Ares Core Infrastructure Fund: sells 31,066,687 common shares for $768,900,000

What happened

• The filing reported that in its monthly closing for October 2026, Ares Core Infrastructure Fund sold common shares of beneficial interest for an aggregate purchase price of $768,900,000. The number of Common Shares to be issued was finalized on Oct 21, 2026.
• The purchase price per Common Share of each class equaled the Fund’s net asset value per Common Share as of Sep 30, 2026. The issuance was reported as exempt from registration pursuant to Section 4(a)(2) of the Securities Act, by Rule 506(b) of Regulation D and/or Regulation S.

Key details

• Common shares sold in October 2026 by class: Class I 17,890,593 for $442,800,000; Class D 1,222,277 for $30,200,000; Class N 10,816,038 for $267,700,000; Class S 1,137,779 for $28,200,000. Total 31,066,687 shares for $768,900,000.
• NAV and portfolio values as of Sep 30, 2026: NAV per Common Share for each class $24.7489; aggregate NAV approximately $7,725,800,000; fair value of portfolio investments approximately $10,566,900,000.
• Distribution declarations: gross distribution per share $0.20830 for Oct 2026 (record date Oct 30, 2026; payable on or about Nov 20, 2026). The Fund also announced gross distributions per share $0.20830 for Nov 2026 (record date Nov 30, 2026; payable on or about Dec 24, 2026) and $0.20830 for Dec 2026 (record date Dec 31, 2026; payable on or about Jan 25, 2027). Shareholder servicing and/or distribution fees per share: Class I $—; Class D $0.00525; Class N $0.01051; Class S $0.01787.
• Status of the offering and totals to date: the Fund stated it is offering Common Shares on a continuous basis in exempt transactions. As of the filing, Common Shares issued in the Offering total 340,556,032 for $8,474,700,000 (Class I 232,538,344 for $5,790,300,000; Class D 8,856,349 for $220,000,000; Class N 81,419,899 for $2,022,700,000; Class S 17,741,440 for $441,700,000).

Why it may matter

• The filing reported Item 3.02 (Unregistered sales of equity securities) and Item 8.01 (Other events) covering the October 2026 share issuance, NAV as of Sep 30, 2026, monthly distribution declarations for Oct–Dec 2026, portfolio composition and the status of the continuous offering. The filing does not explain why the company issued the Common Shares.