Bulldog Investors to Solicit Proxies for Annual Meeting of Vertical Capital Income Fund

Bulldog Investors, LLC ("Bulldog") today announced that it will solicit proxies for the annual meeting of shareholders of Vertical Capital Income Fund (the "Fund") VCIF to oppose the approval of a new investment advisory agreement between the Fund and Oakline Advisors, LLC and the re-election of Robert Boulware to the Fund's Board of Trustees.

Phillip Goldstein, a managing member of Bulldog, commented: "After the Fund converted to a closed-end fund two months ago, the stock price immediately collapsed. It currently trades at a discount of about 20% below its net asset value ("NAV"). If shareholders do not approve the new investment advisory agreement, that would send a message to the Board that they want an opportunity to realize a price at or close to NAV for all their shares e.g., by liquidating the Fund."

Bulldog beneficially owns approximately 7.6% of the outstanding common stock of the Fund.

About Bulldog Investors

Bulldog Investors LLC is an SEC-registered investment adviser that manages the Bulldog Investors group of private funds, Special Opportunities Fund, Inc. SPE, a registered closed-end investment company, and separately managed accounts.

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