09/27/2024 | Press release | Distributed by Public on 09/27/2024 14:06
Item 8.01 Other Events
September 2024 Distributions
On September 27, 2024, Crescent Private Credit Income Corp. (the "Fund") declared regular and special distributions for its Class I common shares of common stock, par value $0.01 per share ("Class I Common Shares"), in the amount per share set forth below:
Gross Distribution |
Special Distribution |
Shareholder Servicing and/or Distribution Fee |
Net Distribution |
|||||||||||||
Class I Common Shares |
$ |
0.16000 |
$ |
0.07000 |
$ |
- |
$ |
0.23000 |
The distributions for Class I Common Shares are payable to shareholders of record as of the open of business on September 30, 2024 and will be paid on or about October 28, 2024. The September 2024 distributions will be paid in cash or reinvested in the Class I Common Shares for shareholders participating in the Fund's distribution reinvestment plan.
Net Asset Value
The net asset value ("NAV") per share of Class I Common Shares of the Fund as of August 31, 2024, as determined in accordance with the Fund's valuation policy, is set forth below:
NAV per share as of August 31, 2024 |
||||
Class I Common Shares |
$ |
26.83 |
As of August 31, 2024, the Fund's aggregate NAV was approximately $168.3 million, the fair value of its portfolio investments was approximately $256.5 million and it had principal debt outstanding of $97.2 million, resulting in a debt to equity ratio of approximately 0.58x.
Status of Offering
The Fund is currently publicly offering on a continuous basis of up to $2.5billion in shares of the Fund's common stock, par value $0.01 per share (the "Common Shares"), including shares of the Fund's Class I Common Shares, Class S common shares of common stock, par value $0.01 per share (the "Class S Common Shares"), and Class D common shares of common stock, par value $0.01 per share (the "Class D Common Shares"), pursuant to a registered offering (the "Registered Offering").
Additionally, the Fund has sold unregistered shares as part of private offerings (the "Private Placements") that were exempt from the registration provisions of the Securities Act of 1933, as amended, (the "Securities Act") pursuant to Section 4(a)(2) thereof and/or Rule 506(b) or Regulation S promulgated thereunder.
The following table lists the Common Shares issued and total consideration for both the Registered Offering and the Private Placements as of the date of this filing. The table below does not include Common Shares issued through the Fund's distribution reinvestment plan. The Fund intends to continue selling Common Shares in the Registered Offering on a monthly basis.
(dollar amounts in millions) |
Common Shares issued |
Total consideration |
||||||
Registered Offering: |
||||||||
Class I |
274,266 |
$ |
7.4 |
|||||
Class S |
- |
- |
||||||
Class D |
- |
- |
||||||
Private Placements: |
||||||||
Class I |
5,996,083 |
153.2 |
||||||
Class S |
- |
- |
||||||
Class D |
- |
- |
||||||
Total: |
6,270,349 |
$ |
160.6 |