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Guggenheim Credit Income Fund 2016 T (1618694) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Guggenheim Credit Income Fund 2016 T

CIK: 1618694
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Exhibit 99.1

GUGGENHEIM CREDIT INCOME FUND
SECOND QUARTER 2018 OVERVIEW
This overview contains details about the portfolio and operating results for the quarter ended June 30, 2018 of Guggenheim Credit Income Fund ("GCIF" or the "Company") and its feeder funds, Guggenheim Credit Income Fund 2019 ("GCIF 2019") and Guggenheim Credit Income Fund 2016 T ("GCIF 2016 T") (together, the "Feeder Funds"). This overview should be read in conjunction with the GCIF 2019 and GCIF 2016 T Quarterly Reports on Form 10-Q, which each incorporate the GCIF Quarterly Report on Form 10-Q, as filed with the U.S. Securities and Exchange Commission (the "SEC") on August 9, 2018.
Six Months Ended June 30, 2018 Highlights
GCIF 2019’s net asset value per share as of the end of the period was $25.68, compared to $25.68 as of December 31, 2017.
GCIF 2016 T’s net asset value per share as of the end of the period was $9.07, compared to $9.05 as of December 31, 2017.
GCIF's gross debt portfolio yield was 9.1%, compared to 8.9% as of December 31, 20171.
GCIF 2019 paid distributions of $0.92 per share and GCIF 2016 T paid distributions of $0.33 per share all of which were covered by estimated taxable income.
GCIF's portfolio investments at fair value totaled $385 million, of which 93% was in senior debt investments. The portfolio consisted of 123 investments across 82 portfolio companies.
GCIF invested $131 million with sales and paydowns totaling $121 million.
GCIF had no debt investment on non-accrual status.
GCIF 2019 filed a Form N-2 Registration Statement for a follow-on offering, which is was declared effective by the SEC on June 13, 2018.
Please see below for feeder fund specific highlights:
 
 
Six Months Ended June 30, 2018
 
 
GCIF 2019
GCIF 2016 T
Distributions paid per share
 
$0.92
$0.33
Total investment return-net asset value (non-annualized) 2
 
3.62
%
3.94
%
Total assets ($ in thousands)
 
$41,891
$162,583
Net asset value per share
 
$25.68
$9.07
________________________
(1)    Weighted average effective yield of the total debt portfolio is calculated as the effective yield of each investment and weighted by its amortized cost as compared to the aggregate amortized cost of all debt investments. Effective yield is the return earned on an investment net of any discount, premium, or issuance costs. Effective portfolio yield for the total debt portfolio is calculated before considering the impact of leverage or any operating expenses, and cash, restricted cash, non-income producing assets and equity investments are excluded.
(2)    Total investment return-net asset value is a measure of the change in total value for shareholders who held the Feeder Funds' common shares at the beginning and end of the period, including distributions declared during the period. Total investment return-net asset value is based on (i) net asset value per share on the first day of the period, (ii) the net asset value per share on the last day of the period, plus any shares issued in connection with the reinvestment of monthly distributions, and (iii) distributions payable relating to the ownership of shares, if any, on the last day of the period. The total investment return-net asset value calculation assumes that distributions are reinvested in accordance with the Feeder Funds' distribution reinvestment plan. Since there is no public market for the Feeder Funds' shares, terminal market value per share is assumed to be equal to net asset value per share on the last day of the period presented. Investment performance is presented without regard to sales load that may be incurred by shareholders in the purchase of the Feeder Funds' common shares. The Feeder Funds' performance changes over time and currently may be different than that shown above. Past performance is no guarantee of future results.


1

The following information was filed by Guggenheim Credit Income Fund 2016 T on Thursday, September 6, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Guggenheim Credit Income Fund 2016 T provided additional information to their SEC Filing as exhibits

CIK: 1618694
Form Type: 10-Q Quarterly Report
Accession Number: 0001618694-18-000064-2
Submitted to the SEC: Thu Nov 08 2018 1:00:21 PM EST
Accepted by the SEC: Thu Nov 08 2018
Period: Sunday, September 30, 2018
Industry: 1618694

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