|Bid||9.90 x 900|
|Ask||10.73 x 800|
|Day's Range||9.87 - 9.97|
|52 Week Range||7.29 - 10.79|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.09 (0.91%)|
|1y Target Est||N/A|
DALLAS, Oct. 11, 2019 /PRNewswire/ -- Vertical Capital Income Fund (NYSE: VCIF) is releasing the results of the certified final report of the independent inspector of election with respect to the results of the Fund's 2019 annual meeting of shareholders. The independent inspector of election determined that a quorum was present at the meeting and that shareholders of the Fund voted to approve a new investment advisory agreement between the Fund and Oakline Advisors, LLC and re-elect as a trustee Mr. Robert Boulware, who currently serves as Lead Independent Trustee. The Board of Trustees of the Fund has accepted the certified final report of the independent inspector of election.
The September distribution was lower than the prior month despite higher investment income from the portfolio. The decrease is due entirely to non-recurring costs associated with the Fund's proxy for the annual meeting, a process which, despite support from holders of a majority of shares voted to date, has been drawn out and made more expensive by the actions of an activist investor. Notwithstanding these proxy-related non-recurring costs, the higher investment income from the portfolio is a result of continued pursuit of the Fund's investment strategy following the Fund's listing and elimination of quarterly repurchases.
DALLAS, Sept. 17, 2019 /PRNewswire/ -- Vertical Capital Income Fund (NYSE: VCIF) has adjourned its 2019 Annual Meeting of Shareholders to September 30, 2019 and is asking shareholders to cast their votes to continue the stability of the Fund. This is the last chance that shareholders will have to vote at the Annual Meeting. The Fund does not plan to adjourn the Annual Meeting past this date. The Fund is asking shareholders to vote on proposals to approve a new investment advisory agreement with Oakline Advisors, LLC (with no fee increase) and re-elect Mr. Robert Boulware as a trustee. Mr. Boulware currently serves as the Fund's Lead Independent Trustee. Please vote to continue the stability of the Fund by renewing our investment advisor and re-electing our Lead Independent Trustee.
DALLAS, Sept. 11, 2019 /PRNewswire/ -- Vertical Capital Income Fund (NYSE: VCIF) announced the adjournment of its Annual Meeting at Gemini Fund Services, 80 Arkay Drive, Suite 110 in Hauppauge, New York 11788. The rescheduled Annual Meeting will be held on September 30, 2019, at 10:00 a.m., Eastern Time, at the same location. Commencing September 12, 2019, the Fund's investment portfolio will be internally managed by the Fund's officers. The Fund anticipates that on September 30, 2019, shareholders will approve an investment advisory agreement with Oakline Advisors, LLC and Oakline Advisors, LLC will return to its role as investment adviser to the Fund.
In connection with the Annual Meeting, the Fund has filed on June 21, 2019 with the SEC, and furnished to the Fund's shareholders on or around June 27, 2019, a Definitive Proxy Statement and WHITE proxy card pertaining to the Annual Meeting. Shareholders of the Fund are urged to read the Definitive Proxy Statement and other relevant documents that have been or may be filed with the SEC carefully and in their entirety because they contain important information about the Annual Meeting.
Shareholders of record of the Fund as of the close of business on June 20, 2019 are entitled to notice of, and to vote at, the Annual Meeting and at any adjournment thereof. The notice of the Annual Meeting will be mailed to shareholders on or about June 27, 2019. At the Annual Meeting, shareholders of the Fund will be asked to elect one of the Trustees of the Fund, and to re-approve the advisory agreement between the Fund and its adviser, Oakline Advisors, LLC.