Carlyle Credit Income Fund Cuts Common Dividend by 40% Amidst Q1 Net Loss and NAV Decline
CCID is trading near its 52-week low of $24.9 (0.4% above the low).
Summary
Carlyle Credit Income Fund reported a significant net loss and a 15.6% decline in Net Asset Value per share for Q1 2026, leading to a 40% reduction in its monthly common stock dividend to $0.06 per share.
Key Events · Earnings and Guidance · CCID
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Common Dividend Cut
The monthly common dividend was reduced by 40% to $0.06 per share for March, April, and May 2026, down from the previous $0.0994 per share.
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Net Asset Value Decline
Net Asset Value per common share decreased by 15.6% to $5.17 as of December 31, 2025, compared to $6.13 in the prior quarter.
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Significant Net Loss Reported
The Fund reported a net loss of $13.7 million, or $0.64 per common share, for the first quarter of 2026, a substantial increase from the prior quarter's loss.
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Preferred Share Refinancing
The Fund successfully refinanced $52 million of 8.75% Series A Term Preferred Shares with lower-cost preferred shares, achieving a weighted average coupon of 7.33%.
Analysis · CCID · Unknown
The Carlyle Credit Income Fund's Q1 2026 results present a challenging outlook for common shareholders. The substantial 40% cut in the monthly common dividend, from $0.0994 to $0.06 per share, directly impacts income-focused investors. This decision follows a significant net loss of $13.7 million and a 15.6% decrease in Net Asset Value per common share to $5.17. While the company noted the new dividend is covered by core net investment income and successfully refinanced preferred shares at a lower cost, the overall financial performance, particularly the GAAP net investment income decline and the large net loss, signals a more difficult operating environment for CLO equity investments. Investors should monitor future NII trends and NAV stability closely.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.5% of the 1055 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CCID was trading at $25.00 on NYSE in the Unknown sector. The 52-week trading range was $24.90 to $25.45. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.