Crescent Private Credit Income Corp·8-K

Mar 27, 4:05 PM ET

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Crescent Private Credit Income Corp 8-K

Research Summary

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Updated

Crescent Private Credit Income Corp Declares March 2026 Distributions

What Happened

  • Crescent Private Credit Income Corp filed an 8-K on March 27, 2026 announcing regular and special cash distributions for March 2026 for its Class I, Class S and Class D common shares. The distributions are payable to shareholders of record as of the open of business on March 31, 2026 and will be paid on or about April 30, 2026. Shareholders may receive cash or reinvest distributions under the Fund’s distribution reinvestment plan.
  • The filing also reported the Fund’s net asset value (NAV) per share as of February 28, 2026 and provided an update on its ongoing registered offering and prior private placements.

Key Details

  • Distribution amounts (per share): Gross $0.16500 + Special $0.07000 = Gross total $0.23500. Net distributions by class: Class I $0.23500 (no servicing fee), Class S $0.21617 (0.01883 servicing fee), Class D $0.22946 (0.00554 servicing fee).
  • Record and pay dates: Record date March 31, 2026; payment on or about April 30, 2026. Distributions may be paid in cash or reinvested.
  • NAV and balance sheet snapshot (as of Feb 28, 2026): NAV per share $26.58 (all classes); aggregate NAV ≈ $501.2 million; portfolio fair value ≈ $855.7 million; principal debt outstanding $494.6 million; debt-to-equity ≈ 0.99x.
  • Offering status and issued shares: The Fund is publicly offering up to $2.5 billion of common shares. Total Common Shares issued to date: 19,164,761 for total consideration of $508.7 million (registered and private placements). No underwriting discounts; selling agents may charge transaction fees up to 3.5% NAV for Class S and 1.5% NAV for Class D; no such fees on Class I.

Why It Matters

  • Cash flow for investors: The declared net per‑share distributions tell income-oriented shareholders how much cash or reinvested shares they will receive in late April 2026; servicing fees reduce net proceeds for Class S and D shareholders.
  • NAV and leverage context: NAV per share and the Fund’s nearly 1.0x debt-to-equity ratio give investors a snapshot of per-share value and leverage as of Feb 28, 2026, which are relevant to assessing risk and yield.
  • Capital raising: The ongoing registered offering (up to $2.5B) and prior private placements show the Fund is continuing to raise capital; newly issued shares and reinvestment activity can affect share count and investor exposure.

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