comprehensive Pro Research Report covering this dividend-focused investment vehicle.
In other recent news, Carlyle Credit Income Fund reported its unaudited net asset value (NAV) per share at $7.65, according to a recent Securities and Exchange Commission filing. The fund also revealed a strong financial performance for the fourth quarter of 2024, with net investment income of $0.45 per share and recurring cash flows of $0.70 per share. This performance has contributed to the maintenance of its monthly dividend at $0.105 per share.
Total (EPA:TTEF) investment income for the quarter amounted to $7.9 million or $0.55 per share, while the net investment income reached $4.2 million or $0.30 per share. The fund also successfully completed capital raises, including a $22.2 million offering.
Other recent developments include robust issuance activity in the CLO market, increasing by 42% year-over-year. Carlyle Credit Income Fund remains optimistic about the loan and CLO markets, citing a resilient U.S. economy and low default rates. In line with these developments, the fund plans to focus on defensive, high-quality positions in the current market environment.
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