Closed End Fund Carlyle Credit Income Fund (CCIF) is offering an issue of $25/share preferred shares with a redemption in 2028.
The shares will offer monthly dividends.
The shares will are rated BBB- by Egan Jones–so not a highly rated offering.
The preliminary prospectus is here.
If I recall correctly, CCIF is another CLO CEF. Should price at or above recent term preferred for ECC/OXLC/EIC.
Yes–RJZ you are correct. Pretty small – under $100 million.