Skip to content

Fidelity BDC Reports 6% Increase in Monthly Aggregate NAV

Fidelity Private Credit Fund, a public non-listed perpetually offered business development company, reported that its aggregate NAV increased in value by 6.1% month-over-month from $439.2 million at the close of January 2024 to $466 million at the close of February 2024.

The fair value of its investment portfolio was $743.3 million, and it had principal debt outstanding of $255.5 million, resulting in a debt-to-equity ratio of approximately 0.55 times (it was 0.38 times in the previous month).

Its declared monthly NAV per share (inclusive of Class I, Class S, and Class D shares) transaction price increased month-over-month by 0.39%, from $25.82 per share as of Jan. 31, 2024, to $25.92 per share as of Feb. 29, 2024.

Declared distributions for each class of its common shares of beneficial interest were approximately $0.18 prior to stockholder servicing fees. The distributions for each class of shares are payable to shareholders of record on March 29, 2024, and will be paid on or about April 30, 2024. Additionally, on March 29, the fund declared variable supplemental distributions for each class of its shares in the approximate amount of $0.04 per share. The variable supplemental distributions are payable to shareholders on the same schedule.

Distributions will be paid in cash or reinvested in shares of the fund for shareholders participating in the fund’s distribution reinvestment plan.

The fund is currently offering on a continuous basis up to $1 billion in shares.

Click here to visit The DI Wire directory page.