Oaktree Strategic Credit Fund 8-K

What Happened

• Oaktree Strategic Credit Fund filed a Form 8‑K on July 28, 2026 disclosing that on July 27, 2026 its Board declared a regular distribution of $0.1600 per share on all common share classes. The distribution is payable to shareholders of record as of July 29, 2026 and will be paid in cash (or reinvested under the Fund’s reinvestment plan) on or about August 27, 2026.
• The Fund also reported its net asset value (NAV) per share as of June 30, 2026 (determined July 27, 2026): NAV per share for Class I, D, S and T common shares is $22.32. Aggregate NAV was approximately $4.3 billion; the investment portfolio fair value was about $6.8 billion; outstanding debt principal was about $2.6 billion; net debt‑to‑equity leverage was ~0.58x. NAV declined from $22.41 (May 31) to $22.32 (June 30).

Key Details

• Distribution by class (gross / shareholder 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 figures (as of June 30, 2026): NAV per share $22.32; aggregate NAV ≈ $4.3B; portfolio fair value ≈ $6.8B; outstanding debt ≈ $2.6B; net debt/equity ≈ 0.58x.
• Offering status: the Fund is continuously offering up to $5.0 billion in shares. To date (per the filing), Private Offering sales: 21,056,002 Class I shares for $504.6M. Public Offering sales: Class I 143,631,885 shares ($3,357.3M); Class D 402,799 shares ($9.3M); Class S 60,582,353 shares ($1,420.8M); Class T 276,565 shares ($6.3M).
• The Fund will post month‑end NAV on its website (osc.brookfieldoaktree.com) within 20 business days of month end; website content is not incorporated into the 8‑K.

Why It Matters

• The declared $0.16/share distribution is the near‑term cash return investors will receive (or have reinvested) and varies slightly by share class after distribution fees.
• June NAV and portfolio metrics give investors a snapshot of fund size, asset values and leverage—useful for assessing fund stability and income sustainability; NAV fell modestly ($0.09) month‑over‑month.
• The ongoing $5.0B offering and recent share sales indicate continued capital raising, which can support growth but may also dilute existing holders if new shares are issued.
• Key facts are firm disclosures (record/payable dates, NAV, portfolio size, leverage) and should be used alongside other fund disclosures when evaluating investment decisions.