TPG Twin Brook Capital Income Fund 8-K

What Happened

• TPG Twin Brook Capital Income Fund (8‑K filed April 29, 2026; signed April 28, 2026) announced cash distributions for April 2026 for each class of common shares and reported its net asset value (NAV) and offering status as of March 31, 2026.
• The fund declared a gross distribution of $0.2000 per share for all classes. Net distributions after shareholder servicing fees are: Class I $0.2000, Class S $0.1824 (fee $0.0176), and Class D $0.1948 (fee $0.0052). Record date is April 30, 2026; payment on or about May 27, 2026. Distributions may be paid in cash or reinvested under the fund’s reinvestment plan.

Key Details

• NAV per share (as of March 31, 2026): Class I/S/D = $25.2181.
• Aggregate NAV: $2.5 billion; investment portfolio fair value: $4.5 billion; principal debt outstanding: $2.0 billion; debt-to-equity ≈ 0.79x.
• Ongoing public offering (up to $5.0 billion): 102,376,172 shares issued through the April 1, 2026 subscription date, total consideration ≈ $2,595.2 million (Class I: 90,716,250 shares / $2,299.7M; Class S: 11,512,674 / $291.8M; Class D: 147,248 / $3.7M).

Why It Matters

• The declared distribution is a concrete near-term cash (or reinvestment) payment for shareholders and specifies small servicing fees for certain share classes.
• The NAV, portfolio fair value, debt level and debt-to-equity ratio provide a snapshot of the fund’s size and leverage as of March 31, 2026, useful for assessing capital structure and risk.
• The ongoing offering figures show how much capital the fund has raised to date and that the fund intends to continue raising capital monthly under the $5.0 billion program.