waivers and expense support                 26,881               8,657              62,385              11,004 
                                 ------------------  ------------------  ------------------  ------------------ 
Net investment income                        29,599              12,292              84,320              14,522 
                                 ------------------  ------------------  ------------------  ------------------ 
 
Realized and unrealized gain 
(loss): 
 Realized gain (loss): 
 Non-controlled/non-affiliated 
  investments                                   285                 159                (34)                 181 
 Foreign currency transactions                  172                (69)                 438                (69) 
 Foreign currency forward 
  contracts                                 (2,558)                 325             (2,078)                 325 
                                 ------------------  ------------------  ------------------  ------------------ 
Net realized gain (loss)                    (2,101)                 415             (1,674)                 437 
                                 ------------------  ------------------  ------------------  ------------------ 
 
Net change in unrealized 
appreciation (depreciation): 
 Non-controlled/non-affiliated 
  investments                               (1,272)               7,251             (6,532)               7,960 
 Foreign currency translation                    27                   -                  27                   - 
 Foreign currency forward 
  contracts                                      30                 132               1,072                 141 
                                 ------------------  ------------------  ------------------  ------------------ 
Net change in unrealized 
 appreciation (depreciation)                (1,215)               7,383             (5,433)               8,101 
                                 ------------------  ------------------  ------------------  ------------------ 
Net realized and unrealized 
 gain (loss)                                (3,316)               7,798             (7,107)               8,538 
                                 ------------------  ------------------  ------------------  ------------------ 
Net increase (decrease) in net 
 assets resulting from 
 operations                      $           26,283  $           20,090  $           77,213  $           23,060 
                                 ==================  ==================  ==================  ================== 
 
                         See accompanying notes to consolidated financial statements. 
                                                    sec.gov 
 

For a more detailed description of OCREDIT's investment guidelines and risk factors, please refer to the prospectus. Consider the investment objectives, risks, and charges and expenses carefully before investing or sending money. For a free prospectus containing this and other information, call 1-855-405-6488 or visit www.ocreditfund.com. Read it carefully.

OCREDIT is a non-exchange traded business development company ("BDC") that expects to invest at least 80% of its total assets (net assets plus borrowings for investment purposes) in private credit investments. An investment in OCREDIT involves a high degree of risk. An investor should purchase securities of OCREDIT only if they can afford the complete loss of the investment.

Neither the Securities and Exchange Commission nor any state securities regulator has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Securities regulators have also not passed upon whether this offering can be sold in compliance with existing or future suitability or Regulation Best Interest standard to any or all purchasers.

As of March 26, 2024, OCREDIT is available in 54 states and territories.

As of March 26, 2024, OCREDIT is not registered for offer or sale outside of the United States.

BDCs may charge management fees, incentive fees, as well as other fees associated with servicing loans. These fees will detract from the total return.

OCREDIT may in certain circumstances invest in companies experiencing distress increasing the risk of default or failure. OCREDIT is not listed on an exchange which heightens liquidity risk for an investor. OCREDIT has limited prior operating history and there is no assurance that it will achieve its investment objectives. The Company's public offering is a "blind pool" offering and thus investors will not have the opportunity to evaluate the Company's investments before they are made. Investors should not expect to be able to sell shares regardless of performance and should consider that they may not have access to the money invested for an extended period of time and may be unable to reduce their exposure in a market downturn.

OCREDIT employs leverage, which increases the volatility of OCREDIT's investments and will magnify the potential for loss. Fixed-income securities are subject to credit risk, call risk, and interest rate risk. As interest rates rise, bond prices fall. Investments in high-yield bonds involve greater risk. International investments can be riskier than U.S. investments and subject to foreign exchange risk.

OCREDIT is "non-diversified," meaning it may invest a greater portion of its assets in a single company. OCREDIT's share price can be expected to fluctuate more than that of a comparable diversified fund. OCREDIT may invest in derivatives, which may be riskier or more volatile than other types of investments because they are generally more sensitive to changes in market or economic conditions.

Account opening and closing fees may apply depending on the amount invested and the timing of the account closure. There may be costs associated with the investments in the account such as periodic management fees, incentive fees, loads, other expenses or brokerage commissions. Fees for optional services may also apply.

Opinions and estimates offered herein constitute the judgment of Oak Hill Advisors, L.P. as of the date this document is provided to an investor and are subject to change as are statements about market trends. All opinions and estimates are based on assumptions, all of which are difficult to predict and many of which are beyond the control of Oak Hill Advisors, L.P. In preparing this document, Oak Hill Advisors, L.P. has relied upon and assumed, without independent verification, the accuracy and completeness of all information. Oak Hill Advisors, L.P. believes that the information provided herein is reliable; however, it does not warrant its accuracy or completeness. Certain information contained in the press release discusses general market activity, industry or sector trends, or other broad-based economic, market or political conditions and should not be construed as research or investment advice.

Diversification cannot assure a profit or protect against loss in a declining market. Potential investors are urged to consult a tax professional regarding the possible economic, tax, legal, or other consequences of investing in OCREDIT in light of their particular circumstances.

In the United States, the Company's securities are offered through T. Rowe Price Investment Services Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission and a member of FINRA. OHA is a T. Rowe Price company.

(c) 2024 Oak Hill Advisors. All Rights Reserved. OHA is a trademark of Oak Hill Advisors, L.P. T. ROWE PRICE is a trademark of T. Rowe Price Group, Inc. All other trademarks shown are the property of their respective owners. Use does not imply endorsement, sponsorship, or affiliation of Oak Hill Advisors with any of the trademark owners.

202411-3892273

 
__________________________________ 
(1) Figures represent borrowings that bear interest at a rate of SOFR + a 
determined amount. SOFR = Secured Overnight Financing Rate. 
(2) Computed as (a) the annual stated interest rate or yield plus the annual 
accretion of discounts or less the annual amortization of premiums, as 
applicable, on income producing securities, divided by (b) the total relevant 
investments at amortized cost or fair value, as applicable. 
(3) Inception is November 14, 2022. 
(4) Annualized total return based on net asset value calculated as the change 
in net asset value per share during the respective period, assuming 
distributions that have been declared are reinvested on the effects of the 
performance of the Company during the period. Past performance is no guarantee 
of future results. 
(5) The Commitment Increase Agreement provides for, among other things, an 
increase in the total aggregate commitments from lenders under the revolving 
credit facility governed by the Credit Agreement. 
(6) Does not include common shares sold through the Company's distribution 
reinvestment plan. 
(7) Performance and share activity shown is indicative of Class I only, unless 
otherwise indicated. 
(8) Future distribution payments are not guaranteed. 
 

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-oha-select-private-credit-fund-announces-september-30--2024-financial-results-and-declared-total-distributions-of-0-84-per-share-in-q3-2024--302299429.html

SOURCE OHA; T. Rowe Price Group, Inc.

/CONTACT: T. ROWE PRICE AND OHA PR CONTACTS: T. Rowe Price, Bill Weeks, +1 (914) 762-2858, bill.weeks@troweprice.com OR Oak Hill Advisors, Natalie Harvard, +1 (212) 326-1505, nharvard@oakhilladvisors.com

(END) Dow Jones Newswires

November 07, 2024 17:30 ET (22:30 GMT)