Oaktree Strategic Credit Fund 8-K

What Happened

• Oaktree Strategic Credit Fund filed an 8-K on April 24, 2026 announcing a regular distribution declared April 23, 2026 and providing a March 31, 2026 NAV and portfolio update. The Board declared a gross distribution of $0.1600 per share for all classes, payable on or about May 27, 2026 to holders of record as of April 28, 2026. Distributions will be paid in cash or reinvested under the Fund’s distribution reinvestment plan.

Key Details

• Distribution per share (gross / servicing fee / net):
  • Class I: $0.1600 / $0.0000 / $0.1600
  • Class D: $0.1600 / $0.0047 / $0.1553
  • Class S: $0.1600 / $0.0158 / $0.1442
  • Class T: $0.1600 / $0.0158 / $0.1442
• NAV and portfolio (as of March 31, 2026; determined April 23, 2026):
  • NAV per share (all classes): $22.38 (down from $22.64 on Feb 28, 2026)
  • Aggregate NAV: ≈ $4.4 billion
  • Fair value of investment portfolio: ≈ $7.0 billion
  • Outstanding debt (principal): ≈ $2.6 billion
  • Net debt-to-equity leverage ratio: ≈ 0.57x
• Offering and share sales:
  • Ongoing continuous public Offering up to $5.0 billion.
  • Private Offering (Class I): 21,056,002 shares for $504.6 million.
  • Public Offering totals to date: Class I 142,200,853 shares ($3,325.3M); Class D 402,799 shares ($9.3M); Class S 59,903,414 shares ($1,405.6M); Class T 202,975 shares ($4.7M).
  • The Fund intends to continue selling shares in the Offering and Private Offering on a monthly basis.
• The Fund will post monthly NAVs on its website (osc.brookfieldoaktree.com) within 20 business days after month end; website info is not part of the 8-K.

Why It Matters

• Income: The declared distribution provides near-term cash (or reinvestment) income to shareholders and specifies the fee impact by share class.
• Performance snapshot: A modest NAV decline from February to March ($22.64 → $22.38) gives investors a recent measure of per-share value and portfolio scale.
• Capital structure and dilution: The Fund’s sizeable asset base (~$7.0B portfolio) and $2.6B debt position yield a net leverage of ~0.57x; ongoing public and private share sales increase outstanding shares and are relevant to future NAV per share and ownership dilution.
• Use this filing to confirm record/payment dates, the exact distribution amounts by share class, and the Fund’s most recent NAV and offering activity.