Liquidation: GUGGENHEIM CREDIT INCOME FUND 2019

Form Type: 10-Q

Filing Date: 2025-05-15

Corporate Action: Liquidation

Type: Update

Accession Number: 000139834425009674

Filing Summary: The Guggenheim Credit Income Fund 2019 filed its quarterly report for the period ending March 31, 2025, indicating ongoing financial operations and performance metrics. The total assets as of March 31, 2025, were reported at $1,591,329, while total liabilities were $122,021, resulting in net assets of $1,469,308. This reflects a decline from December 31, 2024, where net assets were $1,850,926. The statement details that the Company has undergone significant losses, including a net investment loss of $133,289 for the year and a decrease in NAV per Common Share from $1.07 to $0.85. The Company also disclosed its ownership of 19.72% of the Master Fund's outstanding common shares and the current suspension of its share repurchase program as part of a liquidation plan initiated on March 30, 2021, to provide liquidity. Forward-looking statements within the report caution against reliance on projections due to market uncertainties. Furthermore, the structure of the Company as a non-diversified closed-end management investment company under the Investment Company Act of 1940 is reiterated, along with its investment objectives focusing on income and capital preservation.

Form Type: 10-K

Filing Date: 2025-03-31

Corporate Action: Liquidation

Type: Update

Accession Number: 000139834425006254

Filing Summary: Guggenheim Credit Income Fund 2019 announced a Plan of Liquidation approved by the Board of Trustees on March 30, 2021, aimed at providing liquidity to shareholders. As of March 28, 2025, over 99% of the NAV has been declared for liquidating distributions, significantly affecting the net asset value. The cumulative liquidating distributions declared per share are reported at $22.57, leading to a decrease in shareholder investment value. The company emphasizes the operational context of maintaining its registration as a Business Development Company (BDC) while pursuing the formal liquidation under the guidelines outlined in the offering documents. The report discusses investment objectives focused on income and capital preservation, while also presenting associated risks stemming from fluctuations in market conditions and internal management capabilities.