NAV as of October 17, 2019.
NAV will be determined and posted monthly.
Shares of the Fund are only available for purchase and sale at the current market price on the NYSE. The market price information on the Fund is believed to be reliable, but the Fund cannot guarantee accuracy. Information for the Fund is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares.
Friday, October 11, 2019 – Dallas, Texas – Vertical Capital Income Fund (NYSE: VCIF) is releasing the results of the certified final report of the independent inspector of election with respect to the results of the Fund’s 2019 annual meeting of shareholders. The independent inspector of election determined that a quorum was present at the meeting and that shareholders of the Fund voted to approve a new investment advisory agreement between the Fund and Oakline Advisors, LLC and re-elect as a trustee Mr. Robert Boulware, who currently serves as Lead Independent Trustee. The Board of Trustees of the Fund has accepted the certified final report of the independent inspector of election (by clicking you are leaving the VCIF site).
VCIF Declares Distribution
With the NYSE listing, VCIF’s dividend cycle has been adjusted to an end of the month declaration date and mid-month payment date. VCIF’s most recent dividend announcement/declaration occurred on September 27, 2019. For further details, click here (by clicking you are leaving the VCIF site).
VCIF Lists on NYSE
Vertical Capital Income Fund (NYSE: VCIF) is a closed-end fund that seeks income by investing in residential whole mortgage loans. The fund commenced trading under NYSE symbol VCIF and CUSIP 92535C104.
As of March 31, 2019, VCIF owns a portfolio consisting of 786 whole residential loans totaling approximately $134,600,000 of Unpaid Principal Balance (“UPB”). Those loans have a weighted average contractual loan-to-value ratio (“LTV”) of approximately 72% and were acquired at a weighted average discount to UPB of approximately 19%. Over 93% of the portfolio loans are current as of the same date, with a weighted average coupon and effective yield to VCIF of 4.7% and 5.9%, respectively. Portfolio holdings are subject to change at any time.
Launched in 2011, VCIF has generated total net annual returns to shareholders of 6.73%, 6.39% and 7.93% over the trailing 1-year, 3-year and 5-year periods, respectively, as of March 31, 2019 (1.94%, 4.78%, 6.94%, respectively with 5.75% maximum sales load). The net annual return since inception on December 30, 2011, as of the same date is 8.15% (7.47% with maximum sales load).
The performance data quoted above represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when sold, may be worth more or less than their original cost. Past performance is no guarantee of future results. For performance information current to the most recent month-end, please call toll-free 866-277-VCIF (8243). Total annual fund operating expenses are 3.03%.
Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors' expectations for future distribution changes, the clarity of the Fund's investment strategy and future return expectations, and investors' confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund's investment objective, risks, charges and expenses.
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