Callodine Launches Interval Fund Providing Multi-Strategy Private Credit Solution

The Callodine Specialty Income Fund (CALIX) will provide access to specialized private credit strategies with opportunistic exposure to yielding public securities.

BOSTON--(BUSINESS WIRE)--Callodine Group (“Callodine”) is excited to announce the launch of the Callodine Specialty Income Fund (Ticker: CALIX) (the “Fund”), a closed-end interval fund designed to provide investors with high current income through exposure to private credit and other yield-oriented investment strategies.

CALIX will expand access to the firm’s private credit strategies that have traditionally been available to institutional investors. The Fund will be managed by a team of senior investment professionals across the Callodine platform that specialize in a range of income-producing strategies including Asset Based Lending, Life Sciences Finance, Direct Lending, Real Estate Lending, High Yield Debt and Yielding Equity securities.

“With the launch of the Callodine Specialty Income Fund, investors will be able to access Callodine’s specialized investment capabilities across private credit and alternative income strategies in a registered fund format,” said James Morrow, Founder and Chief Executive Officer of Callodine, and Co-Portfolio Manager of the Fund. “We believe CALIX offers a differentiated exposure within the evolving interval fund landscape, and a compelling risk-return profile.”

“CALIX will provide investors with exposure to a variety of private credit strategies and collateral types,” added Gene Martin, President & CEO of Callodine Credit Management and Co-Portfolio Manager of the Fund. “By leveraging our diversified platform and sector expertise, we believe the Fund can generate an attractive yield profile while maintaining a disciplined approach to portfolio construction and asset duration.”

A registration statement relating to CALIX has been filed with the U.S. Securities and Exchange Commission (“SEC”) and has become effective. Investors should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. The Fund’s prospectus contains this and other information and may be obtained by visiting www.callodinefunds.com or the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Callodine Group
Callodine Group is a Boston-based asset management platform with over $20 billion in assets under management across affiliated advisers. The Firm seeks to pursue predominantly income-oriented investment strategies with high cash yields that offer the potential for equity-like returns. Callodine’s specialized and dedicated investment teams target strategies across private credit, real estate credit, public equities and fixed income on behalf of institutional and individual investors.

Important Information

Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained from the Fund at [phone] or www.callodinefunds.com. An investor should read the prospectus carefully before investing.

An investment in the Fund involves a high degree of risk, is considered speculative and illiquid, and is not suitable for all investors. There can be no assurance that the Fund’s investment objective will be achieved or that its investment program will be successful. Investors could lose some or all of their investment. No public market for Shares exists, and none is expected to develop in the future. Investors should generally not expect to be able to sell their Shares (other than through the limited repurchase process), regardless of how the Fund performs.

Investors should consider the Fund as a supplement to an overall Investment program and should invest only if they are willing to undertake the risks involved, including risks that are inherent in securities investments generally as well as those risks that are specific to an investment in the Fund. All debt or debt related securities are exposed to credit risk, including default risk. The Fund is exposed to risks associated with changes in interest rates. Most of the credit instruments in which the Fund invests will be rated below investment grade by rating agencies, and many will have no credit rating at all. Credit instruments that are rated below investment grade (i.e., “high yield” securities or “junk bonds”) involve additional risks, including higher risk of default and loss of principal. Investment in private and small or middle-market companies involves a number of significant risks as there is generally little public information available about these companies. Such companies typically have shorter operating histories, narrower product lines and smaller market shares than larger businesses, which tend to render them more vulnerable to competitors’ actions and market conditions, as well as general economic downturns.

This press release has been prepared by Callodine Capital Management, LP, a registered investment adviser and advisor to the Callodine Specialty Income Fund. Manning & Napier Investor Services, Inc. (MNBD), an affiliate of Callodine, has a selling arrangement in place that allows them to sell the Fund. CALIX is distributed by Distribution Services, LLC which is not affiliated with Callodine Group or any of their affiliates.