| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Preferred Shares |
| (b) | Name of Issuer:
Carlyle Credit Income Fund |
| (c) | Address of Issuer's Principal Executive Offices:
One Vanderbilt Avenue, Suite 3400, New York,
NEW YORK
, 10017. |
| Item 2. | Identity and Background |
|
| (a) | Eagle Point Credit Management LLC |
| (b) | 600 Steamboat Road, Suite 202, Greenwich, CT 06830 United States. |
| (c) | This Schedule 13D is filed by Eagle Point Credit Management LLC ("EPCM"), a Delaware limited liability company (the "Reporting Person"). The principal business address for the Reporting Person is 600 Steamboat Road, Suite 202, Greenwich, CT 06830 United States.
EPCM is a registered investment adviser and serves as investment adviser to certain private funds and separately managed accounts which hold the Preferred Shares described herein (collectively, the "Accounts"). EPCM is ultimately wholly owned by Eagle Point Holdings LP ("EP Holdings") through intermediary holding companies. Eagle Point Holdings GP LLC ("EP Holdings GP") is the sole general partner of EP Holdings. EP Holdings GP is managed by a board of managers (the "EP Holdings Board") of which the majority of the members are appointed by Trident EP-II Holdings LLC ("EP-II LLC"), which also owns a majority of the voting interests in EP Holdings GP.
EP Holdings is a Delaware limited partnership and EP Holdings GP is a Delaware limited liability company. The principal business address of each of these entities is c/o Eagle Point Credit Management LLC, 600 Steamboat Road, Suite 202, Greenwich, CT 06830.
EP-II LLC is a Delaware limited liability company. Its principal business address is c/o Stone Point Capital LLC, 20 Horseneck Lane, Greenwich, CT 06830.
Set forth below is the name and principal occupation of each member of the Board of EP Holdings GP. Each of the following individuals is a United States citizen.
Name Principal Occupation Principal Business Address
Scott J. Bronner Managing Director, Stone Point Capital LLC c/o Stone Point Capital LLC, 20 Horseneck Lane, Greenwich, CT 06830
Thomas P. Majewski Managing Partner, EPCM (and certain affiliated advisers) c/o Eagle Point Credit Management LLC, 600 Steamboat Road, Suite 202, Greenwich, CT 06830
James R. Matthews Managing Director, Stone Point Capital LLC c/o Stone Point Capital LLC,
20 Horseneck Lane, Greenwich, CT 06830
Additional information regarding EPCM's ownership and governance structure is set forth in its Form ADV, as filed with the Securities and Exchange Commission (SEC File No. 801-77721), under the Investment Advisers Act of 1940, as amended, and is incorporated herein by reference. |
| (d) | During the past five years, none of the Disclosed Parties has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors). |
| (e) | During the past five years, none of the Disclosed Parties was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
| Item 3. | Source and Amount of Funds or Other Consideration |
| | Since the Reporting Persons' previous Schedule 13D filing relating to the Preferred Shares (filed with the SEC on January 8, 2025 and available at the following hyperlink: https://www.sec.gov/Archives/edgar/data/1607203/000110465925002151/xslSCHEDULE_13D_X01/primary_doc.xml), all of the Preferred Shares reported herein were acquired over a period of time in multiple secondary transactions at various market prices. The funds used to acquire each of the Preferred Shares were from each applicable Account's available investment capital. |
| Item 4. | Purpose of Transaction |
| | EPCM caused the Accounts to acquire the Preferred Shares they hold for investment purposes and will continue to analyze such investments on an ongoing basis. EPCM, on behalf of the Accounts, reserves the right to increase or decrease the Accounts' ownership of the Preferred Shares over time. |
| Item 5. | Interest in Securities of the Issuer |
| (a) | Based on public disclosures filed by the Issuer with the SEC, the Issuer has total of2,080,000 shares of preferred stock outstanding as of September 30, 2024. The Reporting Personmay be deemed to beneficially own an aggregate of584,778Series A Preferred Shares, which represents approximately 28.11% of all of the Issuer's outstanding preferred shares. The number of Preferred Shares which may be deemed to be beneficially owned by the Disclosed Parties are as follows:
Shares Deemed to be Beneficially Owned By: Nature of Ownership Percentage of Class
Eagle Point Credit Management LLC: 584,778 Sole Voting and Sole Dispositive Power (1) 28.11%
EP Holdings (2): - - -
EP Holdings GP (2): - - -
EP Holdings Board members (2): - - -
EP-II LLC (2): - - -
(1) Pursuant to an investment management agreement between EPCM and each Account, EPCM has discretionary investment authority and voting power with respect to the Preferred Shares held by the Accounts. Thus, EPCM could be deemed to have the sole power to vote and dispose or direct the disposition of such Preferred Shares.
