Oaktree Specialty Lending Q2 fiscal 2023 NII $0.63/share; declares $0.55 dividend

Oaktree Specialty Lending Corp

2023-Q2 EPS reported $0.52

Total investment income $96.3M ($1.32/share) vs $79.2M in prior quarter; driven by OSI2 merger and higher base rates.
GAAP net investment income $46.0M ($0.63/share); adjusted NII $45.4M ($0.62/share).
Net asset value per share $19.66 as of March 31, 2023, up from $19.63.
Quarterly cash distribution declared at $0.55/share, payable June 30, 2023 to holders of record June 15, 2023.
Completed OSI2 merger on Jan 23, 2023, adding $572.1M of investments at fair value.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Oaktree Specialty Lending Corp reported the fiscal quarter ended March 31, 2023 results: revenue $96.3 million, net income $46.0 million, EPS $0.63 per share.

Period: the fiscal quarter ended March 31, 2023
Revenue: $96.3 million
Net income: $46.0 million
EPS: $0.63 per share
Result: reported results

Exact text from the filing

Total investment income was $96.3 million ($1.32 per share) for the second fiscal quarter of 2023, as compared with $79.2 million ($1.30 per share) for the first fiscal quarter of 2023. Adjusted total investment income was $95.7 million ($1.31 per share) for the second fiscal quarter of 2023, as compared with $77.4 million ($1.27 per share) for the first fiscal quarter of 2023. The increase was primarily driven by the growth in assets that resulted from the completion of the merger with Oaktree Strategic Income II, Inc. (“OSI2”) during the quarter (the “OSI2 Merger”) as well as the impact of higher base rates on the Company’s floating rate debt portfolio. • GAAP net investment income was $46.0 million ($0.63 per share) for the second fiscal quarter of 2023, as compared with $38.8 million ($0.63 per share) for the first fiscal quarter of 2023.

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Source: SEC EDGAR

accession 0001193125-23-134995

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