Callodine Specialty Income Fund

08/28/2026 | Press release | Distributed by Public on 08/28/2026 09:20

Supplemental Prospectus (Form 424B3)

Filed pursuant to Rule 424(b)(3)
File No. 333-280841

CALLODINE SPECIALTY INCOME FUND
(the "Fund")

Class I Shares (CALIX)
Class A Shares (CALLX)
Class C Shares (CALSX)

August 28, 2026

Supplement to the Prospectus and Statement of Additional Information ("SAI"),
each dated April 30, 2026

This Supplement provides new and additional information beyond that contained in the Prospectus and SAI and should be read in conjunction with the Prospectus and SAI.

(1) Effective immediately, Kevin Miller no longer serves as a Portfolio Manager of the Fund's real estate lending sub-strategy. Accordingly, all references to Kevin Miller as a Portfolio Manager in the Prospectus and SAI are hereby deleted. Brendan Miller will continue to serve as the Portfolio Manager responsible for the management of the Fund's real estate lending sub-strategy.
(2) Effective immediately, the address of the Fund's investment adviser, Callodine Capital Management, LP (the "Investment Adviser"), is updated to One International Place, Suite 2710, Boston, MA 02110. All references to the prior address of the Investment Adviser in the Prospectus and SAI are hereby updated accordingly.

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Please retain this Supplement for future reference.

Callodine Specialty Income Fund published this content on August 28, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 28, 2026 at 15:20 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]