---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-019601"
form_type: "8-K"
ticker: "OCSL"
cik: "0001414932"
company_name: "Oaktree Specialty Lending Corp"
filed_at: "2025-02-04T23:59:59+00:00"
generated_at: "2026-05-27T03:23:35.613373+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Oaktree Specialty Lending Q1 NII $0.54/sh, NAV $17.63; Oaktree buys $100M shares at NAV

## Summary
- Total investment income $86.6M ($1.05/sh), down from $94.7M ($1.15/sh) QoQ due to lower rates and non-accruals.
- GAAP NII $44.3M ($0.54/sh) vs $44.9M ($0.55/sh) QoQ; adjusted NII $44.7M ($0.54/sh).
- NAV per share fell to $17.63 from $18.09 QoQ on losses in debt/equity investments.
- Oaktree Capital purchased $100M of OCSL stock at NAV ($17.63), a 10% premium to close, boosting NAV ~7%.
- Quarterly base dividend $0.40/sh plus supplemental $0.07/sh declared; new policy of base + variable supplemental.

## SEC filing metadata
- accession: 0001193125-25-019601
- form_type: 8-K
- ticker: OCSL
- cik: 0001414932
- company_name: Oaktree Specialty Lending Corp
- filed_at: 2025-02-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414932/000119312525019601/0001193125-25-019601-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414932/000119312525019601/d894458d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-019601
- JSON: https://secwatch.observer/filing/0001193125-25-019601.json
- Plain text: https://secwatch.observer/filing/0001193125-25-019601.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.