OHA Select Private Credit Fund Posts $0.61 NII/Share, Declares $0.60 Distribution
TROW sits 31% above its 52-week low of $85.22.
Summary
The OHA Select Private Credit Fund, managed by T. Rowe Price, reported Q2 2026 net investment income of $0.61 per share, up from $0.59 in Q1, and EPS of $0.41 versus a loss of $0.05 last quarter. NAV per share dipped slightly to $25.96 from $26.15. The fund declared total distributions of $0.60 per share, an annualized rate of 9.2%. Portfolio fair value grew to $3.1 billion across 144 companies, with 7 new additions and net fundings of $124 million. A post-quarter $400 million notes issuance at 6.50% due 2031 bolsters liquidity. This follows the fund's continuous offering launched in May to raise up to $2.5 billion, and T. Rowe Price's strong Q2 earnings beat on July 31. The steady NII and distribution coverage signal stable credit performance, though the slight NAV decline and one non-accrual loan warrant attention.
At the time of this announcement, TROW was trading at $111.30 on NASDAQ in the Finance sector, with a market capitalization of approximately $23.7B. The 52-week trading range was $85.22 to $122.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.