Oaktree Strategic Credit Fund 8-K

What Happened

• Oaktree Strategic Credit Fund announced a regular distribution of $0.1600 per share for all share classes, payable to shareholders of record as of March 27, 2026 and expected to be paid on or about April 28, 2026 (cash or reinvested under the fund’s reinvestment plan). The filing also reported the fund’s net asset value (NAV) per share as of February 28, 2026: $22.64 for Class I, D, S and T shares, determined on March 25, 2026 under the fund’s valuation policy.

Key Details

• Distribution per share: Gross $0.1600; net by class — Class I $0.1600, Class D $0.1553 (after $0.0047 fee), Class S and T $0.1440 (after $0.0160 fee).
• Record/pay dates: Record date March 27, 2026; payable on or about April 28, 2026; reinvestment option available.
• NAV and portfolio (as of Feb 28, 2026): NAV per share $22.64; aggregate NAV ≈ $4.7 billion; investment portfolio fair value ≈ $7.3 billion; outstanding debt ≈ $2.9 billion; net debt-to-equity leverage ≈ 0.57x.
• Offering status: Continuous public offering up to $5.0 billion. Sales to date — Private Offering: 21,056,002 Class I shares for $504.6M. Offering totals to date: Class I 141,545,282 ($3,310.6M); Class D 402,799 ($9.3M); Class S 59,716,738 ($1,401.4M); Class T 176,682 ($4.1M).

Why It Matters

• The declared distribution provides near-term income for shareholders and the reinvestment option allows for share accumulation.
• The NAV decline from $22.87 (Jan 31) to $22.64 (Feb 28) shows a modest monthly decrease in per‑share value; investors should watch NAV trends alongside portfolio value and leverage.
• The fund’s sizable portfolio value, outstanding debt and 0.57x net debt-to-equity leverage give context on risk and capital structure, while the ongoing $5.0B offering indicates continued share issuance and capital raising activity.