DALLAS, Feb. 22, 2022 /PRNewswire/ -- Today the
Board of Trustees (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 goal of increasing shareholder
value. There can be no assurance that this exploration of strategic
alternatives will result in the Fund entering or completing any
transaction. The Fund does not intend to make any further
disclosures regarding the strategic review process unless and until
a specific course of action is identified and approved.
Inquiries with regard to this process should be directed to
Ladenburg's New York office.
Thompson Hine LLP serves as Fund legal counsel and legal counsel to
the Board and will assist with the exploration of alternatives.
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 vcif.us.
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 is an NYSE listed closed-end fund
that primarily invests in residential whole mortgage loans and
residential whole loans secured by deeds of trust. The
investment objective of the Fund is to seek income. More
information is at www.vcif.us.
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.
Fund shares are identified by CUSIP 92535C104
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SOURCE Vertical Capital Income Fund