Fidelity Private Credit Fund 8-K

What Happened

• Fidelity Private Credit Fund (the “Fund”) filed an 8-K on May 28, 2026 announcing cash distributions and a variable supplemental distribution for May 2026, and issuing an April 2026 fact sheet. The Fund declared per-share gross distributions of $0.1750 for each class and an additional variable supplemental distribution of $0.0160 per share. Record date for these distributions is the open of business on May 29, 2026, with payment on or about June 30, 2026. Shareholders may receive cash or participate in the Fund’s distribution reinvestment plan.

Key Details

• Declared distributions (gross / servicing fee / net):
  • Class I: $0.1750 gross, $— servicing fee, $0.1750 net
  • Class S: $0.1750 gross, $0.0176 servicing fee, $0.1574 net
  • Class D: $0.1750 gross, $0.0052 servicing fee, $0.1698 net
• Variable supplemental distribution: $0.0160 per share (same record/payable dates as above).
• NAV and portfolio/leverage (as of April 30, 2026):
  • NAV per share: Class I $24.91; Class S $24.89; Class D $24.91
  • Aggregate NAV: ~$1.4 billion; fair value of portfolio: ~$2.5 billion; principal debt outstanding: ~$1.2 billion
  • Debt-to-equity ratio: ~0.89x
• Offering status (continuous public offering up to $4.0 billion; totals through May 1, 2026):
  • Total shares issued (offering + private): 54,932,554; total consideration: ~$1,400.0 million
  • Class I offering: 54,516,706 shares / $1,389.4 million

Why It Matters

• For income-focused investors, the declared distributions (including the supplemental payment) indicate the Fund’s current cash return policy and the amounts payable in late June 2026. The servicing fees reduce the cash received by holders of certain share classes (notably Class S).
• The April 30 NAV, portfolio fair value, and debt figures give a snapshot of the Fund’s size and leverage; a debt-to-equity ratio of about 0.89x signals material use of leverage to enhance returns. The ongoing offering information shows the Fund is actively raising capital (up to $4.0 billion) and had raised about $1.4 billion through May 1, 2026.
• The filing also includes an April 2026 fact sheet (Exhibit 99.1) for additional portfolio and performance details. This 8-K is informational and not an offer or solicitation.