ARES STRATEGIC INCOME FUND 8-K

What Happened Ares Strategic Income Fund filed an 8-K (Jan 21, 2026) reporting an unregistered sale of Class I common shares during January 2026 (4,011,672 shares, finalized Jan 21, 2026) for total consideration of $110.2 million. The purchase price equaled the Fund’s net asset value (NAV) per Class I share as of December 31, 2025 ($27.48). The sale was exempt from registration under Section 4(a)(2) and/or Regulation S. The filing also discloses the Fund’s December 31, 2025 NAV, portfolio composition, leverage, and regular monthly distribution declarations for January and for February–June 2026.

Key Details

• Unregistered sale: 4,011,672 Class I shares issued in January 2026 for $110.2 million; price = NAV per Class I share as of 12/31/2025 ($27.48).
• NAV & balance sheet (as of 12/31/2025): NAV per share — Class I/S/D $27.48; aggregate NAV ≈ $10.5 billion; portfolio fair value ≈ $21.5 billion; debt outstanding ≈ $11.2 billion; debt-to-equity = 1.09x.
• Distributions: January 2026 gross distribution $0.21430 per share (record date Jan 30, 2026; pay on/about Feb 23, 2026). Gross distributions of $0.21430 per share were also declared for Feb–Jun 2026 (various record/payment dates); Class S and D pay net amounts after servicing/distribution fees; Class I has no servicing/distribution fee.
• Portfolio & offering status: 886 portfolio companies; 93% of debt investments (by fair value) are floating rate. Portfolio mix (by fair value) highlighted by first-lien senior secured loans 79.8%. The Fund is conducting a continuous registered offering up to $15.0 billion and has issued a total of ~411.3 million common shares for ~$11.24 billion (registered + private placements) to date.

Why It Matters These disclosures show the Fund is actively issuing shares (both registered and private placements) and continuing its regular monthly cash or reinvested distributions. The December 31, 2025 metrics give investors current scale and leverage: a $21.5B portfolio with $11.2B debt (1.09x debt-to-equity), and a portfolio heavily weighted to floating-rate, first‑lien loans—factors that influence income sensitivity to interest rates and credit conditions. The declared distributions provide predictable monthly income per share ($0.21430 gross) while the ongoing share offerings indicate the Fund is raising capital through continued share issuance.