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Guggenheim Credit Income Fund 2019 (1618696) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

Guggenheim Credit Income Fund 2019

CIK: 1618696
Exhibit 99.1
GUGGENHEIM CREDIT INCOME FUND
FIRST QUARTER 2021 OVERVIEW
This overview contains details about the portfolio and operating results for the quarter March 31, 2021 of Guggenheim Credit Income Fund ("GCIF" or the "Master Fund") and its feeder funds, Guggenheim Credit Income Fund 2019 ("GCIF 2019") and Guggenheim Credit Income Fund 2016 T ("GCIF 2016T") (together, the "Feeder Funds"). This overview should be read in conjunction with the GCIF 2019 and GCIF 2016T 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 May 13, 2021.
Three Months Ended March 31, 2021 Highlights and Subsequent Events
GCIF 2019 declared distributions of $0.30 per share and GCIF 2016T declared distributions of $0.11 per share.
GCIF's yield on total debt investments was 7.8%, compared to 7.8% as of December 31, 2020 (1).
GCIF's yield on total investments was 7.7%, compared to 7.7% as of December 31, 2020 (2).
GCIF's total investments at fair value totaled $261 million, of which 100% was in senior debt investments. The portfolio consisted of 122 investments across 67 portfolio companies.
GCIF invested $2 million, 100% of which was in senior debt, with sales and paydowns totaling $41 million.
GCIF had three debt investment on non-accrual status as of March 31, 2021. This represented 6.0% and 3.7% of the portfolio based on amortized cost and fair value, respectively.
GCIF 2019’s net asset value per share as of March 31, 2021 was $23.47, compared to $22.67 as of December 31, 2020.
GCIF 2016T’s net asset value per share as of March 31, 2021 was $8.32, compared to $7.98 as of December 31, 2020.
On March 30, 2021 the Board approved a Plan of Liquidation for the Master Fund and the Feeder Funds which is further outlined below.
In accordance with the offering documents and the intention of GCIF 2016 T and GCIF 2019 to provide substantial shareholder liquidity on or before December 31, 2022 and December 31, 2026 respectively, on March 30, 2021, the Boards of Trustees of the Master Fund and the Feeder Funds approved respective Plans of Liquidation for each Company (each, a “Plan). In accordance with the Plans, the Master Fund will begin to effect a liquidation of its portfolio, with the intention of liquidating substantially all of its assets through liquidating distributions to the Feeder Funds on or before December 31, 2022. The Feeder Funds intend to, in turn, make quarterly liquidating distributions to their own shareholders with the proceeds received from the Master Fund, and will seek to distribute substantially all of their respective assets on or before December 31, 2022. It is intended that these distributions will be substantially composed of return of capital and will decrease the net asset value of the Master Fund and Feeder Funds. To reduce shareholder cost and administration burdens, these quarterly liquidating distributions will be combined with any regular income distribution that is declared by the Board in future quarters.
In order to allow for an orderly liquidation, the Feeder Funds will not conduct future tender offers and will cease their dividend reinvestment programs. All Feeder Fund shareholders who have historically had their distributions reinvested into new shares of the Feeder Fund will now receive cash distributions.

Please see below for feeder fund-specific highlights:
Three Months Ended March 31, 2021
GCIF 2019 GCIF 2016T
Distributions declared per share$0.30$0.11
Total investment return (3)
4.87 %5.72 %
Total assets ($ in thousands)$40,888$136,121
Net asset value per share$23.47$8.32
________________________
(1)Weighted average effective yield of the total debt investments 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 yield on total debt investments is calculated before considering the impact of leverage or any operating expenses.
(2)The total investment portfolio yield is calculated before considering the impact of leverage or any operating expenses, and includes all income generating investments, non-income generating investments and investments on non-accrual status.
1

The following information was filed by Guggenheim Credit Income Fund 2019 on Monday, May 17, 2021 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 2019 provided additional information to their SEC Filing as exhibits

CIK: 1618696
Form Type: 10-Q Quarterly Report
Accession Number: 0001618696-21-000031
Submitted to the SEC: Thu Aug 12 2021 6:13:42 PM EST
Accepted by the SEC: Fri Aug 13 2021
Period: Wednesday, June 30, 2021
Industry: 1618696

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