Carlyle Credit Solutions proposes reorganization as a Delaware statutory trust

Carlyle Credit Solutions, Inc. publicly filed an N-14 registration statement proposing a merger into New Carlyle Credit Solutions, a Delaware statutory trust. The transaction would reorganize the existing Maryland corporation and requires stockholder approval. The proposal retains the investment objective, strategy, management team, investment adviser, and management and incentive fee structure. The successor would operate with a 150% asset coverage requirement, compared with the existing fund’s 200% requirement, allowing greater borrowing. The reorganization was proposed and had not completed at this announcement.