Ares Core Infrastructure Fund

07/21/2026 | Press release | Distributed by Public on 07/21/2026 14:39

Private Placement (Form 8-K)

Item 3.02 Unregistered Sale of Equity Securities
In its monthly closing for July 2026, Ares Core Infrastructure Fund (the "Fund") sold common shares of beneficial interest ("Common Shares") for an aggregate purchase price of $1,120.6 million. The number of Common Shares to be issued was finalized on July 21, 2026. The purchase price per Common Share of each class equaled the Fund's net asset value ("NAV") per Common Share as of June 30, 2026. The issuance of the Common Shares is exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof, by Rule 506(b) of Regulation D promulgated thereunder and/or Regulation S promulgated thereunder. The following table details the Common Shares sold:
Class of Common Shares
Amount of Common Shares(1)
Total Consideration (in millions)
Class I 25,756,596 $641.0
Class D 2,813,041 $70.0
Class N 15,067,180 $374.9
Class S 1,394,900 $34.7
Total 45,031,717 $1,120.6
(1)Number of shares finalized on July 21, 2026.
Item 8.01 Other Events.
Net Asset Value
The NAV per Common Share of each class of the Fund as of June 30, 2026, as determined in accordance with the valuation policies and procedures employed by Ares Capital Management II LLC, the Fund's investment adviser, was as follows:
Class of Common Shares
NAV as of June 30, 2026
Class I $ 24.8841
Class D $ 24.8841
Class N $ 24.8841
Class S $ 24.8841
As of June 30, 2026, the Fund's aggregate NAV was approximately $5,030.1 million and the fair value of the Fund's portfolio investments was approximately $7,330.1 million.
July 2026 Distribution
The Fund has announced the declaration of regular monthly gross distributions for each class of the Fund's Common Shares in the amounts per share set forth below:
Class of Common Shares Gross Distribution Shareholder Servicing and/or Distribution Fee Net Distribution
Class I $ 0.20830 $ - $ 0.20830
Class D $ 0.20830 $ 0.00528 $ 0.20302
Class N $ 0.20830 $ 0.01057 $ 0.19773
Class S $ 0.20830 $ 0.01796 $ 0.19034
The distributions for each class of Common Shares are payable to shareholders of record as of the open of business on July 31, 2026 and will be paid on or about August 21, 2026. The July 2026 distributions will be paid in cash or reinvested in the Common Shares for shareholders participating in the Fund's distribution reinvestment plan.
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August and September 2026 Distributions
The Fund has announced the declaration of regular monthly gross distributions for August and September 2026, for each class of its Common Shares in the amounts per share set forth below:
Gross Distribution Per Share
Record Date
Payment Date(1)
Class I Class D Class N Class S
August 31, 2026 September 23, 2026 $ 0.20830 $ 0.20830 $ 0.20830 $ 0.20830
September 30, 2026 October 23, 2026 $ 0.20830 $ 0.20830 $ 0.20830 $ 0.20830
(1) The distributions on the Fund's Common Shares will be paid on or about the payment dates set above.
These distributions will be paid in cash or reinvested in the Common Shares for shareholders participating in the Fund's distribution reinvestment plan. The net distributions to be received by shareholders of the Class D Common Shares, Class N Common Shares and Class S Common Shares will be equal to the gross distribution in the table above, less specific shareholder servicing and/or distribution fees applicable to such class as of their respective record dates. Class I Common Shares have no shareholder servicing and/or distribution fees.
Portfolio and Business Commentary
As of June 30, 2026, the Fund had eleven equity investments with total fair value of approximately $6,118.9 million. As of June 30, 2026, based on fair value, the Fund's portfolio investments consisted of the following:
Portfolio Investments
As of June 30, 2026
Common equity 64.26 %
Other equity 5.37 %
Preferred equity 13.84 %
First lien senior secured loans 13.16 %
Senior subordinated loans 3.37 %
Total 100.00 %
As of June 30, 2026, the ten largest industries in which the Fund was invested, represented as a percentage of fair value, were as follows:
Industry
As of June 30, 2026
Oil, gas and consumable fuels 41.6 %
Independent power and renewable electricity producers 39.8
Data centers
8.7
Transportation infrastructure 5.0
Electric utilities 3.3
Electrical equipment 0.4
Chemicals 0.3
Technology hardware and equipment 0.2
Software 0.2
Gas utilities 0.1
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Status of the Offering
The Fund is currently offering on a continuous basis (the "Offering") Common Shares in transactions exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof, by Rule 506(b) of Regulation D promulgated thereunder and/or Regulation S promulgated thereunder. The following table lists the Common Shares issued and total consideration for the Offering as of the date of this filing, reflective of transfers between share classes. 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 Offering on a monthly basis.
Class of Common Shares Common Shares Issued
Total Consideration (in millions) (1)
Class I 181,592,582 $4,528.7
Class D 4,851,195 $120.7
Class N 46,312,590 $1,153.1
Class S 13,289,546 $331.5
Total 246,045,913 $6,134.0
(1)No underwriting discounts or commissions have been or will be paid in connection with the sale of such Common Shares. Although the Fund does not charge investors an upfront sales load (an "Upfront Sales Load") with respect to its Common Shares, if Class D Common Shares, Class N Common Shares, or Class S Common Shares are purchased through certain selling agents, shareholders may be charged an Upfront Sales Load or transaction or other fees, including brokerage commissions, in such amount as such selling agents may determine, provided that such charges are subject to a 2.0% cap on NAV for Class D Common Shares, a 2.0% cap on NAV for Class N Common Shares, and a 3.5% cap on NAV for Class S Common Shares. No Upfront Sales Loads may be charged on Class I Common Shares.
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Ares Core Infrastructure Fund published this content on July 21, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 21, 2026 at 20:39 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]