Private Credit Portfolio Analysis | Guggenheim Credit Income Fund 2019 Reports Q1 2025 Results
- Editor
- May 15
- 2 min read
Whats New:
Guggenheim Credit Income Fund 2019 reported its Q1 2025 financial results, showing a significant decrease in total assets and net asset value compared to the previous quarter. The fund's total assets decreased to $1.59 billion as of March 31, 2025, down from $1.91 billion at the end of 2024. The net asset value per share also declined to $0.85, compared to $1.07 at the end of the previous quarter.
Portfolio Dynamics:
Total assets decreased to $1.59 billion as of March 31, 2025, compared to $1.91 billion at the end of 2024.
Investments at fair value declined to $1.24 billion, down from $1.49 billion at the end of 2024.
Cash and cash equivalents decreased to $354.04 million from $423.43 million at the end of 2024.
Investment Activity:
The fund reported a net change in unrealized depreciation from investment of $248.33 million for Q1 2025.
Net investment income for Q1 2025 was negative $133.29 million.
Total net decrease in net assets resulting from operations was $381.62 million for Q1 2025.
Capital Structure:
Total liabilities increased to $122.02 million from $58.13 million at the end of 2024.
Stockholders' equity decreased to $1.47 billion from $1.85 billion at the end of 2024.
The fund's common stock value and additional paid-in capital remained unchanged at $1.74 million and $6.98 billion respectively.
Performance Profile:
Net asset value per share decreased to $0.85 as of March 31, 2025, compared to $1.07 at the end of 2024.
The fund reported a net investment loss of $133.29 million for Q1 2025.
Accumulated other comprehensive loss increased to $5.51 billion from $5.13 billion at the end of 2024.
Risk & Quality:
Accounts payable and other accrued liabilities increased to $86.66 million from $19.95 million at the end of 2024.
The fund reported $16.27 million in accounts payable to related parties, up from zero at the end of 2024.
Accrued professional fees decreased to $19.09 million from $38.18 million at the end of 2024.
The Wrap:
Guggenheim Credit Income Fund 2019 experienced a challenging first quarter in 2025, with significant decreases in total assets, investments at fair value, and net asset value per share. The fund reported substantial unrealized depreciation from investments and a net investment loss, leading to a total net decrease in net assets from operations. While liabilities increased, stockholders' equity declined, reflecting the overall negative performance for the quarter.
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