DALLAS, February 22, 2022 /PRNewswire/ — Today, the board of directors (the “Board”) of Vertical Capital Income Fund (NYSE: VCIF; the “Fund”) announced that it has engaged Ladenburg Thalmann & Co. Inc. ( “Ladenburg”) to evaluate strategic alternatives for the Fund, with the aim of increasing shareholder value. There can be no assurance that such exploration of strategic alternatives will result in the Fund entering into or entering into a transaction. The Fund does not intend to disclose further information regarding the strategic review process unless and until a specific action plan is identified and approved.
Inquiries regarding this process should be directed to Ladenburg’s new York Office. Thompson Hine LLP is acting as legal counsel to the Fund and legal counsel to the Board of Directors and will assist in exploring alternatives.
Shares of closed-end funds often trade at a discount to their net asset value. The market price of shares in the Fund may differ from the net asset value depending on factors affecting supply and demand for 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 confidence of investors in the underlying markets in which the Fund invests. The shares of the Fund are subject to investment risk, including possible loss of principal invested. No fund is a complete investment program and you can lose money investing in a fund. An investment in the Fund may not be suitable for all investors. Before investing, potential investors should carefully consider the Fund’s investment objective, risks, charges and expenses. For more details, please visit the Vertical Capital Income Fund website at vcif.us.
This press release contains forward-looking statements relating to the business and financial prospects of Vertical Capital Income Fund which are based on the Fund’s current expectations, estimates, forecasts and projections 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 such 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 release.
About the Vertical Capital Income Fund
Vertical Capital Income Fund is a NYSE-listed closed-end fund that invests primarily in whole residential mortgages and whole residential loans secured by deeds of trust. The Fund’s investment objective is to seek income. More information at www.vcif.us.
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 adviser specializing in the residential lending market. It is a 100% subsidiary of Dallas, TX-based Behringer. Since its inception in 1989, Behringer, together with its subsidiaries, has raised equity capital of more than $6 billion of assets through public and private fund structures. For more information about Oakline and Behringer, please visit their respective websites at oaklineadvisors.com and behringerinvestments.com.
Fund units are identified by CUSIP 92535C104
SOURCE Vertical Capital Income Fund