Liquidation: GUGGENHEIM CREDIT INCOME FUND 2016 T

Form Type: 10-Q

Filing Date: 2025-05-15

Corporate Action: Liquidation

Type: Update

Accession Number: 000139834425009669

Filing Summary: As of March 31, 2025, Guggenheim Credit Income Fund 2016 T reported net assets decreased to $4,036,000 from $5,191,000 at year-end 2024. The company owns 66.7% of the Master Fund's outstanding common shares, experiencing significant unrealized depreciation from investments. During the three months ended March 31, 2025, a net investment loss of $315,000 was reported. The Liquidation Plans approved on March 30, 2021, have led to multiple liquidating distributions largely composed of return of capital, impacting the net asset value. Furthermore, a share repurchase program has been suspended since the Liquidation Plan's implementation. The company investigates ongoing risks and has made several forward-looking statements regarding its performance and strategies moving forward. Comprehensive financial analysis indicates operational expenses have risen, emphasizing the need for consistent shareholder communications regarding financial sustainability and investment distributions. As of May 15, 2025, the total number of common shares outstanding was reported at 16,297,188, with a NAV per share of $0.25, reflecting the repercussions of the liquidation plan on asset valuation.

Form Type: 10-K

Filing Date: 2025-03-31

Corporate Action: Liquidation

Type: Update

Accession Number: 000139834425006251

Filing Summary: Guggenheim Credit Income Fund 2016 T has announced a Plan of Liquidation approved by the Boards of Trustees for both the Master Fund and the Feeder Funds effective March 30, 2021. The Plan aims to provide substantial liquidity to shareholders. As of March 28, 2025, over 99% of the net asset value (NAV) has been declared for liquidating distributions, which primarily consist of a return of capital, decreasing the shareholders' investment value. The total cumulative liquidating distributions declared per share for GCIF 2016 T is $8.17. The financial data shows a decline in net assets, with end-of-year net assets amounting to $5,191,000 and a net asset value per share of $0.32. Additionally, Company indicates it remains a business development company (BDC) and intends to maintain qualifications under Subchapter M of the Code. The company is currently not actively engaging in new portfolio investment activities due to focuses on liquidating existing assets.