Golub Capital Private Income Fund S Sells Shares, Declares May Distribution

What Happened
Golub Capital Private Income Fund S (the Fund) filed an 8‑K (May 26, 2026) reporting three material items: the Fund sold 11,570 unregistered common shares on May 1, 2026 for approximately $279,650 based on the April 30, 2026 NAV; it declared a May 2026 distribution for common shares; and it provided a portfolio and NAV update as of April 30, 2026. The Fund’s NAV per common share was $24.17 as of April 30, 2026.

Key Details

• Unregistered share sale: 11,570 common shares sold as of May 1, 2026 at NAV $24.17, total consideration $279,650; no underwriting commissions paid.
• May distribution: Gross $0.1667 per common share; estimated servicing/fee $0.0174; net distribution $0.1493 per share. Record date May 31, 2026; payable on or about June 29, 2026; cash or reinvestment option available.
• Portfolio snapshot (as of April 30, 2026): 142 portfolio companies; portfolio fair value ≈ $248 million; NAV ≈ $115 million; debt outstanding ≈ $148 million.
• Asset mix and leverage: ~98% first‑lien senior secured, ~2% equity; ~100% of debt investments (by fair value) are floating rate; debt‑to‑equity leverage ratio 1.31x (GAAP net 1.23x). Top industry exposures include Software (25%), Insurance (10%), and Healthcare/Services categories.

Why It Matters
These items affect shareholders’ picture of the Fund’s capital activity and portfolio health. The small unregistered share sale brought in roughly $280K of capital. The declared distribution and reinvestment option determine near‑term cash flows to holders. The portfolio update shows the Fund is heavily weighted to first‑lien, floating‑rate debt (which can help in rising rate environments) and provides current leverage and NAV figures investors use to assess risk and yield.