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
