other material
confidence high
sentiment neutral
materiality 0.65
Blue Owl Capital supplements proxy statement for merger with OBDE; discloses special dividend and projections
Blue Owl Capital Corp
- OBDE declared a $0.52 per share special dividend payable on or before Jan 31, 2025 to holders of record Dec 31, 2024.
- Projected OBDC dividends: $456M (9mo 2025), $592.4M (2026), $588.5M (2027), $592.4M (2028), $600.2M (2029).
- Projected OBDE dividends: $137.8M (9mo 2025), $174.5M (2026), $175.3M (2027), $176.1M (2028), $176.8M (2029).
- BofA and KBW analyses used discount rates: OBDC 9.5%-11.6% and 9.1%-11.1%; OBDE 9.7%-11.9% and 9.9%-11.9%.
- OBDC and OBDE boards continue to unanimously recommend the merger despite shareholder litigation.