(2) EP Holdings is a holding company for EPCM.While EP Holdings, EP Holdings GP, each of the EP Holdings Board members, and EP-II LLC could be deemed to share beneficial ownership of the securities held by the Accounts and beneficially owned by EPCM, each of the foregoing fully disclaim beneficial ownership of such securities. |
| (b) | 584,778 |
| (c) | Subsequent to the last amendment to this Schedule 13D, filed with the SEC on January 8, 2025, the Accounts engaged in the following secondary transactions:
Date Acquisition/Sale Number of Preferred Shares Price per Preferred Share
1/8/2025 Sale 150 $25.72
1/10/2025 Sale 179 $25.72
1/13/2025 Sale 151 $25.72
1/13/2025 Sale 1,187 $25.75
1/13/2025 Sale 100 $25.76
1/14/2025 Sale 347 $25.75
1/14/2025 Sale 370 $25.77
1/14/2025 Sale 1,108 $25.80
1/14/2025 Sale 200 $25.81
1/15/2025 Sale 730 $25.75
1/15/2025 Sale 400 $25.76
1/15/2025 Sale 200 $25.78
1/15/2025 Sale 420 $25.82
1/15/2025 Sale 100 $25.83
1/15/2025 Sale 100 $25.84
1/15/2025 Sale 3,200 $25.85
1/15/2025 Sale 300 $25.86
1/16/2025 Sale 300 $25.80
1/16/2025 Sale 540 $25.82
1/16/2025 Sale 90 $25.85
1/16/2025 Sale 400 $25.86
1/17/2025 Sale 300 $25.80
1/17/2025 Sale 1,100 $25.82
1/17/2025 Sale 900 $25.83
1/17/2025 Sale 100 $25.84
1/17/2025 Sale 300 $25.86
1/17/2025 Sale 154 $25.90
1/17/2025 Sale 50 $25.92
1/17/2025 Sale 700 $25.95
2/3/2025 Sale 212 $26.34
2/3/2025 Sale 200 $26.35
2/3/2025 Sale 1 $26.39
2/3/2025 Sale 428 $26.45
2/4/2025 Sale 24 $26.29
2/4/2025 Sale 985 $26.30
2/4/2025 Sale 4 $26.31
2/11/2025 Sale 400 $26.20
2/11/2025 Sale 238 $26.22
2/13/2025 Sale 100 $26.20
2/14/2025 Sale 145 $26.11
2/14/2025 Sale 130 $26.12
2/14/2025 Sale 25 $26.16
2/19/2025 Sale 900 $26.03
2/20/2025 Sale 1,800 $26.00
2/20/2025 Sale 3,454 $26.02
2/20/2025 Sale 600 $26.09
2/21/2025 Sale 950 $26.00
2/21/2025 Sale 185 $26.03
2/21/2025 Sale 333 $26.05
2/21/2025 Sale 484 $26.10
2/21/2025 Sale 30 $26.11 |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
| | The relationships between the Disclosing Parties are described in response to Item 2. |
| Item 7. | Material to be Filed as Exhibits. |
| | All other materials which may be required to be filed as exhibits have been incorporated by reference herein. |
