The Board of Trustees (the "Board") of Vertical Capital Income Fund (NYSE:VCIF) announced on February 22, 2022 that it has engaged Ladenburg Thalmann & Co. Inc. ("Ladenburg") to evaluate strategic alternatives for the Fund, with the goal of increasing shareholder value. There can be no assurance that this exploration of strategic alternatives will result in the Fund entering or completing any transaction.

The Fund does not intend to make any further disclosures regarding the strategic review process unless and until a specific course of action is identified and approved. Inquiries with regard to this process should be directed to Ladenburg's New York office. Thompson Hine LLP serves as Fund legal counsel and legal counsel to the Board and will assist with the exploration of alternatives.

Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors' expectations for future distribution changes, the clarity of the Fund's investment strategy and future return expectations, and investors' confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested.

No Fund is a complete investment program and you may lose money investing in a Fund. An investment in the Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund's investment objective, risks, charges and expenses.

This release contains forward-looking statements relating to the business and financial outlook of Vertical Capital Income Fund that are based on the Fund's current expectations, estimates, forecasts and projections and are not guarantees of future performance. There is no assurance that the Fund will achieve its investment objective. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements.

A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this release.