ARES STRATEGIC INCOME FUND 8-K

What Happened Ares Strategic Income Fund filed an 8-K reporting that during March 2026 it sold 7,089,664 Class I common shares for $190.4 million (number of shares finalized March 23, 2026) in an offering exempt from registration. The fund reported NAV per share of $26.86 for Class I, S and D as of February 28, 2026, aggregate NAV of approximately $10.7 billion, portfolio fair value of about $20.8 billion, and debt outstanding of roughly $10.3 billion (debt-to-equity 0.99x; 0.96x net of ~$301 million cash). The filing also reconfirms monthly gross distributions of $0.21430 per share (March payment record date March 31, 2026; payment ~April 23, 2026) and announces the April–June 2026 monthly distributions at the same amount. The fund continues a public registered offering (up to $15.0 billion) and ongoing private placements.

Key Details

• Unregistered sale: 7,089,664 Class I shares for $190.4 million (finalized March 23, 2026); exempt under Section 4(a)(2) and/or Regulation S.
• NAV & balance sheet (as of Feb 28, 2026): NAV per share $26.86; aggregate NAV ≈ $10.7B; portfolio fair value ≈ $20.8B; debt ≈ $10.3B; available borrowing ≈ $4.9B.
• Portfolio: investments in 835 companies; 93% of debt investments (by fair value) are floating rate; allocation includes 79.6% first‑lien senior secured loans, 5.2% senior subordinated loans, 4.4% CLOs, and 3.0% other equity.
• Share issuance to date: total common shares issued (registered + private) 429,986,131 for $11,741.6 million (registered offering Class I $3,088.5M; private placements Class I $6,377.2M).

Why It Matters For investors, the filing shows the fund is actively raising capital via both registered and private share sales (including the recent $190.4M Class I sale), which can support new investments or leverage but may also increase share count. The NAV, portfolio size, high proportion of floating‑rate debt (93%) and near‑1.0x debt‑to‑equity ratio give a clear snapshot of the fund’s leverage and interest‑rate sensitivity as of Feb 28, 2026. The steady monthly distribution of $0.21430 per share is reaffirmed and will be paid in cash or reinvested according to the fund’s plan.