T. Rowe Price OHA Select Private Credit Fund Declares Sept 2026 Distributions

What Happened

• T. Rowe Price OHA Select Private Credit Fund filed an 8‑K on Sept. 29, 2026 announcing regular distributions of $0.2000 per share for each class for the September 2026 distribution period. Distributions are payable on or about Oct. 30, 2026 to holders of record as of Sept. 30, 2026 and may be taken in cash or reinvested under the fund’s distribution reinvestment plan.
• The filing also reported the fund’s valuation as of Aug. 31, 2026 (NAV per share $26.07) and provided an update on its continuous public offering.

Key Details

• Distribution amounts (per share): Gross = $0.2000 for Class I, Class S, and Class D.
  • Class I net distribution: $0.2000 (no shareholder servicing/distribution fee reported)
  • Class S net distribution: $0.1815 after $0.0185 servicing/distribution fee
  • Class D net distribution: $0.1946 after $0.0054 servicing/distribution fee
• Valuation and balance sheet snapshot (as of Aug. 31, 2026):
  • NAV per share: $26.07
  • Aggregate NAV: $1,619.6 million
  • Fair value of investment portfolio: $3,129.2 million
  • Principal debt outstanding: $1,602.7 million
  • Debt-to-equity ratio: ~0.99x
• Offering status (continuous offering up to $2.5 billion); shares issued through Sept. 1, 2026 (excluding reinvestment plan):
  • Class I: 49,189,912 shares — $1,344.8 million total consideration
  • Class S: 4,636,111 shares — $126.9 million
  • Class D: 6,479,960 shares — $175.1 million
  • The fund intends to continue monthly sales in the offering.

Why It Matters

• Income: The announced $0.20 per‑share distribution is the immediate cash (or reinvestment) benefit to shareholders; net amounts vary by share class because of differing servicing/distribution fees.
• Financial position: The reported NAV, portfolio fair value, and nearly 1.0x debt‑to‑equity ratio give investors a recent snapshot of the fund’s leverage and scale. High principal debt relative to equity is a key metric for credit-focused funds and affects risk/return profiles.
• Growth and liquidity: The ongoing $2.5 billion offering and the amounts already raised show continued capital inflows and the fund’s efforts to grow assets; reinvested distributions are not included in the offering totals reported.