Blue Owl Technology Income Corp. 8-K

What Happened
Blue Owl Technology Income Corp. filed an 8‑K dated February 26, 2026 announcing that its board declared monthly cash distributions on February 18, 2026 and reporting a private (unregistered) sale of Class I common stock. The private sale (exempt under Section 4(a)(2) and/or Regulation S) consisted of 2,224,496 Class I shares for $22,845,569 (as of Feb 2, 2026; share count finalized Feb 24, 2026). The filing also summarizes the Company’s ongoing public offering activity, net asset values, leverage and a portfolio update as of January 31, 2026.

The Company reported the February 2, 2026 public offering price equals each class’s NAV per share as of January 31, 2026 ($10.27 per share) plus any applicable upfront sales load. As of the filing date the Company disclosed Offering and Private Offering totals of 391,550,486 shares issued for $4,018,312,217 in total consideration, leverage and liquidity figures, and an industry breakdown of its $5.6 billion par debt portfolio.

Key Details

• Distributions declared Feb 18, 2026; payable on or before Mar 31, Apr 30 and May 31, 2026 to record holders on Feb 27, Mar 31 and Apr 30, 2026. Gross distribution per share (all classes): $0.074775. Net distributions: Class S $0.068078 (after $0.006697 servicing fee), Class D $0.072805 (after $0.001970 fee), Class I $0.074775 (no fee).
• Private (unregistered) sale: 2,224,496 Class I shares for $22,845,569 (finalized Feb 24, 2026); exempt under Section 4(a)(2) and/or Regulation S.
• Offering totals (as of filing): 391,550,486 shares issued across public and private offerings for $4,018,312,217 total consideration (includes prior seed and adviser‑affiliated proceeds).
• Financial position and portfolio (as of Jan 31, 2026): NAV per share $10.27; average month‑to‑date debt/equity leverage 0.84x and net leverage 0.97x; $0.5B Level 2 liquid assets and $0.3B cash; committed debt capacity $4,145M with $3,234M drawn. Portfolio: debt investments in 161 companies, $5.6B par value; 88.3% first‑lien; 98.1% floating‑rate. Top industry allocations by par: Application Software (16.0%), Systems Software (13.0%), Health Care Technology (12.0%).

Why It Matters

• Cash return: The declared monthly distributions specify the per‑share cash investors can expect in the near term and show how servicing fees reduce net payouts for some share classes.
• Capital and dilution: The private sale and the large total of shares issued (public + private) indicate continued capital raising, primarily through Class I shares and feeder vehicles; investors should note changes in shares outstanding when assessing per‑share metrics.
• Financial profile: Leverage near 1.0x, drawn debt of ~$3.23B against $4.145B committed capacity, and modest liquid assets ($0.8B combined Level 2 + cash) are key metrics for assessing liquidity and risk.
• Portfolio focus and interest rate exposure: Heavy concentration in first‑lien, floating‑rate debt and large allocations to software and health‑tech sectors affect income sensitivity and sector risk.
  Statements in the filing include forward‑looking cautions and management’s preliminary estimates, and KPMG has not audited the preliminary financial data disclosed.