W. P. Carey Feeder Fund Posts an Investment Return of -1.85 Percent

Carey Credit Income Fund 2016 T, a feeder fund that pools investor capital into Carey Credit Income Fund, a non-traded business development company, released its fourth quarter and year-end 2015 financial results. The master fund, Carey Credit Income Fund, and the feeder fund are both managed by affiliates of W. P. Carey Inc. (NYSE: WPC) and Guggenheim Partners LLC.

Carey Credit Income Fund 2016 T Year-End 2015 Highlights

• CCIF 2016 T’s initial registration statement was declared effective by the Securities and Exchange Commission on July 24, 2015. CCIF 2016 T commenced investment operations on October 8, 2015.

• From July 24, 2015 through December 31, 2015, CCIF 2016 T raised gross proceeds of $2.4 million.

• During the fourth quarter ended December 31, 2015, CCIF 2016 T paid fully covered distributions of $0.15 per share.

• For the period from July 24, 2015 to December 31, 2015, the feeder fund’s total investment return was -1.85 percent. According to the company, the reason for this decline was primarily due to the unrealized losses in CCIF’s commodity-sensitive assets and the corresponding unrealized losses with respect to the value of CCIF 2016 T’s ownership of CCIF.

• On December 17, 2015, CCIF entered into a senior-secured term loan credit facility with JPMorgan Chase Bank, NA for an aggregate principal commitment amount of up to $175 million. The interest rate under the credit facility is based on three month LIBOR plus 2.65 percent.

Carey Credit Income Fund invests primarily in large, privately negotiated loans to private middle market U.S. companies. The fund’s portfolio investments at fair value totaled $78.2 million as of December 31, 2015 and consisted of 38 debt investments and one attached equity investment in 32 portfolio companies.