Highlights

• Revolution Private Credit Income Trust (ASX: REV) has updated its October 2026 distribution, confirming an actual amount of approximately $0.01421545 per ordinary unit.

• The revised actual distribution is slightly above the initially estimated amount of $0.014 per unit, announced on 28 October 2026.

• The Dividend Reinvestment Plan (DRP) price has been set at $2.0019 per unit, based on the final net Tangible Asset (NTA) price.

• The Record Date was 3 November 2026, with the payment date confirmed as 17 November 2026 and new DRP units to be issued on the same date.

Revolution Private Credit Income Trust (ASX:REV) has released an update to its October 2026 distribution announcement, confirming the actual distribution per ordinary unit and setting the final Dividend Reinvestment Plan (DRP) price. The trust, which provides investors with exposure to the Australian private credit market through a listed vehicle on the ASX, pays monthly distributions in line with its income-focused investment mandate. The update confirms that the actual distribution for the period ending 31 October 2026 is modestly above the originally estimated figure.

Distribution Details and DRP Parameters

The confirmed actual distribution of approximately $0.01421545 per ordinary unit represents a minor upward revision from the estimated $0.014 per unit that was notified to the market on 28 October 2026. The distribution is unfranked and paid in Australian dollars. The DRP price for this distribution has been set at $2.0019 per unit, calculated using the final net tangible asset (NTA) price method, as stipulated in the trust's DRP plan rules. Unitholders who have elected to participate in the DRP will have their distributions reinvested in new units at this price, issued on 17 November 2026.

The default option for securityholders who have not indicated a DRP preference is to receive a cash payment rather than reinvestment. The DRP election deadline was 17:00 on 4 November 2026, which has already passed. The distribution relates to one month of trust income for the period ending 31 October 2026, consistent with the trust's practice of paying monthly distributions from its private credit portfolio.

Context: Private Credit as an Asset Class

Private credit — encompassing direct lending to companies outside of traditional bank channels — has grown substantially as an Asset Class in Australia and globally. Listed vehicles like Revolution Private Credit Income Trust provide retail and institutional investors with a pathway to access private credit returns that were historically available only to wholesale or institutional investors. The trust's monthly distribution cadence is designed to provide a regular income stream, making it relevant for income-focused investors seeking alternatives to listed Equity dividends and term deposit interest.

Trust Profile and Key Dates

Revolution Private Credit Income Trust trades under the ASX Code REV and is managed by Revolution Asset Management. The trust focuses on providing Capital to Australian mid-market companies through senior secured and other structured credit facilities. Investors seeking further information on DRP plan rules and income distributions are directed to the trust's website at revolutionam.com.au. The payment date for the October 2026 distribution is 17 November 2026, with the DRP units also to be issued on that date.

Key Insights

The minor upward revision to the October distribution, from an estimated $0.014 to an actual $0.01421545 per unit, reflects the floating-rate nature of private credit income streams.

The DRP price of $2.0019, based on final NTA, allows reinvesting unitholders to acquire additional units at a price that fairly reflects the trust's underlying asset value.

Revolution Private Credit's monthly distribution cadence is a defining feature for income-oriented investors comparing fixed income alternatives on the ASX.

Private credit as a sector has seen significant growth in Australia, with listed vehicles like REV providing accessible exposure to an otherwise wholesale-dominated asset class.