T. Rowe Price OHA Select Private Credit Fund 8-K

What Happened

• T. Rowe Price OHA Select Private Credit Fund filed an 8-K on January 30, 2026 announcing regular and variable supplemental distributions for each share class, payable on or about February 27, 2026 to holders of record as of January 30, 2026. The filing also reported the fund’s December 31, 2025 net asset value (NAV), portfolio fair value, outstanding debt and the status of its ongoing public offering.

Key Details

• Distributions declared (per share):
  • Class I: Regular gross $0.2000; Variable supplemental $0.0300; Total $0.2300.
  • Class S: Regular gross $0.2000 less $0.0190 servicing fee = $0.1810 net; Variable supplemental $0.0300; Total $0.2110.
  • Class D: Regular gross $0.2000 less $0.0056 servicing fee = $0.1944 net; Variable supplemental $0.0300; Total $0.2244.
• Record and payment dates: Record date January 30, 2026; distributions payable on/about February 27, 2026; cash or reinvestment available under the fund’s distribution reinvestment plan.
• December 31, 2025 snapshot: NAV per share $26.89; aggregate NAV $1,588.2 million; portfolio fair value $2,893.6 million; principal debt outstanding $1,433.6 million; debt-to-equity ≈ 0.90x.
• Offering status (through Jan 2, 2026 subscriptions): Continuing public offering up to $2.5 billion; Shares issued and total consideration — Class I: 48,088,528 ($1,315.4M); Class S: 4,519,735 ($123.9M); Class D: 6,216,239 ($167.8M).

Why It Matters

• The declared distributions provide income to shareholders and the option to reinvest may compound returns for participating investors. Differences in per-class net amounts reflect shareholder servicing/distribution fees.
• The NAV, portfolio fair value and the ~0.90x debt-to-equity ratio give investors a snapshot of the fund’s size and leverage as of year-end 2025.
• The ongoing offering (up to $2.5B) and roughly $1.61B raised through Jan 2, 2026 indicate continued capital inflows and growth of the fund’s investor base; investors should note the fund’s leverage and distribution policy when assessing risk and yield.