Tender Offer - Alternative Credit Income Fund

Form Type: N-23C3A

Filing Date: 2025-03-17

Corporate Action: Tender-offer

Type: New

Accession Number: 000139834425005651

Filing Summary: On March 14, 2025, the Alternative Credit Income Fund announced a quarterly repurchase offer for its shares. The offer provides an opportunity for shareholders to liquidity by allowing them to sell shares back to the fund. The repurchase period extends from March 14, 2025, to April 10, 2025, with a deadline for submission of repurchase request forms by 4:00 p.m., Eastern Time, on April 10, 2025. The fund offers to buy back up to five percent of its issued and outstanding shares at the net asset value (NAV) as of the close of business on the New York Stock Exchange on the pricing date of April 10, 2025. Class A and Class C shareholders may be subject to early withdrawal charges if they tender their shares within the first year of purchase. If the total requests exceed the offer limit, the repurchase will occur on a pro-rata basis. Payments for repurchased shares are expected to be made the day after the pricing date, with proceeds available within seven days. Tax consequences for participating in the repurchase are noted, reminding shareholders to consult their tax advisers about potential taxable events. The notice does not guarantee all tendered shares will be repurchased if tender amounts exceed capacity.