On September 10, 2026, Alternative Credit Income Fund (ACIF) announced that its shareholders have approved a previously announced merger with BC Partners Lending Corporation (BCPL). The approval was secured during a special meeting of shareholders held on the same day.
Under the terms of the transaction, BCPL Merger Sub, Inc., a newly incorporated wholly owned subsidiary of BCPL, will merge with and into ACIF. Following this step, ACIF will subsequently merge with and into BCPL, with ACIF continuing as the surviving company and operating as a wholly owned subsidiary of BCPL.
The filing indicates that ACIF shareholders voted overwhelmingly in favor of the proposal. Approximately 84.6% of voting shareholders supported the merger.
In connection with the transaction, ACIF is conducting a one-time discretionary repurchase offer for up to 15% of its outstanding shares.
The press release accompanying the filing states that the combined company is expected to benefit from greater scale, enhanced diversification, and improved access to capital.
