DALLAS, Nov. 17, 2021 /PRNewswire/ -- Vertical
Capital Income Fund (NYSE: VCIF, the "Fund") and Oakline Advisors,
LLC ("Oakline"), adviser to the Fund, announced today that the
Fund's Secretary, Stanton Eigenbrodt
has resigned. With a vote of the Fund's trustees on
Friday, November 12, Oakline's Chief
Operating Officer Jason Mattox will
assume the role of Secretary for the Fund. Officers of the
Fund serve subject to annual reappointment. Mr. Mattox will
continue in his role at the Fund's adviser Oakline and its parent
company Behringer as well.
![(PRNewsfoto/Vertical Capital Income Fund) (PRNewsfoto/Vertical Capital Income Fund)](https://mma.prnewswire.com/media/1640447/Vertical_Capital_Income_Fund_Logo.jpg)
With over 25 years of tenure, Mr. Mattox has served in numerous
executive leadership, investment, and operational capacities
amongst all Behringer entities and sponsored investment funds since
its inception. With Oakline Advisors, Mr. Mattox coordinates
investor inquiries with AST Financial, VCIF's transfer agent and
amongst the entire executive team. Mr. Mattox received a Bachelor
of Business Administration degree, with honors, and a Bachelor of
Science degree, cum laude, from Southern
Methodist University in Dallas,
Texas. He is a former member of the National Advisory Board
of the University of Colorado Real
Estate Center, The Real Estate Council Foundation, and The Real
Estate Council Political Action Committee.
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 the Fund may not be
appropriate for all investors. Before investing, prospective
investors should consider carefully the Fund's investment
objective, risks, charges and expenses. For further
details, please visit Vertical Capital Income Fund's website at
vertical-incomefund.com.
This release contains forward-looking statements relating to the
business and financial outlook of Vertical Capital Income Fund that
are based on the Fund's current expectations, estimates, forecasts
and projections and are not guarantees of future performance. There
is 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 any such statements. A number of important
factors could cause actual results to differ materially from the
forward-looking statements contained in this release.
About Vertical Capital Income Fund
Vertical Capital Income Fund (VCIF) is an NYSE-listed closed-end
fund that seeks monthly income by investing primarily in performing
non-agency residential whole loans secured by real estate. As a
secondary strategy the Fund aims to provide total return by
acquiring performing residential loans at a discount to the unpaid
principal balance (UPB). VCIF realizes capital gains as loans are
paid off before maturity.
About Oakline Advisors, LLC
Oakline Advisors, LLC is the adviser to Vertical Capital Income
Fund. Founded in 2013, Oakline Advisors, LLC is an
SEC-registered investment adviser that specializes in the
residential whole loan market. It is a wholly owned subsidiary of
Dallas, TX-based Behringer.
Since its inception in 1989, Behringer, together with its
affiliates, has raised equity of more than $6 billion in 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/vertical-capital-income-fund-vcif-announces-officer-change-301427558.html
SOURCE Vertical Capital Income Fund