T. Rowe Price Credit Fund Declares $0.69 Q4 Distribution, Grows $210.1M Portfolio
T. Rowe Price OHA Select Private Credit Fund declared Q4 2025 distributions of $0.69 per share, closing the quarter with a $26.89 NAV and 10.3% annualized yield. Its $2.9 billion portfolio spans 135 companies in 22 sectors, yielding 10.0%, and recorded net fundings of $210.1 million with 16 new additions.
1. Q4 Distributions and Income
In Q4 2025, the fund declared total distributions of $0.69 per share alongside net investment income of $37.3 million or $0.65 per share. Earnings per share reached $0.63 and NAV stood at $26.89 with a 10.3% annualized distribution yield.
2. Portfolio Growth and Composition
As of December 31, 2025, the fund’s $2.9 billion portfolio included 135 companies across 22 sectors with a weighted average yield of 10.0%. The quarter saw $464.6 million in gross fundings and $254.5 million in repayments, netting $210.1 million and adding 16 new companies.
3. Credit Facility Amendment
In Q4, the fund’s SPV subsidiary amended its BNP credit agreement, raising the facility cap from $400 million to $500 million, cutting the advance margin to 1.85% during the reinvestment period, and revising unused fee structures.
4. Share Issuance and Subsequent Distributions
During the quarter, the fund issued Class I, S, and D shares for proceeds totaling $92.5 million, plus $93.3 million received through March 11, 2026. It declared $0.23 per share distributions on January 30 and February 27, comprising $0.20 base and $0.03 variable supplements.