Ares Core Infrastructure Fund 8-K

What Happened
Ares Core Infrastructure Fund filed an 8‑K (Jan 21, 2026) reporting an unregistered issuance of common shares in its January 2026 monthly closing and disclosing its net asset value (NAV) and distribution schedule. The Fund finalized the issuance on January 21, 2026, selling 11,395,800 Common Shares for aggregate consideration of $285.4 million (Class I: 9,860,864 shares for $247.0M; Class S: 1,534,936 shares for $38.4M). The shares were issued at the Fund’s NAV per share as of December 31, 2025 and the issuance relied on exemptions under Section 4(a)(2), Rule 506(b) of Regulation D and/or Regulation S.

Key Details

• NAV per Common Share as of December 31, 2025: $25.0447. Aggregate NAV ≈ $2,094.6 million; fair value of portfolio investments ≈ $3,049.3 million.
• January 2026 distribution (previously declared): gross $0.20830 per share for Class I, D and S. Record date Jan 30, 2026; payable on or about Feb 23, 2026. Net for Jan: Class I $0.20830 (no fee); Class D $0.20298 (after $0.00532 fee); Class S $0.19022 (after $0.01808 fee). Distributions may be paid in cash or reinvested.
• February and March 2026 distributions: $0.20830 per share for Class I, D, N and S. Feb record date Feb 27/pay Mar 25; Mar record date Mar 31/pay Apr 23. As of filing date, no Class N Shares outstanding.
• Offering to date (continuous, exempt offering): 94,949,605 Common Shares issued for $2,369.3 million (Class I: 91,602,363 / $2,285.6M; Class S: 3,321,128 / $83.0M; Class D: 26,114 / $0.7M). No underwriting discounts; some selling agents may charge capped transaction fees on certain classes.

Why It Matters
This 8‑K provides investors with the Fund’s recently calculated NAV and portfolio valuation, confirms significant new capital raised in January ($285.4M), and reiterates the monthly distribution amounts and payment schedule. The portfolio remains largely equity‑weighted (common equity ~71.1% by fair value) with substantial renewable energy and infrastructure assets (detailed project capacities and pipeline interests disclosed), which helps investors assess asset mix, liquidity events and ongoing income expectations from distributions. The share issuance was completed under private offering exemptions and will continue monthly under the same program.