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

What Happened

• Sculptor Diversified Real Estate Income Trust filed an 8-K (signed June 4, 2026) reporting unregistered issuances of common shares and declaring May 2026 distributions.
• On June 1, 2026 the Company issued shares based on NAV as of April 30, 2026: 17,392 Class E shares ($204,925) and 366,264 Class AA shares ($4,152,000), for total issuance of 383,656 shares and gross proceeds of $4,356,925. The Class E shares were issued to Sculptor Advisors LLC as payment for accrued management fees; Class AA proceeds include $42,000 in sales load fees.
• Pursuant to its distribution reinvestment plans, on May 12, 2026 the Company issued 147,709 shares for $1,682,472 based on NAV as of March 31, 2026 (including 114 Class E restricted shares valued at $1,342 for independent directors).
• On May 29, 2026 the Company declared gross distributions of $0.0670 per share for each class; classes subject to distribution fees (Class FF and Class AA) will receive net distributions of $0.0622 per share. Record date was May 31, 2026 and payment is on or about June 12, 2026. The filed report was signed by CFO Anthony Boni.

Key Details

• Total unregistered issuance on June 1, 2026: 383,656 shares for $4,356,925.
• DRIP issuances on May 12, 2026: 147,709 shares for $1,682,472 (includes 114 restricted Class E shares at $1,342).
• May distribution declared: $0.0670 gross per share; net $0.0622 for Class FF and Class AA after $0.0048 distribution fee; payable ~June 12, 2026 to holders of record May 31, 2026.
• All share issuances were exempt from registration under Section 4(a)(2), Regulation D and/or Regulation S.

Why It Matters

• The stock issuances increase the Company’s outstanding shares (dilution effect) and include an in-kind payment of management fees to Sculptor Advisors LLC, which preserved cash for the Company.
• Regular declared distributions (monthly in this case) are a primary return component for investors in this type of REIT; the filing confirms the May payout amount, record date, and payment timing.
• Investors should note the amounts, the fact that reinvested distributions were issued as shares, and that issuances were made under registration exemptions; review NAV and offering materials for the impact on per-share value and personal holding decisions.