Fidelity Private Credit Fund Declares Sept 2026 Distributions; Reports NAV

What Happened

• Fidelity Private Credit Fund announced on September 30, 2026 that it declared a regular September distribution of $0.1750 per share for each share class (gross), plus a variable supplemental distribution of $0.0160 per share. Record date is the open of business on September 30, 2026; payments will be made on or about October 30, 2026 and may be paid in cash or reinvested under the Fund’s dividend reinvestment plan.
• The Fund also reported net asset values as of August 31, 2026 and provided a performance and portfolio update in an August 2026 fact sheet furnished as Exhibit 99.1.

Key Details

• Distribution amounts (gross / shareholder servicing fee / net): Class I $0.1750 / — / $0.1750; Class S $0.1750 / $0.0174 / $0.1576; Class D $0.1750 / $0.0051 / $0.1699. Supplemental distribution: $0.0160 per share for all classes.
• NAV per share (Aug. 31, 2026): Class I $24.62; Class S $24.60; Class D $24.62. Aggregate NAV: $1.4 billion; portfolio fair value: $2.6 billion; principal debt outstanding: $1.2 billion; debt-to-equity ≈ 0.88x.
• Portfolio quality and performance: weighted-average mark of 98.4 and zero non-accruals (directly originated loans) as of Aug. 31, 2026. Year‑to‑date total net return (Class I) 4.29%, outperforming the leveraged loan index by 122 bps and high yield by 169 bps.
• August activity: net investment income of $0.19 per share covered the distribution ($0.19); NAV declined $0.07 per share (realized losses $0.02, mainly one restructuring; unrealized depreciation $0.05 from swaps and loans). Fund uses an independent third‑party monthly valuation process.

Why It Matters

• Income investors: the declared regular and supplemental distributions (totaling $0.1910 per share if paid together) define near‑term cash flow or reinvestment for shareholders.
• Portfolio health and risk: reported NAVs, a high weighted‑average mark (98.4), and zero non‑accruals point to generally strong credit performance as of Aug. 31, 2026, but monthly unrealized marks and a small realized loss show valuations can move with market and borrower events.
• Leverage and liquidity: a debt‑to‑equity ratio of ~0.88x and $1.2 billion principal debt outstanding are material metrics investors should watch for interest‑rate and liquidity risk.
• Fund growth: the Fund continues a continuous public offering (up to $4.0 billion); as of Sept. 1, 2026 it had issued ~56.9 million shares for ~$1.45 billion in total consideration.