Blue Owl Digital Infrastructure Trust 8-K

What Happened

• Blue Owl Digital Infrastructure Trust filed an 8-K (May 19, 2026) disclosing: (1) an unregistered sale of 2,090,696 common shares on May 1, 2026 (final count determined May 15) for gross proceeds of about $21.7 million (sold at the April 30, 2026 NAV per share); (2) a distribution declared May 6, 2026 for shareholders of record April 30, 2026 and paid on or about May 18, 2026; and (3) the company's NAV per share and portfolio update as of April 30, 2026.
• The share sale was completed under exemptions to registration (Section 4(a)(2), Regulation D and/or Regulation S). Commissions of $133,890 were included in the gross proceeds for Class S and Class D shares.

Key Details

• Share sale breakdown (number of shares / gross proceeds): Class S 1,094,176 / $11,376,738; Class D 309,520 / $3,210,650; Class I 687,000 / $7,074,036. Total shares sold: 2,090,696; total proceeds ≈ $21.7M.
• Distributions declared (gross / servicing fee / net per share): All classes gross $0.0416667; Class S net $0.0345554 (fee $0.0071113); Class D net $0.0395751 (fee $0.0020916); Class I & E net $0.0416667 (no servicing fee). Paid in cash or reinvested.
• NAV and scale (as of April 30, 2026): NAV per share — Class S $10.2967, Class D $10.2969, Class I $10.2970, Class E $10.4233. Total reported NAV: $1,921,716 (in thousands) ≈ $1.922 billion; outstanding shares/units: 185,757,408.
• Portfolio and debt profile: 11 properties; total portfolio value $3,728,814 (in thousands) ≈ $3.729 billion; weighted average base lease term 7 years, fully extended 19.5 years; 91.9% of tenants investment grade; 100% of consolidated debt is fixed-rate; weighted average interest rate 5.4%; loan-to-value 54.0%.

Why It Matters

• The company raised cash (~$21.7M) through an exempt share issuance priced at NAV, which increases outstanding shares and provides liquidity without a registered offering.
• The declared distribution (paid April 30 record, paid mid-May) and published NAV per share give investors current income and valuation metrics to assess yield and price relative to NAV.
• Portfolio metrics (lease terms, tenant credit quality, fixed-rate debt, and LTV) provide context on the trust’s income stability and interest-rate exposure for investors evaluating risk and income sustainability.