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This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein, if any. Only a prospectus for Carey Credit Income Fund 2016 T or Carey Credit Income Fund – I  can make such an offer. This material is authorized only when it is accompanied or preceded by the applicable prospectus. Neither the SEC nor the Attorney General of the State of New York nor any other state regulator has passed on or endorsed the merits of these offerings. Any representation to the contrary is a criminal offense. Securities are offered through Carey Financial, LLC, member of FINRA/SIPC, as Dealer Manager.

Master/Feeder Structure

Carey Credit Income Fund is a master fund (“CCIF” or the “Master Fund”) in a master/feeder structure. In this structure, each Feeder Fund, Carey Credit Income Fund 2016 T (“CCIF 2016 T”) and Carey Credit Income Fund – I (“CCIF – I”), is capitalized by shareholders and in turn each Feeder Fund will invest all or substantially all of its assets in the Master Fund. Shareholders are investing in shares of a Feeder Fund, not the Master Fund. The investment results of each Feeder Fund will be directly dependent on the investment results of the Master Fund. For a further explanation of the master/feeder structure, see the section entitled “Master/Feeder Fund Structure” in the applicable Feeder Fund prospectus.

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