Item 7.01. Regulation FD Disclosure.
October 2024 Distribution
On October 24, 2024, the Board of Trustees of Oaktree Strategic Credit Fund (the “
”) declared a regular distribution on the Fund’s outstanding common shares of beneficial interest (the “
”) in the amount per share set forth below:
| | | | | | | | | | | | |
| | |
| | |
Servicing
and/or
Distribution
Fee | | |
| |
| Class I Common Shares | | $ | 0.2000 | | | $ | 0.0000 | | | $ | 0.2000 | |
| Class D Common Shares | | $ | 0.2000 | | | $ | 0.0049 | | | $ | 0.1951 | |
| Class S Common Shares | | $ | 0.2000 | | | $ | 0.0167 | | | $ | 0.1833 | |
The regular distribution is payable to shareholders of record as of October 30, 2024 and will be paid on or about November 26, 2024.
The distribution will be paid in cash and, in the case of shareholders participating in the Fund’s distribution reinvestment plan, reinvested in Shares.
As previously announced, the Fund intends to report its net asset value per share as of the last day of each month on its website,
osc.brookfieldoaktree.com
, within 20 business days of month end. At such time, the Fund may also make available on its website other financial information as of the applicable
month-end.
The information on the Fund’s website is not a part of, or incorporated by reference in, this Current Report on Form
8-K.
The information disclosed under this Item 7.01 is being “furnished” and shall not be deemed “filed” by the Fund for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “
”), or otherwise subject to the liabilities of that Section, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the “
”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Net Asset Value and Portfolio Update
The net asset value (“
”) per share of the issued and outstanding Shares of the Fund as of September 30, 2024, as determined on October 24, 2024
in
accordance with the Fund’s valuation policy, is set forth below.
| | | | |
| | |
| |
| Class I Common Shares | | $ | 23.56 | |
| Class D Common Shares | | $ | 23.56 | |
| Class S Common Shares | | $ | 23.56 | |
As of September 30, 2024, the Fund’s aggregate NAV was approximately $3.2 billion, the fair value of its investment portfolio was approximately $4.6 billion and it had approximately $1.8 billion principal amount of debt outstanding. As of September 30, 2024, the Fund’s debt-to-equity leverage ratio was approximately 0.58 times and the Fund’s net debt-to-equity leverage ratio was approximately 0.43 times, after adjusting debt for cash and cash equivalents. NAV per share increased from $23.55 per share as of August 31, 2024 to $23.56 per share as of September 30, 2024.
The Fund is currently publicly offering on a continuous basis up to $5.0 billion in Shares (the “
”). Additionally, the Fund has sold unregistered Class I Shares in transactions exempt from the registration provisions of the Securities Act pursuant to Section 4(a)(2) and/or Regulation S thereunder as part of a private offering (the “
”). The following tables list the Shares issued and total consideration for the Private Offering and the Offering, in each case, as of the date of this filing. The Fund intends to continue selling Shares in the Offering and the Private Offering on a monthly basis.
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