3070 Bristol Pike, Suite 112, Bensalem, PA 19020
Call Us: (215) 638-4847 |
Fax: (215) 638-4867
This investigation is for anyone who acquired securities in Carlyle Credit Income Fund f/k/a Vertical Capital Income Fund (the “Fund”) (NYSE: CCIF; VCIF) prior to July 11, 2023.
The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by overvaluing its loan portfolio.
On July 11, 2023, the Fund announced that it had sold most of its legacy loan portfolio for “aggregate proceeds lower than the book value of the combined assets…,” and as a result, the Fund had revised its NAV to $8.27 per share. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Carlyle Credit Income Fund f/k/a Vertical Capital Income Fund (the “Fund”) (NYSE: CCIF; VCIF) prior to July 11, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Copyright © 2024 The Law Offices of Howard G. Smith. All Rights Reserved.