Oaktree Strategic Credit Fund 8-K

What Happened

• Oaktree Strategic Credit Fund filed an 8‑K on December 29, 2025 announcing a regular distribution and providing a November 30, 2025 NAV and portfolio update.
• The Board declared a December distribution of $0.1800 gross per share for all share classes; net amounts vary by class due to distribution/servicing fees. The distribution is payable on or about February 2, 2026 to holders of record as of December 29, 2025 and may be taken in cash or reinvested through the Fund’s reinvestment plan.
• The Fund reported NAV per share of $22.95 for Class I, D, S and T as of November 30, 2025 (determined December 24, 2025). Aggregate NAV was about $4.8 billion, portfolio fair value about $7.3 billion, and outstanding debt about $2.9 billion. NAV fell from $22.98 (Oct 31) to $22.95 (Nov 30).

Key Details

• Distribution by class (gross / shareholder servicing or distribution fee / net):
  • Class I: $0.1800 / $0.0000 / $0.1800
  • Class D: $0.1800 / $0.0048 / $0.1752
  • Class S: $0.1800 / $0.0163 / $0.1637
  • Class T: $0.1800 / $0.0163 / $0.1637
• Record date: December 29, 2025; Payable on/about: February 2, 2026.
• Portfolio and balance-sheet snapshot (as of Nov 30, 2025): aggregate NAV ≈ $4.8B; investment portfolio fair value ≈ $7.3B; principal amount of outstanding debt ≈ $2.9B; net debt‑to‑equity leverage ≈ 0.53x.
• Offering status: Fund is continuously offering up to $5.0B in Shares. Sales to date include (approx.): Private Offering — Class I: 20,036,696 shares ($481.3M); Public Offering — Class I: 137,834,152 shares ($3,225.8M), Class D: 402,424 shares ($9.3M), Class S: 58,326,817 shares ($1,369.7M), Class T: 140,689 shares ($3.2M).

Why It Matters

• The declared cash distribution is immediate income for shareholders (or increases share count for those who reinvest), and the record/payable dates are the actionable items for investors.
• The small NAV decline (from $22.98 to $22.95) and the leverage ratio (0.53x) give a quick view of recent portfolio performance and leverage — useful for assessing short‑term stability and risk.
• Ongoing offerings and private sales show the Fund is continuing to raise capital, which affects size and potential dilution over time; investors should monitor future NAV updates (the Fund posts month‑end NAVs on its website within 20 business days).