PIMCO Asset‑Based Lending Co LLC Issues Shares, Sets NAV, Declares Distributions

What Happened

• PIMCO Asset‑Based Lending Company LLC filed an 8‑K reporting that on July 1, 2026 it issued and sold multiple classes of unregistered LLC interests to third‑party investors (final class counts determined July 28, 2026). Sales were made for cash and were exempt from registration under Section 4(a)(2)/Regulation D and/or Regulation S.
• On July 28, 2026 the Company’s manager (Pacific Investment Management Company LLC) set Net Asset Value (NAV) per Share as of June 30, 2026 for each class, and on July 31, 2026 the Company declared distributions payable on or about August 20, 2026 (record date July 31, 2026). The filing also outlines the Company’s intent to offer quarterly share repurchases of up to 5.0% of aggregate NAV (subject to limits and discretion).

Key Details

• Share issuances (sold July 1, 2026; final counts determined July 28, 2026):
  • Anchor I: 971,675 shares for $10,009,068
  • Anchor I‑B: 1,193,995 shares for $12,303,176
  • Anchor II: 2,888,689 shares for $29,680,570
  • E Shares: 35,598 for $368,367
  • Standard A: 10,261 for $105,353
    (Some shares issued via the Company’s distribution reinvestment plan.)
• NAV per share as of June 30, 2026 (set July 28, 2026), selected classes: Anchor I & I‑B $10.30; Anchor II $10.27; Anchor III $10.32; E Shares $10.35; Standard A $10.27; Standard B $10.30.
• Distributions declared July 31, 2026 (per share): Anchor I $0.0722; Anchor I‑B $0.0648; Anchor II $0.0698; Anchor III $0.0767; E Shares $0.0769; Standard A $0.0654; Standard B $0.0582. Payable in cash or via DRIP on/about Aug 20, 2026 to holders of record July 31, 2026.
• Repurchase program: the Company may repurchase up to 5.0% of aggregate NAV (excluding V Shares) each quarter at NAV-based prices (repurchase prices listed match the NAVs above). For the quarter referenced: repurchase request deadline Aug 11, 2026 (4:00 p.m. ET), expected payment date Aug 18, 2026. Company may accept fewer or no requests.

Why It Matters

• Investors get concrete NAVs, declared cash (or reinvested) distributions and timelines — important for assessing recent yield and liquidity.
• The share issuances increased capital in multiple share classes (notably Anchor II) and were completed via private exemptions (Reg D/S), which can affect ownership mix and future supply of shares.
• The quarterly repurchase program provides a potential liquidity avenue for shareholders but is discretionary and may be limited; repurchase prices are NAV‑based and tied to quarter‑end valuations.