Blue Owl Credit Income Corp. 8-K

What Happened

• Blue Owl Credit Income Corp. filed an 8‑K (July 24, 2026) reporting an unregistered Private Offering sale and a board‑declared monthly distribution. As of July 1, 2026 (shares finalized July 23, 2026) the Company sold 236,512 unregistered Class I shares for $2,147,527 to feeder vehicles under Securities Act exemptions (Section 4(a)(2) and/or Regulation S).
• The board declared a monthly distribution on May 5, 2026 payable on or before August 31, 2026 to holders of record as of July 31, 2026. Gross distribution per share for all classes is $0.070100; net distributions after servicing fees are: Class S $0.063567, Class D $0.068176, Class I $0.070100. The Company reported aggregate NAV of $18.4 billion as of June 30, 2026 and published NAV per share: Class S $9.05, Class D $9.06, Class I $9.08.

Key Details

• Unregistered sale: 236,512 Class I shares for $2,147,527 (Private Offering; finalized July 23, 2026).
• Distribution: declared May 5, 2026; record date July 31, 2026; payable on or before Aug 31, 2026; gross $0.070100/share (Class I net $0.070100).
• Offering and capital raised (as reported): Class S issued 734,040,567 shares ($6.94B); Class D 106,408,747 shares ($0.99B); Class I 1,365,448,029 shares ($12.83B); Private Offering Class I 171,956,507 shares ($1.62B). Combined consideration across Offering and Private Offering ~ $22.39 billion.
• Portfolio and liquidity: investments in 345 companies with fair value $35.7B; available liquidity $12.0B; net leverage 0.89x (debt-to-equity); committed debt capacity $24.935B with $17.090B outstanding.
• Performance: Class I total net return as of June 30, 2026 — 1‑month 30.0%, YTD 1.8%, 1‑year 5.6%, inception‑to‑date 9.1%; reported annualized distribution rate for Class I = 9.3%.

Why It Matters

• The unregistered sale (236,512 shares, $2.15M) is small compared with the Company’s outstanding Class I share counts and the $1.62B of Class I shares previously sold in the Private Offering, so it is unlikely to materially affect share supply or NAV by itself.
• The declared distribution and disclosed annualized distribution rate (Class I ~9.3%) are key to income‑oriented investors evaluating yield expectations and cash flow timing (record date July 31, payable by Aug 31).
• The offering totals, NAV, liquidity ($12.0B) and leverage (0.89x) provide current context on the Company’s capital base and financial flexibility—important for assessing risk, potential future distributions, and capacity for new investments.
• Performance and index‑comparison data give a snapshot of recent returns and how management positions the fund versus public credit benchmarks; past performance is not a guarantee of future results, as the filing warns.