Saba Capital Applauds Vertical Capital Income Fund’s Transaction with Carlyle Global Credit Investment Management
January 12 2023 - 5:45PM
Business Wire
Saba Capital Management, L.P. and certain associated parties
(collectively “Saba” or “we”) today declared its support for the
announced transaction between Vertical Capital Income Fund (NYSE:
VCIF) (“VCIF” or the “Fund”) and Carlyle Global Credit Investment
Management (“Carlyle”).
Pierre Weinstein, Partner at Saba, commented:
“Saba appreciates the Fund’s Board engaging in the process to
find a new advisor for VCIF. We believe the transaction presents
attractive opportunities for all shareholders, including through
the planned tender offer. It is a positive development for
closed-end fund investors that a manager of Carlyle’s high caliber
is entering the space.”
About Saba Capital
Saba Capital Management, L.P. is a global alternative asset
management firm that seeks to deliver superior risk-adjusted
returns for a diverse group of institutional clients. Founded in
2009 by Boaz Weinstein, the Firm is a pioneer of credit relative
value and capital structure trading. The Firm is headquartered in
New York City. Learn more at www.sabacapital.com.
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Longacre Square Partners Greg Marose / Kate Sylvester,
646-386-0091 gmarose@longacresquare.com /
ksylvester@longacresquare.com
Carlyle Credit Income (NYSE:VCIF)
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