The June distribution run marked the debut of Class F-I and Class F-S shares as the mortgage REIT continues its monthly subscription cadence.

July 9, 2026

Fortress Credit Realty Income Trust sold roughly 644,560 common shares on July 1, 2026, generating approximately $12.9 million in gross proceeds priced off the May 31 net asset value per share of each applicable class. The sale was conducted through the trust’s continuous private placement under standard exemptions from registration.

Most notably, the transaction introduced two previously unreported share classes, Class F-I and Class F-S, expanding the trust’s roster beyond the eight classes disclosed in the company’s April net asset value report.

Where the Capital Came From

The bulk of the proceeds came from the trust’s established share classes, with the two new F classes making their first appearance:

• Class I: 340,382 shares for roughly $6.83 million
• Class J-4: 214,990 shares for $4.32 million
• Class F-S: 51,806 shares for $1.04 million
• Class S: 26,912 shares for $540,000
• Class F-I: 9,219 shares for $185,000
• Class E: 1,251 shares for $25,000

Distributions Across Ten Classes

Separately, the trust declared monthly distributions on June 30 across all ten of its common share classes, each carrying a uniform gross distribution of $0.1542 per share. As is typical for non-traded REITs with multiple share classes, net distributions varied by class according to the fee load each bears.

Class E again received the full gross amount as its net distribution, reflecting its exemption from servicing, management, and performance fees. Class B and the newly introduced Class F-I both netted $0.1375 per share. At the lower end, Class S received $0.1087 per share after all applicable fees, while Class J-4 netted $0.1137.

Reading the New F Classes

The debut of the F classes is the operative development. Their fee structures offer a window into their intended distribution channels: Class F-I carries only a management fee with no shareholder servicing fee, resembling an institutional or advisory share, while Class F-S bears both servicing and management fees, consistent with a broker-sold class. Neither new class was subject to a performance fee in this distribution period.

The distributions are payable to shareholders of record as of the close of business on June 30, 2026, with payment on or about July 1. Shareholders enrolled in the distribution reinvestment plan may receive their payouts in additional shares of the same class rather than cash.