The Brookfield Oaktree-affiliated fund saw its per-share net asset value slip in February while its portfolio surpassed $7 billion in fair value.

March 30, 2026

Oaktree Strategic Credit Fund announced on March 25, 2026, that its Board of Trustees declared a regular monthly distribution of $0.16 per share across all four classes of its common shares. The distribution is payable to shareholders of record as of March 27, 2026, with payment expected on or about April 28, 2026.

Net distributions vary by share class after accounting for shareholder servicing and distribution fees. Class I shareholders will receive the full $0.16, while Class D holders will net approximately $0.1553 per share. Class S and Class T shareholders will each receive roughly $0.144 per share after fees. Shareholders enrolled in the fund’s distribution reinvestment plan will have their payouts reinvested into additional shares.

NAV Declines in February

Alongside the distribution announcement, the fund reported its net asset value as of February 28, 2026. NAV per share stood at $22.64 across all share classes, down from $22.87 as of January 31, 2026. The fund’s aggregate NAV was approximately $4.7 billion, while the fair value of its total investment portfolio reached roughly $7.3 billion. Outstanding debt stood at approximately $2.9 billion in principal, putting the net debt-to-equity leverage ratio at about 0.57 times.

Offering Activity Continues

The Delaware-based fund, headquartered in Los Angeles, continues to publicly offer up to $5.0 billion in shares on a continuous basis. It has also been selling unregistered Class I shares through a separate private placement. As of the filing date, the private offering had issued just over 21 million Class I shares for total consideration of approximately $504.6 million.

The public offering has been significantly larger, with roughly 141.5 million Class I shares raising about $3.3 billion. Additional issuances in Class D, Class S, and Class T shares brought in a combined $1.4 billion more. The fund indicated it plans to continue selling shares on a monthly basis through both offerings.

The fund also noted that it intends to publish updated NAV figures on its website within 20 business days of each month-end. The report was signed by Chris McKown, the fund’s Chief Financial Officer and Treasurer.