Corporate Action (Form 8-K)

Item 3.03 - Material Modification to Rights of Security Holders.

On May 7, 2026, the Board of Trustees (the "Board") of AB Private Lending Fund (the "Fund") approved an amendment and restatement of the Fund's distribution reinvestment plan (the "DRP," and, as amended and restated, the "Amended DRP"). The Amended DRP will be effective as of May 7, 2026, and will first apply to the reinvestment of cash distributions paid on or after, May 7, 2026. Under the DRP, cash distributions paid to participating shareholders are reinvested in additional common shares of beneficial interest (the "Shares") at a price equal to the net asset value per share of the Shares as of the first calendar day of the month Fund's following the record date of a distribution.

Under the Amended DRP, in the event that a participant elects to tender a portion of its Shares into a tender offer conducted by the Fund, the participant's participation in the Amended DRP will be terminated only with respect to the Participant's Shares that were repurchased, and not with respect to any of the participant's Shares for which repurchase was requested but not repurchased. The Amended DRP also states that investors located in California must opt in to participating in the Amended DRP.

The information set forth above with respect to the DRP does not purport to be complete in scope and is qualified in its entirety by the full text of the DRP, which is filed as Exhibit 4.1 hereto and is incorporated into this Current Report on Form 8-K by reference thereto.