The Rabid Capitalist

Professor Glenn A. Okun

Oaktree Specialty Lending (OCSL): OCSL reported total investment income of $101.9 million, below consensus estimates of $103.45 million.  The company produced record adjusted net investment income for the year.  Third quarter net asset value per share increased to $19.63 from $19.58 at the end of the second quarter.  ROE exceeded 12 percent for the year.  Management noted that its merger with Oaktree Strategic Income II has been accretive to earnings.  OCSL declared a quarterly distribution of $0.55 per share and special distribution of $0.07 per share.