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$PGIM·8-K

PGIM Private Credit Fund · Jun 30, 2:54 PM ET

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PGIM Private Credit Fund 8-K

Research Summary

AI-generated summary

Updated

PGIM Private Credit Fund Declares June 2026 Distributions and Reports NAV

What Happened

  • PGIM Private Credit Fund (the Fund) announced regular distributions on June 26, 2026 for its share classes and reported its net asset value (NAV) and offering status as of May 31, 2026. Distributions are payable in cash or via the Fund’s distribution reinvestment plan (DRIP).
  • Distributions: Class S $0.19506, Class D $0.20732, Class I $0.21243 per share; record date June 30, 2026; payable on or about July 27, 2026.
  • NAVs (as of May 31, 2026): Class S $25.31, Class D $25.23, Class I $24.74. Aggregate NAV was $277.5 million; investment portfolio fair value $413.5 million; debt outstanding (principal) $143.9 million.

Key Details

  • Distribution amounts per share: Class S $0.19506; Class D $0.20732; Class I $0.21243. Record date 6/30/2026; pay date ~7/27/2026; cash or DRIP.
  • Fund size and leverage snapshot (5/31/2026): Aggregate NAV $277.5M; portfolio fair value $413.5M; debt (principal) $143.9M.
  • Ongoing capital raise: the Fund is publicly offering up to $2.5 billion in Shares on a continuous basis and also sold shares via a private offering. Total shares issued (offering + private) reported: 10,161,222 shares for $255,055,660 (table excludes DRIP sales).
  • Recent share sales by class (offering): Class S 101,669 for $2,584,584; Class I 5,772,629 for $143,343,005. Private offering included 4,285,940 Class I for $109,102,500.

Why It Matters

  • The distribution announcement provides income timing and amounts for shareholders and confirms the Fund will offer cash or reinvestment via DRIP.
  • The NAV, portfolio value and debt figures give investors a current view of the Fund’s size and leverage as of May 31, 2026—useful for assessing per‑share value and risk exposure.
  • The Fund’s ongoing $2.5B offering and $255M in shares sold to date show it is actively raising capital; investors should note issuance activity can affect NAV per share and dilution over time.
  • Record and pay dates are important for investors deciding whether to buy shares to receive the upcoming distribution.

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