SEC Form SC 13G/A filed by Carlyle Credit Income Fund Shares of Beneficial Interest (Amendment)

4/24/24 9:24:26 AM ET

Finance/Investors Services

Finance

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SC 13G/A 1 rvp13ga042424ccif.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Rule 13d-102) Information Statement Pursuant to Rules 13d-1 and 13d-2 Under the Securities Exchange Act of 1934 (Amendment No.1) * CARLYLE CREDIT INCOME FUND FORMERLY VERTICAL CAPITAL INCOME FUND (Name of Issuer) SHARES OF BENEFICIAL INTEREST (Title of Class of Securities) 92535C104 (CUSIP Number) January 31, 2024 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 92535C104 -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON RELATIVE VALUE PARTNERS GROUP, LLC TIN 47-4067697 -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[_] (b)[_] Not Applicable -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE -------------------------------------------------------------------------------- NUMBER OF 5. Sole Voting Power: 15,523 SHARES BENEFICIALLY 6. Shared Voting Power: 0 OWNED BY EACH 7. Sole Dispositive Power: 15,523 REPORTING PERSON 8. Shared Dispositive Power: 0 WITH -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,523 -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) .13% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON IA -------------------------------------------------------------------------------- CUSIP NO. 92535C104 ITEM 1(A) Name of Issuer: CARLYLE CREDIT INCOME FUND ITEM 1(B) Address of Issuer's Principal Executive Offices: ONE VANDERBUILT AVENUE SUITE 3400 NEW YORK, NEW YORK 10017 USA ITEM 2(A) Name of Person Filing: RELATIVE VALUE PARTNERS GROUP, LLC ITEM 2(B) Address of Principal Business Office or, if none, Residence: 1033 SKOKIE BLVD. SUITE 470, NORTHBROOK, IL 60062 ITEM 2(C) Citizenship: DELAWARE ITEM 2(D) Title of Class of Securities: SHARES OF BENEFICIAL INTERESTS ITEM 2(E) CUSIP Number: 92535C104 ITEM 3. If this statement is filed pursuant to (S)(S)240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [_] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [_] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) [X] An investment adviser in accordance with (S)240.13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with (S)240.13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with (S) 240.13d-1(b)(1)(ii)(G); (h) [_] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [_] Group, in accordance with (S)240.13d-1(b)(1)(ii)(J). CUSIP NO. 92535C104 ITEM 4 OWNERSHIP ITEM 4(A): Amount Beneficially Owned: 15,523 shares of beneficial interest ITEM 4(B): Percent of Class: .13% ITEM 4(C): Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 15,523 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 15,523 (iv) shared power to dispose or to direct the disposition of: 0 ITEM 5 Ownership of Five Percent or Less of a Class: The Reporting Person has reduced beneficial ownership to below 5%. CUSIP NO. 92535C104 ITEM 6 Ownership of More than Five Percent on Behalf of Another Person: Not Applicable. ITEM 7 Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company: Not Applicable. ITEM 8 Identification and Classification of Members of the Group: Not Applicable. ITEM 9 Notice of Dissolution of Group: Not Applicable. ITEM 10 CERTIFICATION: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect. CUSIP NO. 92535C104 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. RELATIVE VALUE PARTNERS GROUP, LLC APRIL 23, 2024 ------------------------------- DATE /s/ MAURY FERTIG ------------------------------- SIGNATURE MAURY FERTIG/MANAGING MEMBER -------------------------------- NAME/TITLE

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Date

Price Target

Rating

Analyst

12/9/2024

$8.00

Perform

Oppenheimer

SEC Form SC 13G/A filed by Carlyle Credit Income Fund Shares of Beneficial Interest (Amendment)

4/24/24 9:24:26 AM ET

$CCIF

Finance/Investors Services

Finance

Get the next $CCIF alert in real time by email

Date

Price Target

Rating

Analyst

12/9/2024

$8.00

Perform

Oppenheimer

SEC Form SC 13G/A filed by Carlyle Credit Income Fund Shares of Beneficial Interest (Amendment)

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SEC Form SC 13G/A filed by Carlyle Credit Income Fund Shares of Beneficial Interest (Amendment)

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Recent Analyst Ratings for
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SEC Filings

Carlyle Credit Income Fund Shares of Beneficial Interest filed SEC Form 8-K: Other Events

SEC Form 497AD filed by Carlyle Credit Income Fund Shares of Beneficial Interest

SEC Form 25-NSE filed by Carlyle Credit Income Fund Shares of Beneficial Interest

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Press Releases

Carlyle Credit Income Fund Announces Fourth Quarter and Full Year 2025 Financial Results and Declares Monthly Common and Preferred Dividends

Carlyle Credit Income Fund Announces Private Placement of Convertible Preferred Shares

Carlyle Credit Income Fund Prices Offering of Preferred Shares

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Insider Purchases

Director Basmadjian Lauren Michelle bought $49,994 worth of shares (7,898 units at $6.33), increasing direct ownership by 58% to 21,448 units (SEC Form 4)

Director Mccabe Joan Y bought $99,995 worth of shares (15,822 units at $6.32), increasing direct ownership by 52% to 46,180 units (SEC Form 4)

President and PEO Mehta Nishil bought $100,233 worth of shares (16,650 units at $6.02), increasing direct ownership by 103% to 32,754 units (SEC Form 4)

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Analyst Ratings

Oppenheimer initiated coverage on Carlyle Credit Income Fund with a new price target

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Insider Trading

Director Basmadjian Lauren Michelle bought $49,994 worth of shares (7,898 units at $6.33), increasing direct ownership by 58% to 21,448 units (SEC Form 4)

Director Mccabe Joan Y bought $99,995 worth of shares (15,822 units at $6.32), increasing direct ownership by 52% to 46,180 units (SEC Form 4)

President and PEO Mehta Nishil bought $100,233 worth of shares (16,650 units at $6.02), increasing direct ownership by 103% to 32,754 units (SEC Form 4)

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Leadership Updates

Carlyle Credit Income Fund (CCIF) Completes Initial Transition Plan, Declares Monthly Dividends and Announces August 31, 2023 Net Asset Value

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Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by Carlyle Credit Income Fund Shares of Beneficial Interest

SEC Form SC 13G filed by Carlyle Credit Income Fund Shares of Beneficial Interest