The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL) Sees Significant Decline in Short Interest

The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (NASDAQ:CGABL) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 33,453 shares, a drop of 35.1% from the April 15th total of 51,520 shares. Based on an average daily trading volume, of 8,657 shares, the days-to-cover ratio is currently 3.9 days.

Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Stock Down 1.3%

CGABL traded down $0.22 during trading on Monday, reaching $16.51. The company had a trading volume of 15,633 shares, compared to its average volume of 26,885. The business has a 50 day simple moving average of $17.30 and a 200-day simple moving average of $17.47. Carlyle Group Inc. 4.625% Subordinated Notes due 2061 has a 52 week low of $16.43 and a 52 week high of $18.80.

Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, August 15th. Investors of record on Saturday, August 1st will be given a $0.2891 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.16 dividend on an annualized basis and a yield of 7.0%.

Carlyle Group Inc. 4.625% Subordinated Notes due 2061 Company Profile

The Carlyle Group Inc 4.625% Subordinated Notes due 2061 (Nasdaq: CGABL) are unsecured, subordinated debt securities issued by The Carlyle Group Inc, a global alternative asset manager. These notes pay a fixed annual interest rate of 4.625%, with interest typically paid semi-annually. As subordinated obligations, they rank below the company’s senior debt but above its equity in the event of liquidation. The notes mature in 2061, at which point the principal amount is payable, unless earlier redeemed or repurchased by the issuer under the terms set forth in the offering documents.

The issuance of these subordinated notes is intended to support Carlyle’s ongoing capital needs, including general corporate purposes and potential growth initiatives across its various investment platforms.