Crescent Private Credit Income Corp.

26/07/2024 | Press release | Distributed by Public on 27/07/2024 03:16

Material Event Form 8 K

Item 8.01 Other Events

July 2024 Distributions

On July 26, 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 July 31, 2024 and will be paid on or about August 27, 2024. The July 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 June 30, 2024, as determined in accordance with the Fund's valuation policy, is set forth below:

NAV per share as of June 30, 2024

Class I Common Shares

$

26.95

As of June 30, 2024, the Fund's aggregate NAV was approximately $160.2 million, the fair value of its portfolio investments was approximately $228.7 million and it had principal debt outstanding of $79.5 million, resulting in a debt to equity ratio of approximately 0.50x.

Status of Private Offering

As of July 26, 2024, pursuant to subscription agreements entered into between the Fund and Sun Life Assurance Company of Canada ("Sun Life"), BK Canada Holdings Inc. ("BK Canada") and Scotia Private Credit Pool ("Scotia"), the Fund issued approximately 5,996,083 of its Class I Common Shares and raised gross proceeds of approximately $153.2 million since inception, including 51,948 shares sold to Scotia in July 2024.

The Sun Life and BK Canada private placements of Class I Common Shares 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 Rule 506(b) promulgated thereunder. The offer and sale of the Class I Common Shares to Scotia was exempt from the registration provisions of the Securities Act, pursuant to Section 4(a)(2) thereof and/or Regulation S promulgated thereunder. As of July 26, 2024, the Fund had not sold any of its Class S or Class D common shares.