"In the second quarter, we remained focused on long-term value creation amid continued volatility across the CLO equity market," said Nishil Mehta, CCIF's Principal Executive Officer and President. "While elevated repricing activity and weakness in the loan market continued to pressure CLO equity cash flows and valuations during the quarter, underlying credit fundamentals across the portfolio remained resilient. We maintained our monthly dividend of $0.06 per share, which we believe remains well supported by core net investment income. During the quarter, we continued to reset CLOs within the underlying portfolio, extending reinvestment periods and lowering financing costs. Looking ahead, we remain focused on disciplined underwriting, active portfolio management, and investing alongside experienced CLO managers as we seek to capitalize on opportunities created by market volatility."
Over the past quarter, the Fund has successfully:
Declared a monthly dividend of $0.06 cents through August 2026, equating to a 21.49% annualized dividend based on share price as of May 12, 2026.
Funded $1.5 million in new CLO investments with a weighted average GAAP yield of 11.49% as of March 31, 2026. The aggregate portfolio weighted average GAAP yield was 11.06% as of March 31, 2026.
Redeemed all $20 million 7.50% Series C Convertible Preferred Shares.
Net investment income was $0.09 per common share, adjusted net investment income was $0.11 per common share, and core net investment income was $0.29 per common share for the second quarter of 2026. Adjusted Net Investment Income Per Common Share and Core Net Investment Income Per Common Share are Non-GAAP financial measures described in further detail below. Net asset value per common share was $3.34 as of March 31, 2026. The total fair value of investments was $122.9 million as of March 31, 2026.
Dividends
CCIF is declaring a monthly dividend on shares of the Fund's common stock of $0.06 per share for June, July, and August 2026.
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