Liquidation: GUGGENHEIM CREDIT INCOME FUND

Form Type: DEF 14A

Filing Date: 2025-04-14

Corporate Action: Liquidation

Type: New

Accession Number: 000182126825000091

Filing Summary: A joint special meeting for shareholders of Guggenheim Credit Income Fund, Guggenheim Credit Income Fund 2016 T, and Guggenheim Credit Income Fund 2019 is set for May 12, 2025. Key agenda items include approval for the withdrawal from being regulated as a business development company (BDC) under the U.S. Investment Company Act of 1940 and subsequent liquidation and dissolution of the funds, as well as approval for the sale of certain illiquid assets held by the Master Fund to allow for complete liquidation and distribution of sale proceeds to shareholders. The board has unanimously recommended voting 'FOR' the proposals. A proxy voting system is encouraged for shareholder participation, with details provided for proxy submission via mail, phone, or online. If the proposals are not approved, the companies will maintain their current operations and seek alternatives. The joint proxy statement includes comprehensive voting procedures, outcomes, and important dates regarding the meeting.

Form Type: PRE 14A

Filing Date: 2025-03-21

Corporate Action: Liquidation

Type: New

Accession Number: 000182126825000079

Filing Summary: The document outlines a preliminary proxy statement for a joint special meeting of shareholders for Guggenheim Credit Income Fund and its feeder funds. The primary purpose of the meeting is to seek shareholder approval for two key proposals: (1) the withdrawal of the funds' election to be regulated as business development companies (BDCs), and (2) the subsequent liquidation and dissolution of the funds. The document details the necessity for these actions based on the funds' declining asset values and high ongoing regulatory costs. Since March 2021, the funds have been liquidating their assets, returning substantial amounts to shareholders, but are left with illiquid assets that complicate further distributions. To avoid ongoing costs associated with maintaining BDC status and to facilitate the liquidation of these illiquid assets, the Board of Trustees has recommended this course of action to shareholders, emphasizing the importance of proxy voting to achieve a quorum for the meeting. The approval of both proposals is critical for the companies to proceed with their planned dissolution and to enable the distribution of any remaining assets to shareholders before finalizing their closure.