Bulldog Investors to Solicit Proxies for Annual Meeting of Vertical Capital Income Fund

SADDLE BROOK, N.J.--()--Bulldog Investors, LLC (“Bulldog”) today announced that it will solicit proxies for the annual meeting of shareholders of Vertical Capital Income Fund (the “Fund”) (NYSE: VCIF) to oppose the approval of a new investment advisory agreement between the Fund and Oakline Advisors, LLC and the re-election of Robert Boulware to the Fund’s Board of Trustees.

Phillip Goldstein, a managing member of Bulldog, commented: “After the Fund converted to a closed-end fund two months ago, the stock price immediately collapsed. It currently trades at a discount of about 20% below its net asset value (“NAV”). If shareholders do not approve the new investment advisory agreement, that would send a message to the Board that they want an opportunity to realize a price at or close to NAV for all their shares e.g., by liquidating the Fund.”

Bulldog beneficially owns approximately 7.6% of the outstanding common stock of the Fund.

About Bulldog Investors

Bulldog Investors LLC is an SEC-registered investment adviser that manages the Bulldog Investors group of private funds, Special Opportunities Fund, Inc. (NYSE:SPE), a registered closed-end investment company, and separately managed accounts.

Contacts

InvestorCom
John Glenn Grau, (203) 972-9300 ext. 110
jgrau@investor-com.com

Release Summary

Bulldog Investors, LLC today announced that it will solicit proxies for the annual meeting of shareholders of Vertical Capital Income Fund.

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Contacts

InvestorCom
John Glenn Grau, (203) 972-9300 ext. 110
jgrau@investor-com.com