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

What Happened

• T. Rowe Price OHA Select Private Credit Fund announced regular and variable supplemental distributions payable on or about March 30, 2026 to shareholders of record as of February 27, 2026. The fund will pay cash distributions or reinvest them for investors enrolled in its distribution reinvestment plan. The filing also reported the fund’s net asset value (NAV) as of January 31, 2026 and updated the status of its ongoing public offering.

Key Details

• Distribution amounts per share (total = regular net + supplemental):
  • Class I: Regular net $0.2000; Supplemental $0.0300; Total $0.2300
  • Class S: Gross $0.2000 less $0.0189 fee = Regular net $0.1811; Supplemental $0.0300; Total $0.2111
  • Class D: Gross $0.2000 less $0.0056 fee = Regular net $0.1944; Supplemental $0.0300; Total $0.2244
• NAV and balance-sheet snapshot (as of Jan. 31, 2026):
  • NAV per share: $26.69
  • Aggregate NAV: $1,599.0 million
  • Fair value of investment portfolio: $2,987.3 million
  • Principal debt outstanding: $1,413.6 million (debt-to-equity ≈ 0.884x)
• Offering status:
  • Continuous public offering authorized up to $2.5 billion
  • Shares issued through Feb. 2, 2026 (not including reinvested distributions): Class I — 48,745,432 shares ($1,342.9M); Class S — 4,599,982 shares ($126.0M); Class D — 6,587,891 shares ($177.7M)
  • Company intends to continue monthly share sales in the offering

Why It Matters

• Income investors should note the declared per-share distributions and their payment/reinvestment options for March 30, 2026.
• The NAV, portfolio fair value, and debt figures provide a recent view of the fund’s size and leverage (debt-to-equity ~0.884x), which are relevant for assessing risk and yield characteristics.
• The ongoing $2.5 billion offering and continued monthly sales indicate the fund is raising additional capital; investors should factor supply of new shares and reinvestment activity into decisions about buying or selling shares.