earnings
confidence high
sentiment positive
materiality 0.75
Oaktree Specialty Lending Q1 2022: adj NII $0.17/sh, NAV $7.34, div up 3% to $0.16
Oaktree Specialty Lending Corp
2023-FY EPS reported
$0.66
- Total investment income $64.9M; adj total investment income $62.1M; GAAP NII $32.3M ($0.18/sh); adj NII $31.2M ($0.17/sh).
- Originated $299.9M new commitments (73% first lien), weighted avg yield 8.1%; no non-accruals as of Dec 31, 2021.
- NAV per share $7.34, up 0.8% from $7.28 on realized/unrealized gains and undistributed NII.
- Quarterly distribution increased 3% to $0.16/share, payable Mar 31, 2022 to holders of record Mar 15, 2022 (7th consecutive increase).
- Appointed Matthew Stewart as COO effective Jan 28, 2022; Mathew Pendo remains President.