Carey Credit Income Fund To Begin To Raise Public Capital - Quick Facts

(RTTNews) - W. P. Carey Inc. (WPC) and Guggenheim Partners announced that Carey Credit Income Fund (CCIF) will begin to raise capital through its initial feeder fund, Carey Credit Income Fund 2016 T or CCIF 2016 T.

CCIF is a non-traded business development company that intends to invest primarily in large, privately-negotiated loans to private middle market U.S. companies, with a focus on senior secured debt investments. CCIF is advised by Carey Credit Advisors, LLC, an affiliate of W. P. Carey, as the advisor, and Guggenheim Partners Investment Management, LLC, an affiliate of Guggenheim Partners, as the sub-advisor.

On July 24, 2015, the registration statement for CCIF 2016 T, a non-traded feeder fund, was declared effective by the Securities and Exchange Commission. CCIF 2016 T intends to raise a maximum of $1.0 billion at an initial public offering price of $9.55 per share.