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Total return (net)1

Share Class 1-month 3-month Year-to-date (YTD) Since inception (5/31/2022)
Class Institutional 0.16% 2.99% 13.38% 10.44%

Historical distribution per share

Class Institutional Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
2022 dividend distribution - - - - - - - - $0.15 $0.15 $0.16 $0.29
2023 dividend distribution $0.17 $0.18 $0.20 $0.21 $0.21 $0.21 $0.21 $0.22 $0.22 $0.33

Historical performance1

Share Class Year Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
Class Institutional 2022

-6.04% 3.87% 1.89% -3.90% 1.26% 0.84% 0.21%

2023 3.21% 0.62% 0.74% 1.49% -0.49% 2.70% 1.84% 1.37% 1.45% 0.16%

Historical NAV per share

Year Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec

$23.49 $24.40 $24.86 $23.74 $23.89 $23.93 $23.69
2023 $24.28 $24.25 $24.23 $24.38 $24.05 $24.49 $24.73 $24.85 $24.99 $24.70


1 As of October 31, 2023. Past performance is not necessarily indicative of future results. Total Net Return is calculated as the change in NAV per share during the period, plus distributions per share (assuming dividends and distributions are reinvested) divided by the beginning NAV per share. Returns greater than one year are annualized. All returns shown are derived from unaudited financial information and are net of all BDEBT expenses, including general and administrative expenses, transaction related expenses, management fees, incentive fees, and share class specific fees, but exclude the impact of early repurchase deductions on the repurchase of shares that have been outstanding for less than one year. Class Institutional shares do not have upfront placement fees. The returns have been prepared using unaudited data and valuations of the underlying investments in BDEBT’s portfolio, which are estimates of fair value and form the basis for BDEBT’s NAV.

2 Source: BlackRock as of October 31, 2023. Distribution rate is calculated by annualizing the most recent distribution per share and dividing by the net asset value. Past performance is not necessarily indicative of future results. The distribution rate is net of applicable servicing fees (Class I: no servicing fee). Distributions are not guaranteed and may be funded through sources other than cash flow. As of July 31, 2023, 100 percent of inception to date distributions were funded from cash flows from operations. See BDEBT’s prospectus. Please visit the Resources page for notices regarding distributions subject to Section 19(a) of the Investment Company Act of 1940. We cannot guarantee that we will make distributions, and if we do we may fund such distributions from sources other than cash flow from operations, including the sale of assets, borrowings, return of capital, or offering proceeds, and although we generally expect to fund distributions from cash flow from operations, we have not established limits on the amounts we may pay from such sources. A return of capital (1) is a return of the original amount invested, (2) does not constitute earnings or profits and (3) will have the effect of reducing the basis such that when a shareholder sells its shares the sale may be subject to taxes even if the shares are sold for less than the original purchase price. Distributions may also be funded in significant part, directly or indirectly, from temporary waivers or expense reimbursements borne by the Adviser or its affiliates, that may be subject to reimbursement to the Adviser or its affiliates. The repayment of any amounts owed to our affiliates will reduce future distributions to which you would otherwise be entitled.