Filing Details

Accession Number:
0001504304-22-000006
Form Type:
13D Filing
Publication Date:
2022-03-20 20:00:00
Filed By:
Bulldog Investors
Company:
Carlyle Credit Income Fund
Filing Date:
2022-03-21
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Bulldog Investors, LLP 11,876 631,644 11,876 631,644 6.20%
Phillip Goldstein 11,876 942,586 11,876 942,586 9.20%
Andrew Dakos 11,876 942,586 11,876 942,586 9.20%
Filing

SCHEDULE 13D/A DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 3/21/22 1. NAME OF REPORTING PERSON Bulldog Investors, LLP 2. CHECK THE BOX IF MEMBER OF A GROUP a[ ] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION DE ___________________________________________________________ 7. SOLE VOTING POWER 11,876 8. SHARED VOTING POWER 631,644 9. SOLE DISPOSITIVE POWER 11,876 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 631,644 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 643,520 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 6.20% 14. TYPE OF REPORTING PERSON IA ___________________________________________________________ 1. NAME OF REPORTING PERSON Phillip Goldstein 2. CHECK THE BOX IF MEMBER OF A GROUP a[] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ___________________________________________________________ 7. SOLE VOTING POWER 11,876 8. SHARED VOTING POWER 942,586 9. SOLE DISPOSITIVE POWER 11,876 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 942,586 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 954,462(Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 9.20% 14. TYPE OF REPORTING PERSON IN ___________________________________________________________ 1. NAME OF REPORTING PERSON Andrew Dakos 2. CHECK THE BOX IF MEMBER OF A GROUP a[] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ___________________________________________________________ 7. SOLE VOTING POWER 11,876 8. SHARED VOTING POWER 942,586 9. SOLE DISPOSITIVE POWER 11,876 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 942,586 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 954,462(Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 9.20% 14. TYPE OF REPORTING PERSON IN ___________________________________________________________ ITEM 1. SECURITY AND ISSUER This statement constitutes Amendment #5 to the schedule 13d filed July 29, 2019. Except as specifically set forth herein, the Schedule 13d remains unmodified. ITEM 4. PURPOSE OF TRANSACTION See exhibit A - Letter to the Company. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) As per the N-CSR filed on December 9, 2021, there were 10,380,003 shares of common stock outstanding as of September 30, 2021. The percentages set forth herein were derived using such number. Phillip Goldstein and Andrew Dakos own Bulldog Investors, LLP a registered investment advisor. As of March 18, 2022, Bulldog Investors, LLP is deemed to be the beneficial owner of 643,520 shares of VCIF (representing 6.20% of VCIF's outstanding shares) solely by virtue of Bulldog Investors, LLP's power to direct the vote of, and dispose of, these shares. These 643,520 shares of VCIF include 11,876 shares (representing 0.11% of VCIF's outstanding shares) that are beneficially owned by Mr. Goldstein. All other shares included in the aforementioned 643,520 shares of VCIF beneficially owned by Bulldog Investors LLP(solely by virtue of its power to sell or direct the vote of these shares) are also beneficially owned by clients of Bulldog Investors, LLP who are not members of any group. The total number of these "non-group" shares is 631,644 shares (representing 6.09% of VCIF's outstanding shares). As of March 18, 2022, each of Messrs. Goldstein and Dakos is deemed to be the beneficial owner of 954,462 shares of VCIF (representing 9.20% of VCIF's outstanding shares) by virtue of their power to direct the vote of, and dispose of, these shares. (b)Bulldog Investors,LLP has sole power to dispose of and vote 11,876 shares. Bulldog Investors, LLP and Messrs. Goldstein and Dakos have shared power to dispose of and vote 631,644 shares. Certain of Bulldog Investors, LLP's clients (none of whom beneficially own more than 5% of VCIF's shares) share this power with Bulldog Investors, LLP. Messrs.Goldstein and Dakos are control persons of Bulldog Investors, LLP. Messrs. Goldstein and Dakos have shared power to dispose of and vote an additional 310,942 shares. c)During the last 60 days the following shares of VCIF were purchased: Date: Shares: Price: 1/19/2022 800 10.1000 1/24/2022 1500 9.8500 d) Clients of Bulldog Investors, LLP and an account managed by Messrs.Goldstein and Dakos are entitled to receive any dividends or sales proceeds. e) N/A

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS See exhibit A - Letter to the Company After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: 3/21/22 By: /S/ Phillip Goldstein Name: Phillip Goldstein By: /S/ Andrew Dakos Name: Andrew Dakos Bulldog Investors, LLP By: /s/ Andrew Dakos Andrew Dakos, Partner Footnote 1: The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest therein. Exhibit A Special Opportunities Fund, Inc. 615 East Michigan Street, Milwaukee, WI 53202 March 21, 2022 Stanton P. Eigenbrodt, Secretary Vertical Capital Income Fund 80 Arkay Drive, Suite 110 Hauppauge, NY 11788. Dear Mr. Eigenbrodt: In consideration of announcement issued by the Fund on February 22, 2022 that it has engaged Ladenburg Thalmann & Co. Inc. to evaluate strategic alternatives for the Fund, with the goal of increasing shareholder value, we hereby withdraw the proposal we submitted in a letter dated January 18, 2022 requesting that the Board of Directors adopt a plan that would allow shareholders to realize a price for their shares that is at or close to net asset value. Very sincerely yours, /S/ Phillip Goldstein Phillip Goldstein Chairman