Oaktree Strategic Credit Fund 8-K

What Happened

• Oaktree Strategic Credit Fund announced a regular distribution of $0.1600 gross per share declared June 23, 2026, payable to shareholders of record as of June 26, 2026 and payable on or about July 29, 2026. Distributions will be paid in cash or, for participants, reinvested through the Fund’s distribution reinvestment plan.
• The Fund reported net asset value (NAV) per share as of May 31, 2026 of $22.41 for all share classes (Class I, D, S, T), determined on June 23, 2026. Aggregate NAV was approximately $4.5 billion and the fair value of the investment portfolio was about $6.9 billion as of May 31, 2026.

Key Details

• Distribution by class (gross / servicing fee / net):
  • Class I: $0.1600 / $0.0000 / $0.1600
  • Class D: $0.1600 / $0.0047 / $0.1553
  • Class S: $0.1600 / $0.0159 / $0.1441
  • Class T: $0.1600 / $0.0159 / $0.1441
• May 31, 2026 balance sheet snapshot: NAV ≈ $4.5B; portfolio fair value ≈ $6.9B; outstanding debt ≈ $2.8B; net debt-to-equity leverage ≈ 0.60x.
• NAV per share rose from $22.39 (April 30, 2026) to $22.41 (May 31, 2026).
• Offering status: the Fund is conducting a continuous public offering of up to $5.0B in shares and continues a private offering. Shares sold to date include:
  • Private Offering Class I: 21,056,002 shares for $504.6M
  • Offering totals: Class I 143,512,334 shares ($3,354.7M); Class D 402,799 shares ($9.3M); Class S 60,424,647 shares ($1,417.3M); Class T 232,463 shares ($5.3M).

Why It Matters

• The declared distribution provides expected near-term cash (or reinvestment) return for shareholders and shows the Fund maintaining regular payouts. The small servicing fees reduce net per-share receipts for certain share classes.
• The NAV and portfolio figures give investors a recent snapshot of scale, leverage (0.60x net debt-to-equity), and slight month-over-month NAV growth — useful for assessing valuation, income yield, and risk profile.
• Ongoing public and private share offerings indicate continued capital raising and potential dilution; investors should consider offering activity when evaluating share-based metrics. The Fund will post monthly NAVs on its website within 20 business days of month end.