Carlyle Credit Income Fund Announces Private Placement of Convertible Preferred Stock and Registered Direct Placement of Common Stock Page 1

NEW YORK, Aug. 27, 2024 (GLOBE NEWSWIRE) — Carlyle Credit Income Fund (the “Fund”) (NYSE: CCIF), an externally managed closed-end fund focused on investing primarily in equity and junior debt tranches of collateralized loan obligations, has entered into a purchase agreement with certain institutional investors to purchase and sell approximately 11,517 shares of the Fund’s 7.125% Series B Convertible Preferred Shares due August 2029 (the “Convertible Preferred Shares”), liquidation preference $1,000.00 per share. The Fund expects to receive net proceeds (before expenses) from the sale of the Convertible Preferred Shares of approximately $10.6 million. The offering is expected to close on or about August 27, 2024, subject to the satisfaction of customary closing conditions.

The convertible preferred stock pays a quarterly dividend at a fixed annual rate of 7.125% of the liquidation preference, or $71.25 per share, per year.