ARES STRATEGIC INCOME FUND 8-K

What Happened
Ares Strategic Income Fund filed an 8‑K on May 19, 2026 reporting the May 2026 unregistered sale of 1,934,637 Class I common shares for $52.1 million (price = NAV per Class I share as of April 30, 2026). The filing also disclosed the Fund’s NAV and portfolio metrics as of April 30, 2026 and confirmed monthly distributions for May 2026 and declared gross distributions for June–September 2026.

Key Details

• Unregistered sale: 1,934,637 Class I shares sold during May 2026; total consideration $52.1 million (number finalized May 19, 2026). Sale relied on Section 4(a)(2) and/or Regulation S exemptions.
• NAV and balance sheet (as of April 30, 2026): NAV per share — Class I/S/D = $26.95; aggregate NAV ≈ $10.7 billion; portfolio fair value ≈ $21.3 billion; debt outstanding ≈ $10.9 billion; debt-to-equity = 1.05x (1.02x net of ~$293M cash). Available borrowing capacity under credit facilities ≈ $4.3 billion.
• Distributions: May 2026 gross distribution $0.21430/share (payable ≈ June 24, 2026; record date May 29, 2026). Net May distribution: Class I $0.21430, Class S $0.19484, Class D $0.20858. Gross distributions of $0.21430/share declared for June–Sept 2026 (specified record and payment dates).
• Performance & fees: Since inception through April 30, 2026 Class I annualized total return 10.22%; April 2026 1‑month Class I return 1.17%; Class I annualized distribution rate 9.54% (as of Apr 30, 2026). Expense ratios (annualized as of Mar 31, 2026): Class I 8.02% (gross/net), Class D 8.28%, Class S 8.87%.
• Portfolio mix (by fair value): 78.0% first‑lien senior secured loans; 92% of debt investments floating rate; 80% senior secured loans; 829 portfolio companies total.
• Fundraising status: Offering ongoing (up to $15.0 billion). Total Common Shares issued to date: 436,142,089 for $11,907.1 million (registered offering + private placements).

Why It Matters
This filing updates investors on recent share issuance, the Fund’s financial position and its ongoing income distributions. The unregistered Class I sale increases issued shares by 1.93M for $52.1M at NAV, while the April 30 balance sheet shows sizable leverage (debt ≈ $10.9B) offset by a large loan portfolio ($21.3B fair value) and available credit (~$4.3B). Regular monthly distributions and disclosed performance metrics (noting past performance is not a guarantee) are relevant for income‑focused investors assessing yield, fees and portfolio composition.