Audax Private Credit Fund, LLC has declared a distribution of $0.43 per share for its common shares, a decision made by the company’s board of directors on September 29, 2026. This distribution is set to be payable at the close of business on October 14, 2026, to shareholders of record as of September 30, 2026. Shareholders participating in the Fund’s distribution reinvestment plan will have the option to reinvest their distributions in additional common shares.
Background
Audax Private Credit Fund, LLC is an operating entity incorporated in Delaware. The company is categorized as an emerging growth company and has been active in the private credit space, which is characterized by providing loans to private companies. Its recent filings indicate a focus on maintaining and enhancing shareholder value.
What the Filing Says
The filing states, "On September 29, 2026, Audax Private Credit Fund, LLC’s board of directors declared a distribution of $0.43 per share of its limited liability company interests, par value $0.001 (the 'Common Shares')." This distribution reflects the company's commitment to rewarding its investors.
Impact
This distribution may positively affect shareholders, offering them a direct return on their investment. It also sets a precedent in the private credit industry, where firms are increasingly focusing on shareholder returns amidst a competitive landscape.
What's Next
Following this declaration, the next significant event will be the payment of the distribution on October 14, 2026. The filing does not specify any further actions or upcoming events related to this distribution.