ARES STRATEGIC INCOME FUND 8-K

What Happened
Ares Strategic Income Fund filed an 8-K on April 21, 2026 reporting its net asset value (NAV) as of March 31, 2026, the sale of unregistered Class I common shares in April 2026, and its regular monthly distributions for April through June 2026. NAV per share for Class I, S and D was $26.85. The Fund reported aggregate NAV of approximately $10.5 billion, portfolio fair value of about $21.3 billion, and debt outstanding of approximately $11.1 billion as of March 31, 2026.

Key Details

• Unregistered share sale: During April 2026 the Fund sold 1,932,344 Class I shares for total consideration of $51.9 million; the number of shares was finalized April 21, 2026 and price equaled the Class I NAV as of March 31, 2026.
• NAV and balance sheet: NAV per share $26.85 (all classes); aggregate NAV ≈ $10.5B; portfolio fair value ≈ $21.3B; debt ≈ $11.1B; debt-to-equity ratio 1.08x (1.05x net of ~$362M cash). About $4.1B available for additional borrowings (subject to restrictions).
• Distributions: April 2026 gross distribution $0.21430 per share (payable on or about May 21, 2026; record date April 30, 2026). Net per-share amounts: Class I $0.21430, Class S $0.19554, Class D $0.20878. May and June 2026 gross distributions are each $0.21430 with listed record/payment dates (May record 5/29/26 pay 6/24/26; June record 6/30/26 pay 7/23/26).
• Portfolio mix and exposure: 838 portfolio companies; 92% of debt investments (by fair value) are floating rate. Portfolio by fair value: first‑lien senior secured loans 78.0%, CLOs 4.1%, senior subordinated loans 6.2%, and various equity, bonds and asset-backed positions. Top industry exposures include Software & Services (20.6%) and Health Care Equipment & Services (10.8%).
• Capital raising: The Fund continues a registered continuous offering of up to $15.0B of common shares and has sold shares via private placements. Total Common Shares issued to date: 433,276,837 for $11,829.9M (registered and private placements combined, per filing).

Why It Matters
This filing provides up‑to‑date NAV and portfolio metrics, confirms ongoing capital raising activity (both registered offering and private placements), and details monthly payout amounts and dates. Key metrics—NAV stability, high floating‑rate exposure (92% of debt by fair value), leverage (~1.08x gross, 1.05x net) and available borrowing capacity—are useful for shareholders assessing income reliability, interest‑rate sensitivity, and the Fund’s ability to finance future investments or share issuance. The announced distributions and the recent Class I sale reflect the Fund’s ongoing operations to fund investments and return cash to investors.