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

What Happened

• T. Rowe Price OHA Select Private Credit Fund announced regular distributions of $0.20 per share for each class (Class I, S, and D) payable on or about July 31, 2026 to shareholders of record as of June 30, 2026. Shareholders may receive the distributions in cash or have them reinvested under the fund’s distribution reinvestment plan.
• The fund reported a net asset value (NAV) of $26.00 per share as of May 31, 2026. As of that date the fund’s aggregate NAV was $1,632.8 million, the investment portfolio fair value was $3,039.0 million, and principal debt outstanding was $1,498.6 million (debt-to-equity ratio ≈ 0.92x).
• The fund is conducting a continuous public offering of up to $2.5 billion in shares and reported shares issued through June 1, 2026 (Class I: 49,280,153 / $1,347.1M; Class S: 4,649,565 / $127.3M; Class D: 7,474,011 / $200.9M). A repurchase offer that expired June 2, 2026 preliminarily had about 3% of outstanding shares validly tendered; final purchase prices will be based on NAV as of June 30, 2026.

Key Details

• Distribution per share (all classes): $0.2000; payable ~July 31, 2026; record date June 30, 2026; reinvestment plan available.
• Class-specific fees affecting net distribution: Class S servicing/distribution fee $0.0184 (net $0.1816); Class D fee $0.0054 (net $0.1946); Class I had no listed fee (net $0.2000).
• NAV and balance-sheet snapshot (May 31, 2026): NAV $26.00/share; aggregate NAV $1,632.8M; portfolio fair value $3,039.0M; debt outstanding $1,498.6M; debt-to-equity ≈ 0.92x.
• Offering & issuance through June 1, 2026: continuing monthly sales toward a $2.5B cap; reported issued shares and proceeds shown above. Repurchase offer preliminarily saw ~3% tendered; final results pending.

Why It Matters

• Distributions: Income-focused investors will receive $0.20 per share in July or can reinvest to buy more shares; class fees slightly reduce the cash received by Class S and D holders.
• NAV and leverage: The $26.00 NAV and a near-1.0 debt-to-equity ratio give investors a snapshot of the fund’s valuation and leverage level as of May 31, 2026.
• Ongoing issuance and repurchases: The fund continues to raise capital through its offering (which may affect share supply) while completing a limited repurchase program; the repurchase purchase price will be NAV-based and final results are pending, which matters to shareholders who tendered shares.