NEW YORK, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Carlyle Credit Income Fund f/k/a Vertical Capital Income Fund (the “Fund”) (NYSE: CCIF; CCIA; VCIF). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether the Fund and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On July 11, 2023, the Fund announced that it had sold a significant majority of its legacy loan portfolio for “aggregate proceeds lower than the book value of the combined assets” and, as a result, the Fund had negatively revised its net asset value from $9.96 per share to $8.27 per share.
On this news, the Fund’s common share price fell $1.45 per share, or 14.65%, to close at $8.45 per share on July 11, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
