Continued share sales pushed the direct lender’s combined offering proceeds past $1.42 billion through early June.

June 29, 2026

Fidelity Private Credit Fund kept its monthly distribution unchanged at $0.1750 per share across all three share classes, declared June 26, 2026, while its per-share net asset value declined for a third consecutive month. The Boston-based business development company, advised by an affiliate of Fidelity, reported aggregate net assets of roughly $1.4 billion as of May 31, 2026.

Distributions

The regular distribution pays out in full to Class I holders, while the other classes net less after stockholder servicing fees:

• Class I — $0.1750 (no servicing fee)
• Class S — $0.1574 (after a $0.0176 servicing fee)
• Class D — $0.1698 (after a $0.0052 servicing fee)

The Fund also declared a variable supplemental distribution of $0.0160 per share for every class, matching the supplemental amount set the prior month. Both payments go to shareholders of record as of the open of business on June 30, 2026, with payment expected on or about July 31, 2026. Holders may take cash or reinvest through the distribution reinvestment plan.

Net Asset Value and Leverage

Net asset value per share stood at $24.88 for Class I and Class D shares and $24.86 for Class S shares as of May 31. Those marks are down from $24.91 and $24.89, respectively, reported a month earlier, extending a gradual slide that has carried per-share value lower since the first quarter.

The portfolio’s fair value held at approximately $2.5 billion, with principal debt outstanding of about $1.2 billion. The resulting debt-to-equity ratio eased to roughly 0.87 times, a modest reduction in leverage from the 0.89 times reported as of the end of April.

Offering Status

Capital raising continued at a steady pace. Through the June 1, 2026 subscription date, the public offering and concurrent private offering had together issued approximately 55.8 million shares for total consideration of about $1.42 billion. Class I shares again dominated, accounting for roughly 55.3 million shares and $1.41 billion in the public offering. The Fund, which is conducting a continuous public offering of up to $4.0 billion in shares, said it intends to keep selling on a monthly basis.

An accompanying May 2026 fact sheet was furnished as an exhibit. The Fund noted the disclosed information is being furnished rather than formally submitted and does not constitute an offer or solicitation.