The fund's dividend appears sustainable based on core net investment income, but traders should monitor future quarters to see if the decline in net investment income continues. The successful refinancing of higher-cost debt improves the fund's cost structure, which could benefit future earnings.
Price Chart
Executive Summary
Carlyle Credit Income Fund (CCID) reported Q1 2026 financial results showing a decline in net investment income to $0.09 per share from $0.15 in the prior quarter, driven by $0.06 per share in interest expense from redeeming higher-cost preferred shares. The fund maintained its dividend at $0.06 per share, which is fully covered by core net investment income of $0.32 per share. The fund also completed a refinancing of $52 million in preferred shares at a lower cost.
Key Financial Metrics
Key Facts
- Net investment income declined to $0.09 per share from $0.15 in the prior quarter
- Adjusted net investment income remained stable at $0.17 per share
- Core net investment income was $0.32 per share, fully covering the $0.315 per share dividend
- Refinanced $52 million of 8.75% Series A Term Preferred Shares with lower-cost preferred shares at 7.33% weighted average coupon
- NAV per share declined to $5.17 from $6.13 in the prior quarter
Financial Impact
Net investment income declined 40% quarter-over-quarter to $0.09 per share, while core net investment income remained stable at $0.32 per share
Risk Factors
- Declining net investment income could pressure future dividends if the trend continues
- NAV per share has declined significantly from $7.44 in Q1 2025 to $5.17 in Q1 2026
- The fund's leverage ratio has increased to 0.41x from 0.33x in Q1 2025
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001517767-26-000019 |
| Document: ccif-20260225.htm | 0001517767-26-000019 |
| Document: ccif_1q26xxex991earningspr.htm | 0001517767-26-000019 |
| Document: 0001517767-26-000019-index-headers.html | 0001517767-26-000019 |
| Document: 0001517767-26-000019-index.html | 0001517767-26-000019 |
| Document: 0001517767-26-000019.txt | 0001517767-26-000019 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $1.84 | awaiting T+20 | — | $1.85 (+0.54%) |
Oct 16, 2026 10d ago | 8-K | $2.10 | awaiting T+20 | — | $1.85 (−11.90%) |
Sep 15, 2026 5w ago | 8-K | $2.51 $2.07 | ▼ −17.53% | ▼ −19.59% | $1.85 (−26.29%) |
Aug 19, 2026 9w ago | Press Release | $2.76 $2.49 | ▼ −9.78% | ▼ −9.78% | $1.85 (−32.97%) |
Apr 20, 2026 27w ago | Press Release | $3.27 | awaiting T+20 | — | $1.85 (−43.43%) |
Feb 25, 2026 34w ago | 8-K | $3.27 $3.19 | ▼ −2.45% | ▲ +3.97% | $1.85 (−43.43%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers