January 27, 2017 Comments (0) Current Investigations

Carey Credit Income Fund 2016 T Investment Losses

Carey Credit Income Fund 2016 T

Investment Losses in Carey Credit Income Fund 2016 T

Are you concerned about investment losses in Carey Credit Income Fund 2016 T? If so, The White Law Group may be able to help you recover your losses through FINRA Arbitration.

According to their website, Carey Credit Income Fund’s current offerings, Carey Credit Income Fund 2016 T and Carey Credit Income Fund – I are each a feeder fund and CCIF is a master fund in a master/feeder structure. There are significant risks associated with an investment in each feeder fund and such an investment may not be suitable for all investors.

Carey Credit Income Fund (CCIF) raised capital through Carey Credit Income Fund 2016 T (CCIF 2016 T) in August 2015. CCIF is a non-traded business development company that intends to invest primarily in large, privately-negotiated loans to private middle market U.S. companies, with a focus on senior secured debt investments.

On January 26, 2017, Carey Credit Income Fund 2016 T announced that the board of trustees of Carey Credit approved an extension of the offering period until March 31, 2017, with an option to extend the offering until June 30, 2017.  The previous close of the offering was scheduled for February 14, 2017.

What is a Business Development Company (BDC)?

A Business Development Company (“BDC”) is an investment company that invests in small and mid-sized businesses. Investors can buy shares in a BDC, and the money from their investments are used to fund the businesses. In turn, investors can profit from dividends paid on their investments, or, in some cases, the sale of their shares.

Business Development Companies can be a good investment for the right investor, along with a diversified portfolio and sufficient due diligence. Advisors should only recommend BDCs to those investors who are able to both weather substantial losses and those who are not in need of immediate liquidity. Investors should be particularly cautious of riskier non-public and non-traded BDCs.

Free Consultation

If you invested in Carey Credit Income Fund 2016 T and would like a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.  For more information on the firm and its representation of investors, visit https://www.whitesecuritieslaw.com.