Ares Strategic Income Fund

10/21/2025 | Press release | Distributed by Public on 10/21/2025 14:48

Private Placement (Form 8-K)

Item 3.02 Unregistered Sale of Equity Securities.
During October 2025, Ares Strategic Income Fund (the "Fund") sold Class I common shares of beneficial interest. The number of shares to be issued was finalized on October 20, 2025. The purchase price per Class I common share equaled the Fund's net asset value ("NAV") per Class I common share as of September 30, 2025. The offer and sale of these Class I common shares was exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof and/or Regulation S promulgated thereunder. The following table details the Class I common shares sold:
Date of Unregistered Sales (dollar amount in millions) Amount of Class I Common Shares Total Consideration
During October 2025 (number of shares finalized on October 20, 2025)
9,524,376 $ 259.9
Item 8.01 Other Events.
Net Asset Value
The NAV per share of each class of the Fund as of September 30, 2025, as determined in accordance with the valuation policies and procedures of Ares Capital Management LLC, the Fund's investment adviser, was as follows:
NAV as of September 30, 2025
Class I $ 27.58
Class S $ 27.58
Class D $ 27.58
As of September 30, 2025, the Fund's aggregate NAV was approximately $10.2 billion, the fair value of its portfolio investments was approximately $19.6 billion, and it had approximately $8.9 billion of debt outstanding. The Fund's debt-to-equity ratio as of September 30, 2025 was 0.90x.
October 2025 Distributions
As previously disclosed, on August 8, 2025, the Fund announced the declaration of regular monthly distributions for each class of the Fund's common shares of beneficial interest, including Class I shares, Class S shares and Class D shares (the "Common Shares") in the amounts per share set forth below:
Gross Distribution Shareholder Servicing and/or Distribution Fee Net Distribution
Class I $ 0.21430 $ 0.00000 $ 0.21430
Class S $ 0.21430 $ 0.01991 $ 0.19439
Class D $ 0.21430 $ 0.00586 $ 0.20844
The distributions for each class of Common Shares are payable to shareholders of record as of the open of business on October 31, 2025 and will be paid on or about November 21, 2025.
The October 2025 distributions will be paid in cash or reinvested in the Common Shares for shareholders participating in the Fund's distribution reinvestment plan.
November and December 2025 Distributions
Also, as previously disclosed, on August 8, 2025, the Fund announced the declaration of regular monthly gross distributions for November and December 2025, in each case 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 S Class D
November 28, 2025 December 24, 2025 $ 0.21430 $ 0.21430 $ 0.21430
December 31, 2025 January 23, 2026 $ 0.21430 $ 0.21430 $ 0.21430
(1)The distributions for each class of the Fund's Common Shares will be paid on or about the payment dates 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 received by shareholders of each of the Class S shares and Class D shares will be equal to the gross distribution in the table above, less specific shareholder servicing and/or distribution fees applicable to such class of the Fund's Common Shares as of their respective record dates. Class I shares have no shareholder servicing and/or distribution fees.
Portfolio and Business Commentary
As of September 30, 2025, the Fund had investments in 832 portfolio companies with total fair value of approximately $19.6 billion. As of September 30, 2025, 93% of the debt investments at fair value in the Fund's portfolio were floating rate. As of September 30, 2025, based on fair value, the Fund's portfolio investments consisted of the following:
As of September 30, 2025
Portfolio Investments
First lien senior secured loans 82.7 %
Second lien senior secured loans 1.7
Senior subordinated loans 4.3
Corporate bonds 0.5
Collateralized loan obligations 4.7
Commercial mortgage-backed securities 0.5
Private asset-backed investments 1.5
Preferred equity 1.4
Other equity 2.7
Total 100.0 %
As of September 30, 2025, the ten largest industries in which the Fund was invested, represented as a percentage of fair value, were as follows:
As of September 30, 2025
Industry
Software and Services 20.6 %
Health Care Equipment and Services 11.7 %
Commercial and Professional Services 9.0 %
Capital Goods 7.3 %
Financial Services 7.0 %
Investment Funds and Vehicles 6.7 %
Consumer Services 6.6 %
Insurance 5.5 %
Sports, Media and Entertainment 4.0 %
Pharmaceuticals, Biotechnology and Life Sciences 3.1 %
Status of Offering
The Fund is currently publicly offering on a continuous basis up to $15.0 billion of its Common Shares, pursuant to a registered offering (the "Offering"). Additionally, the Fund has sold unregistered shares as part of private offerings (the "Private Placements"). The following table lists the Common Shares issued and total consideration for both the Offering and the Private Placements 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 and in Private Placements on a monthly basis.
(dollar amounts in millions) Common Shares Issued Total Consideration(1)
Registered Offering:
Class I 102,191,296 $ 2,796.6
Class S 45,916,949 $ 1,254.5
Class D 28,627,352 $ 785.5
Private Placements
Class I 207,955,548 $ 5,668.0
Class S - -
Class D - -
Total Registered Offering and Private Placements* 384,691,145 $ 10,504.6
(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 with respect to its common shares, if common shares are purchased through certain selling agents, such selling agents may directly charge shareholders transaction or other fees, including upfront placement fees or brokerage commissions, in such amount as they may determine, provided that selling agents limit such charges to a 2.0% cap on NAV for Class I common shares, a 3.5% cap on NAV for Class S common shares and a 2.0% cap on NAV for Class D common shares.
*Amounts may not sum due to rounding.
Ares Strategic Income Fund published this content on October 21, 2025, and is solely responsible for the information contained herein. Distributed via EDGAR on October 21, 2025 at 20:48 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]