DALLAS, November 17, 2021 / PRNewswire / – Vertical Capital Income Fund (NYSE: VCIF, the “Fund”) and Oakline Advisors, LLC (“Oakline”), adviser to the Fund, today announced that the Secretary of the Fund, Stanton Eigenbrodt resigned. With a vote of the Fund Trustees on Friday 12 November, Oakline COO Jason mattox will assume the role of secretary of the Fund. The directors of the Fund serve subject to annual renewal. Mr. Mattox will continue to serve as advisor to the Oakline Fund and its parent company Behringer.
With over 25 years of service, Mr. Mattox has held numerous leadership, investment and operating roles across all Behringer entities and sponsored investment funds since its inception. Along with Oakline Advisors, Mr. Mattox coordinates investor inquiries with AST Financial, VCIF’s transfer agent, and across the management team. Mr. Mattox received a Bachelor of Business Administration, Honors, and a Bachelor of Science, Cum Laude, from Southern Methodist University in Dallas, Texas. He is a former member of the National Advisory Council of the University of Colorado Real Estate Center, the Real Estate Council Foundation and the Real Estate Council Political Action Committee.
Closed-end fund stocks often trade at a discount to their net asset value. The market price of the shares of the Fund may vary from the net asset value depending on factors affecting the supply and demand of shares, such as the distribution rates of the Fund compared to similar investments, investors’ expectations regarding future distribution changes, the clarity of the Fund’s investment strategy and the return expectations and investor confidence in the underlying markets in which the Fund invests. Shares of the Fund are subject to investment risk, including the possible loss of invested capital. No Fund is a complete investment program and you can lose money by investing in a Fund. An investment in the Fund may not be suitable for all investors. Before investing, potential investors should carefully consider the investment objective, risks, charges and expenses of the Fund. For more details, please visit the Vertical Capital Income Fund website at vertical-revenufund.com.
This press release contains forward-looking statements relating to the business and financial prospects of Vertical Capital Income Fund which are based on current expectations, estimates, forecasts and projections of the Fund and are not guarantees of future performance. There can be no assurance that the Fund will achieve its investment objective. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this press release.
About the Vertical Capital Income Fund
Vertical Capital Income Fund (VCIF) is a NYSE-listed closed-end fund that seeks monthly income by investing primarily in full agency-free residential real estate loans backed by real estate. As a secondary strategy, the Fund aims to provide a total return by acquiring performing residential loans at a price below the outstanding principal balance (UPB). The VCIF realizes capital gains because the loans are repaid before maturity.
About Oakline Advisors, LLC
Oakline Advisors, LLC is the advisor to Vertical Capital Income Fund. Founded in 2013, Oakline Advisors, LLC is an SEC registered investment advisor that specializes in the entire residential loan market. It is a wholly owned subsidiary of Dallas, Texas-based on Behringer. Since its inception in 1989, Behringer and its subsidiaries have raised equity capital of over $ 6 billion in assets through public and private fund structures. For more information on Oakline and Behringer, please visit their respective websites at Oaklineadvisors.com and behringerinvestments.com.
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SOURCE Vertical Capital Income Fund