TPG Twin Brook Capital Income Fund 8-K

What Happened
TPG Twin Brook Capital Income Fund filed an 8-K on February 26, 2026, announcing February 2026 distributions for all share classes and reporting its net asset value and offering status as of January 31, 2026. The company declared gross distributions of $0.20 per share (payable in cash or via the distribution reinvestment plan) to shareholders of record at the open of business on February 27, 2026, with payments on or about March 27, 2026. The filing also reported a NAV per share of $25.2056 for each class as of January 31, 2026, and provided portfolio, debt and offering figures.

Key Details

• Distributions declared (per share):
  • Class I: Gross $0.2000; Servicing fee $0.0000; Net $0.2000
  • Class S: Gross $0.2000; Servicing fee $0.0164; Net $0.1836
  • Class D: Gross $0.2000; Servicing fee $0.0048; Net $0.1952
  • Record date: Feb 27, 2026. Payment date: on/about Mar 27, 2026. Cash or reinvestment available.
• NAV and balance sheet (as of Jan 31, 2026): NAV per share $25.2056 (all classes); aggregate NAV $2.4 billion; investment portfolio fair value $4.3 billion; principal debt outstanding $2.0 billion; debt-to-equity ≈ 0.82x.
• Offering status (continuous offering up to $5.0 billion): Shares issued through Feb 2, 2026 — Class I: 88,297,785 ($2,238.8M); Class S: 11,070,769 ($280.6M); Class D: 143,079 ($3.6M); Total: 99,511,633 shares / $2,523.0M (does not include DRIP sales). Company intends to continue monthly sales.

Why It Matters

• The declared distributions are the immediate cash (or reinvestment) return investors will receive for February 2026 and show the declared payout level across share classes.
• The NAV, portfolio value and debt figures give investors a snapshot of the fund’s size, asset base and leverage (debt-to-equity ~0.82x), which are key for assessing risk and capital structure.
• The offering update shows the fund has raised about $2.52 billion of its $5.0 billion continuous offering (through Feb 2, 2026), indicating ongoing capital inflows and potential dilution for future issuances.

Filed and signed by Terrence Walters, Chief Financial Officer and Treasurer, dated February 26, 2026.