Blue Owl Credit Income Corp. 8-K

What Happened

• Blue Owl Credit Income Corp. filed an 8‑K on May 26, 2026. Its board declared monthly distributions payable on or before June 30, July 31 and August 31, 2026 to shareholders of record on May 29, June 30 and July 31, 2026. Net distributions per share (based on April 30, 2026 NAV) are: Class S $0.063516, Class D $0.068161, Class I $0.070100.
• The company reported an unregistered sale of Class I shares to feeder vehicles: 117,762 shares for $1,077,521 (sale as of May 1, 2026; number finalized May 22, 2026). It also disclosed cumulative offering and private‑offering totals: combined Offering and Private Offering of 2,369,680,733 shares for $22,310,738,079, including 171,192,890 Class I shares sold in the Private Offering for $1,616,836,805.
• Additional updates: May 1, 2026 public offering prices (approx. NAV + max load) — Class S: NAV $9.12 / max $9.44; Class D: NAV $9.13 / max $9.27; Class I: NAV $9.15 / $9.15. As of April 30, 2026, available liquidity was approximately $11.2 billion and net leverage was 0.87x debt‑to‑equity.

Key Details

• Distribution per share (net): Class S $0.063516; Class D $0.068161; Class I $0.070100 (payable June–Aug 2026; record dates May–July 2026).
• Unregistered sale (Item 3.02): 117,762 Class I shares for $1,077,521 (to feeder vehicles; exempt under Section 4(a)(2)/Reg S).
• Offering totals: Offering + Private Offering — 2,369,680,733 shares; $22,310,738,079 total consideration. Private Offering Class I: 171,192,890 shares; $1,616,836,805.
• Balance sheet / portfolio snapshot (as of Apr 30, 2026): portfolio par value ~$34.0B across 338 companies; committed debt capacity ~$24.45B and outstanding principal ~$17.24B; available liquidity ~$11.2B; net leverage 0.87x; top industry exposures by par: healthcare providers 14.8%, internet software 13.8%, insurance 8.0%.

Why It Matters

• Regular monthly distribution confirms the company’s ongoing cash payout policy and the declared amounts by share class.
• The disclosed private sale and large cumulative offering figures show continued capital raising and share issuance activity, which affects total shares outstanding and the capital base supporting investments and distributions.
• Liquidity (~$11.2B) and moderate net leverage (0.87x) give investors a snapshot of the company’s funding capacity and risk posture as of April 30, 2026. The portfolio composition and high percentage of floating‑rate debt (98.2% by par) are relevant to interest‑rate sensitivity and income generation.