NEW YORK, May 29, 2024 /PRNewswire/ -- Carlyle Credit Income Fund ("we," "us," "our," "CCIF" or the "Fund") (NYSE:CCIF) today announced its financial results for its second quarter ending March 31, 2024. The full detailed presentation of the Fund's second quarter 2024 financial results can be viewed on the Fund's website carlylecreditincomefund.com/investor-dashboard. Lauren Basmadjian, CCIF's Chief Executive Officer said, "As of quarter end, we have successfully deployed the remaining proceeds from the preferred stock offering into new CLO equity positions.  Our diversified portfolio of CLO investments is producing historically high cash distributions, further supporting our original investment thesis of rotating the fund into a CLO investing strategy." Over the past quarter, the Fund has successfully: Deployed the remaining proceeds from the preferred stock offering with a weighted average GAAP yield of 19.4%. The aggregate portfolio weighted average GAAP yield was 20.8% as of March 31, 2024. Maintained the monthly dividend of 10.5 cents through August 2024, equating to a 15.95% annualized dividend based on share price as of May 28, 2024. Sold 570,000 common shares in connection with the ATM offering program at a premium to NAV for net proceeds of $4.5 million. Net investment income for the second quarter of 2024 was $0.33 per ...