Ares Core Infrastructure Fund 8-K

What Happened
Ares Core Infrastructure Fund filed an 8‑K (May 19, 2026) reporting that, in its May 2026 monthly close, it sold 28,759,159 common shares for total gross proceeds of $715.5 million. The number of shares was finalized on May 19, 2026 and the purchase price per share equaled the Fund’s net asset value (NAV) per share as of April 30, 2026 ($24.8805 for Class I, D and S). The share issuances were made in transactions exempt from registration under Section 4(a)(2) of the Securities Act, Rule 506(b) of Regulation D and/or Regulation S. The filing also reports the Fund’s NAV, portfolio fair value, portfolio composition, and a schedule of monthly distributions through September 2026.

Key Details

• May 2026 share issuance by class (finalized May 19, 2026): Class I 10,331,851 shares ($257.0M); Class D 1,205,764 ($30.0M); Class N 15,457,039 ($384.6M); Class S 1,764,505 ($43.9M). Total: 28,759,159 shares / $715.5M.
• NAV and portfolio values (as of April 30, 2026): NAV per share (Class I/D/S) $24.8805; aggregate NAV ≈ $3,445.8M; fair value of portfolio investments ≈ $5,618.4M.
• Portfolio mix (by fair value): Common equity 76.88%, Other equity 6.24%, First‑lien senior secured loans 14.49%, Senior subordinated loans 2.39%. Major holdings include large renewable power portfolios (solar, wind, battery storage), stakes in long‑term contracted natural gas pipelines, and leased aircraft engines.
• Distributions: May 2026 gross distribution $0.20830 per share for all classes (payable on/about June 24, 2026; record date May 29, 2026). Gross $0.20830 per share also declared for June–September 2026 (with stated record and payment dates). Net distributions differ by class due to servicing/distribution fees: Class D net $0.20302, Class N net $0.19773, Class S net $0.19034; Class I has no servicing fee.
• Offering status: The Fund continues a monthly continuous offering of Common Shares (exempt offerings). To date, 166,766,503 shares issued under the Offering for total consideration of $4,159.7M (no underwriting discounts).

Why It Matters
For investors, the filing shows the Fund continues to raise capital through exempt share issuances (another $715.5M in May), which increases the Fund’s outstanding shares and investor capital base. The declared monthly distributions and reinvestment option are maintained through September 2026 at a gross rate of $0.20830 per share. The portfolio remains heavily weighted to common equity in energy and infrastructure assets (notably renewable generation and long‑term contracted pipelines), and the reported NAV and portfolio fair value provide current size and valuation context for the Fund.