Ares Core Infrastructure Fund 8-K

What Happened

• Ares Core Infrastructure Fund filed an 8‑K on Feb 19, 2026 reporting an unregistered issuance of common shares totaling 16,131,764 shares for aggregate proceeds of $403.7 million. The number of shares was finalized Feb 19, 2026 and the purchase price equaled the Fund’s NAV per share as of Jan 31, 2026.
• The Fund disclosed its NAV per common share as $25.0263 as of Jan 31, 2026, an aggregate NAV of approximately $2,383.7 million, and portfolio investments with fair value of approximately $3,152.4 million. The filing also reiterated monthly distributions declared for February and March 2026.

Key Details

• Unregistered sale (exempt under Section 4(a)(2)/Rule 506(b) of Regulation D and/or Regulation S): Class I — 14,804,765 shares for $370.5M; Class S — 1,326,999 shares for $33.2M (total 16,131,764 shares / $403.7M).
• NAV and portfolio values (as of Jan 31, 2026): NAV per share $25.0263; aggregate NAV ≈ $2,383.7M; portfolio fair value ≈ $3,152.4M; seven equity investments with total fair value ≈ $2,527.6M.
• Distributions: February 2026 gross distribution $0.20830 per share (payable ~Mar 25, 2026; record date Feb 27, 2026). March 2026 gross distribution $0.20830 per share (record date Mar 31, 2026; payable ~Apr 23, 2026). Class D and Class S bear modest servicing/distribution fees; Class I has none.
• Ongoing Offering totals (through filing date): 111,081,369 shares issued for $2,773.1M (Class I: 106,399,142 shares / $2,656.0M; Class S: 4,656,113 shares / $116.4M; Class D: 26,114 shares / $0.7M).

Why It Matters

• The Fund raised additional capital ($403.7M in this issuance and $2.7731B total since the offering began), which can support existing investments or new acquisitions; the issuance was done at the Jan 31 NAV of $25.0263 per share.
• Monthly distributions remain steady at $0.20830 per share for the named classes, a key income detail for yield-focused shareholders; distribution elections include cash or reinvestment under the Fund’s reinvestment plan.
• The portfolio remains concentrated in renewable energy and a natural gas pipeline interest (detailed capacity and regional breakdowns in the filing), and the filing provides current portfolio composition by asset type and fair value—useful for assessing sector exposure and fund fundamentals.