AB Private Lending Fund 8-K

What Happened
AB Private Lending Fund filed an 8-K on April 20, 2026 announcing three primary items: it declared an April 2026 distribution for Class I shares, reported its net asset value (NAV) and portfolio figures as of March 31, 2026, and disclosed the sale of unregistered Class I shares to feeder vehicles as part of a private offering. The Fund declared a gross and net distribution of $0.20 per Class I share (record date April 30, 2026; payable on or about May 29, 2026). The NAV per Class I share was $25.00 as of March 31, 2026. The filing also reports an unregistered sale dated April 1, 2026 (finalized April 20, 2026) of 10,382 Class I shares for $256,011 under Section 4(a)(2) and/or Regulation S.

Key Details

• Declared distribution: $0.20 per Class I share (gross and net); record date April 30, 2026; payable on or about May 29, 2026; cash or reinvestment option available. Class S and D distributions stated as N/A.
• NAV and balance sheet snapshot (as of March 31, 2026): NAV per Class I share $25.00; aggregate NAV ≈ $166.9 million; fair value of investment portfolio ≈ $370.1 million; debt outstanding (principal) ≈ $215.3 million.
• Unregistered sale: 10,382 Class I shares sold as of April 1, 2026 (finalized April 20) for $256,011 under a private offering exemption. The filing also shows Private Offering totals of 6,722,567 Class I shares for $168,655,364 (aggregate to date).
• Ongoing offering: the Fund is publicly offering up to $1.0 billion in Shares and intends to continue selling Shares in both the public Offering and the Private Offering monthly.

Why It Matters
These items update investors on cash returns (the declared distribution), the Fund’s per-share valuation (NAV $25.00 for Class I), and capital-raising activity (ongoing $1.0B offering plus private Class I sales). The NAV, portfolio fair value and debt level give a snapshot of leverage and scale; the declared distribution and reinvestment option affect near-term income or share growth for investors. The disclosure of unregistered Class I share sales and aggregate private offering totals informs holders about how the Fund is sourcing capital and increasing shares outstanding.