Carlyle Credit Income (CCIF) investor relations material

Executive summary

• Net asset value (NAV) per share was $3.32 at quarter-end, with total portfolio fair value at $118.9 million and a diversified portfolio of 42 CLO investments managed by 22 managers across approximately 1,450 obligors.

• Q3 2026 net investment income (NII) was $0.07 per share, adjusted NII was $0.09 per share, and core NII was $0.25 per share, fully covering monthly dividends of $0.06 per share.

• Portfolio positioning remains defensive, focused on experienced CLO managers, longer reinvestment periods, and high diversification with single issuer exposure below 1%.

• Three refinancings and resets were completed in Q3, extending reinvestment periods and reducing financing costs.

• Monthly dividend maintained at $0.06 per share, annualized at 24.91% based on August 17, 2026 share price, declared through November 2026.

Financial highlights

• Total investment income for Q3 was $4.3 million, with total expenses of $2.8 million.

• Net income for the quarter was $3.45 million, with net realized and unrealized gain of $1.99 million.

• Recurring cash flows per share were $0.37, supporting a quarterly dividend of $0.18 per share.

• Annualized cash-on-cash yield for the quarter was 20.09%.

• Leverage ratio (preferred shares and debt to total assets) was 0.41x.

Outlook and guidance

• CLO equity performance expected to benefit from attractive liability costs, broadening investor demand, and disciplined underwriting.

• Spread compression moderating, with potential for wider spreads and lender-friendly protections as amend-and-extend activity continues.

• Portfolio to remain conservatively positioned, with selective capital deployment into attractive risk-adjusted opportunities.

• CLO equity outlook depends on manager selection, reinvestment discipline, and active credit management.

• Declared monthly dividends of $0.06 per share for September, October, and November 2026, representing an annualized yield of 24.91%.