PGIM PGIM Private Credit Fund

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Executive Summary

PGIM Private Credit Fund declared regular monthly distributions for May 2026 across all share classes (Class S: $0.19506, Class D: $0.20732, Class I: $0.21243) payable June 26, 2026. The fund also disclosed an aggregate NAV of $270.7M as of April 30, 2026, with a $405.0M investment portfolio and $163.5M in debt, and continues its ongoing $2.5B offering with $240.1M raised to date. This is a routine operational update with no material new information.

Actionable Insight

Key Facts

• May 2026 distributions declared: Class S $0.19506, Class D $0.20732, Class I $0.21243 per share
• Distributions payable to shareholders of record May 29, 2026, paid on or about June 26, 2026
• Aggregate NAV as of April 30, 2026: $270.7 million
• Investment portfolio fair value: $405.0 million
• Debt outstanding (at principal): $163.5 million
• NAV per share as of April 30, 2026: Class S $25.36, Class D $25.28, Class I $24.79
• Continuous public offering up to $2.5 billion in shares ongoing; $240.1 million total consideration raised to date across offering and private placement
• 9,557,788 total shares issued across both offerings (excluding DRIP)

Financial Impact

Routine monthly distribution declaration and NAV update; no material financial impact. Aggregate NAV $270.7M, debt $163.5M, leverage ratio ~60%.

Risk Factors

• Leverage ratio of ~60% (debt/portfolio) exposes NAV to credit market volatility
• Continuous offering dilutes existing shareholders if NAV declines
• No public trading market for shares limits liquidity

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

US Market Status