Sculptor Diversified Real Estate Income Trust, Inc. 8-K

What Happened

• Sculptor Diversified Real Estate Income Trust, Inc. filed an 8‑K on May 6, 2026 reporting two share issuance events and the declaration of April 2026 distributions.
• On May 1, 2026 the company issued 3,817,807 shares based on the March 31, 2026 NAV, generating gross proceeds of $44,793,568. On April 10, 2026 the company issued 56,376 shares under its distribution reinvestment plans for $637,555. The filings were signed by CFO Ellen Conti.
• The company also declared April 30, 2026 distributions of $0.0670 gross per share for all classes, payable on or about May 12, 2026 (cash or reinvested).

Key Details

• May 1 issuances (based on 3/31/2026 NAV): total 3,817,807 shares for $44,793,568.
  • Class E: 3,534,932 shares — $41,607,568 (includes 17,493 shares valued at $205,895 issued to Sculptor Advisors LLC for accrued management fees).
  • Class AA: 149,271 shares — $1,701,000 (includes $26,000 sales load fees).
  • Class A: 133,604 shares — $1,485,000.
• April 10 DRIP issuances (based on 2/28/2026 NAV): 56,376 shares for $637,555 (includes 113 restricted Class E shares at $1,337 for independent director compensation).
• Distribution declared April 30, 2026: Gross $0.0670 per share for all classes. Net distributions after fees:
  • Class FF: $0.0623 (fee $0.0047)
  • Class AA: $0.0624 (fee $0.0046)
  • All other classes: $0.0670 (no distribution fee)
• The share issuances were made in reliance on exemptions from registration under Section 4(a)(2), Regulation D and/or Regulation S of the Securities Act.

Why It Matters

• The May 1 issuance raised about $44.8M of gross proceeds, which may affect share count and NAV per share (dilution) and provides the company with additional capital. Retail investors should note the class breakdown and fee-related issuances to the advisor and class-specific load/fees.
• The declared distributions are modest ($0.0670 gross) and consistent across classes, with small distribution fees reducing net amounts for Class FF and Class AA; payments are scheduled for about May 12, 2026 and may be taken as cash or reinvested.
• These items are operational / capital-raising and distribution actions; the filing does not report earnings, management changes, or other material corporate events beyond the items noted.