UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-23016
Alternative CREDIT INCOME FUND
(Exact name of registrant as specified in charter)
650 Madison Avenue, 23rd Floor
New York, NY 10022
(Address of principal executive offices) (Zip code)
(212) 891-2880
(Registrant's telephone number, including area code)
The Corporation Trust Company
Corporation Trust Center, 1209 Orange Street
Wilmington, DE 19801
(Name and address of agent for service)
Date of fiscal year end: September 30
Date of reporting period: July 1, 2021 - June 30, 2022
Item 1 – Proxy Voting Record.
ALTERNATIVE CREDIT INCOME FUND
| Company | Ticker | CUSIP | Meeting Date | A brief identification of the matter voted on | Proposed by Issuer or Security Holder | Voted | Vote Cast | With or Against Management |
| WhiteHorse Finance Inc. | WHF | 96524V106 | 8/4/2021 | (1) To elect two Class III directors of the Company who will serve until the 2024 annual meeting of Stockholders or until their successors are duly elected and qualify; and (2) To ratify the selection of Crowe LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021. | Issuer | Yes | For | With |
| Ares Capital Corporation | ARCC | 04010L103 | 8/13/2021 | (1) To consider and vote upon a proposal to authorize the Company, with the approval of its board of directors, to sell or otherwise issue shares of its common stock at a price below its then current net asset value per share subject to certain limitations set forth herein (including, without limitation, that the number of shares issued does not exceed 25% of its then outstanding common stock). | Issuer | No | Did not vote-Meeting details not received | N/A |
| Apollo Investment Corporation | AINV | 03761U502 | 8/10/2021 | (1) to consider and vote upon the election of three Class II directors; (2) to consider and vote upon the ratification of the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2022; and (3) to transact such other business as may properly come before the meeting and any postponements or adjournments thereof. | Issuer | Yes | For | With |
| SLR Investment Corp | SLRC | 83413U100 | 10/27/2021 | (1) Vote board of director; (2) To approve a proposal to authorize SLR Investment Corp. to sell shares of it's common stock at a price or prices below SLR Investment Corp.'s then current net asset value per share in one or more offerings, in each case subject to the approval of it's board of directors and compliance with theconditions set forth in the proxy statement (including, without limitation, that the number of shares issued does not exceed 25% of SLR Investment Corp.'s then outstanding common stock immediately prior to each such offering). | Issuer | Yes | For | With |
| FS KKR Capital Corp | FSK | 302635206 | 10/27/2021 | (1) Vote board of director; (2) To approve the proposal to allow the Company in future offerings to sell it's share below net asset value per share in order to provide flexibility for future sales. | Issuer | Yes | For | With |
| SLR Investment Corp | SLRC | 83413U100 | 3/21/2022 | To approve the issuance of shares of common stock, par value $0.01 per share, of SLR Investment Corp. ("SLRC"), to be issued pursuant to the Agreement and Plan of Merger, dated as of December 1, 2021, among SLRC, SLR Senior Investment Corp., Solstice Merger Sub, Inc., a direct wholly-owned subsidiary of SLRC, and, for the limited purposes set forth therein, SLR Capital Partners, LLC, as more particularly described in the joint proxy statement/prospectus. | Issuer | Yes | For | With |
| Ares Capital Corporation | ARCC | 04010L103 | 5/19/2022 | 1. To elect three directors to serve until the 2025 annual meeting of stockholders and until their successors are duly elected and qualify; 2. To consider and vote upon the ratification of the selection of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2022; and 3. To consider and take action upon such other matters as may properly come before the meeting or any adjournment or postponement thereof. | Issuer | No | Did not vote-Meeting details not received | N/A |
| Trinity Capital Inc. | TRIN | 896442308 | 6/8/2022 | 1. To re-elect three members of the board of directors of the Company (the “Board”), two of which will serve for a term of three years and one of which will serve for a term of two years, and until their respective successors are duly elected and qualified; 2. To approve a proposal to authorize the Company to sell or otherwise issue up to 25% of the then outstanding shares of the Company’s common stock at an offering price per share to investors that is below the Company’s then current net asset value per share; and 3. To transact such other business as may properly come before the Annual Meeting or any postponement or adjournment thereof. | Issuer | Yes | 1) For 2) Against | 1) With 2) Against |
| Portman Ridge Finance Corp. | PTMN | 73688F201 | 6/6/2022 | (1) The election of three directors, who will each serve until the 2025 Annual Meeting of Stockholders and until his successor is duly elected and qualified; and (2) To ratify the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the Company for the fiscal year ending December 31, 2022. | Issuer | Yes | For | With |
| FS KKR Capital Corp | FSK | 302635206 | 6/22/2022 | 1. to elect the following individuals as Class C Directors, each of whom has been nominated for election for a three-year term expiring at the 2025 annual meeting of stockholders: (a) Barbara Adams, (b) Michael C. Forman and (c) Jerel A. Hopkins; and 2. to approve a proposal to allow the Company in future offerings to sell its shares below net asset value per share in order to provide flexibility for future sales | Issuer | Yes | 1) For 2) Against | 1) With 2) Against |
| Whiting Petroleum Corporation | WLL | 966387508 | 6/28/2022 | (1) To vote on a proposal to approve and adopt the Agreement and Plan of Merger, dated as of March 7, 2022 (as may be amended from time to time, the “merger agreement”), by and among Whiting, Oasis Petroleum Inc., a Delaware corporation (“Oasis”), Ohm Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Oasis (“Merger Sub”), and New Ohm LLC, a Delaware limited liability company and wholly owned subsidiary of Oasis (“LLC Sub”), providing for a merger of equals through (i) the merger of Merger Sub with and into Whiting (the “Company Merger”), with Whiting continuing its existence as the surviving corporation following the Company Merger as a direct, wholly owned subsidiary of Oasis (the “surviving corporation”), and (ii) the subsequent merger of the surviving corporation with and into LLC Sub (the “LLC Sub Merger” and together with the Company Merger, the “merger”), with LLC Sub continuing its existence as the surviving entity following the LLC Sub Merger as a direct wholly owned subsidiary of Oasis (the “Whiting merger proposal”); (2) To vote on a proposal to approve, on a non-binding advisory basis, the compensation that may be paid or become payable to Whiting’s named executive officers that is based on or otherwise relates to the merger (the “Whiting merger compensation advisory proposal”); (3) To elect the seven directors named in the accompanying proxy statement/prospectus to the board of directors of Whiting (the “Whiting board”), to hold office until the earlier of (A) the completion of the merger and (B) the 2023 annual meeting of Whiting stockholders and until their respective successors are duly elected and qualified (the “Whiting director election proposal”); and (4) To approve, on a non-binding advisory basis, the compensation of Whiting’s named executive officers (the “Whiting annual compensation advisory proposal” and, together with the Whiting merger compensation advisory proposal, the “Whiting compensation proposals”). | Issuer | Yes | For | With |
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
ALTERNATIVE CREDIT INCOME FUND
| By: | /s/ Jason Roos | |
| Jason Roos | ||
| Treasurer (Principal Financial Officer) | ||
| Date: | August 26, 2022 |
