Oaktree Specialty Lending Corporation - OCSI STOCK NEWS

Oaktree Strategic Income Corporation (NASDAQ:OCSI) announced a special dividend record date of March 17, 2021. This dividend will encompass all undistributed net ordinary income and capital gains prior to the proposed merger with Oaktree Specialty Lending Corporation (OCSL). The estimated dividend amount is between $0.10 and $0.14 per share, contingent upon the merger's closure by March 31, 2021. Payment is expected on the merger closing date, with shareholders selling shares during the period losing entitlement to the dividend.

Oaktree Strategic Income Corporation (NASDAQ: OCSI) reported its financial results for Q1 2021, ending December 31, 2020. Total investment income was $9.0 million ($0.30 per share), unchanged from the previous quarter. Net investment income increased 7% to $4.0 million ($0.14 per share) due to lower interest expenses. NAV per share rose 4% to $9.38, attributed to unrealized gains and improved credit conditions. A quarterly cash distribution of $0.155 per share, up 7%, was declared, marking the second consecutive increase. The company recently committed $55.8 million in new investments.

Oaktree Strategic Income Corporation (NASDAQ: OCSI) will announce its financial results for the first fiscal quarter ended December 31, 2020, on February 4, 2021, before the Nasdaq market opens. A conference call discussing the results will take place at 12:30 p.m. ET. The company specializes in providing capital solutions for middle-market companies, focusing on first-lien financing to generate stable income while minimizing principal loss. This regulatory framework as a business development company allows it to operate under the Investment Company Act of 1940.

Oaktree Strategic Income Corporation (NASDAQ: OCSI) reported its financial results for the quarter and year ending September 30, 2020. Total investment income increased to $9.0 million for Q4, but decreased to $39.5 million for the full year compared to $49.6 million in 2019. Net investment income rose to $3.7 million in Q4, with a full-year total of $16.2 million. NAV per share increased 7% to $9.05 from the previous quarter, although down 6% year-over-year. A quarterly cash distribution of $0.145 per share was declared, reflecting a 16% increase from the prior quarter.

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) and Oaktree Strategic Income Corporation (NASDAQ: OCSI) have announced a merger agreement, pending stockholder approval. OCSI shareholders will receive OCSL shares equating to their shares' net asset value (NAV). The merger will result in OCSL owning approximately 77.5% of the combined entity. Oaktree will waive $6 million in management fees over two years to enhance stockholder value. The merger is projected to improve net investment income and diversify the portfolio, with anticipated completion in the second fiscal quarter of 2021.

Oaktree Strategic Income Corporation (NASDAQ: OCSI) will announce its financial results for Q4 and full year ended September 30, 2020, on November 19, 2020, before the Nasdaq opens. Following this announcement, management will hold a conference call at 12:30 p.m. Eastern Time to discuss the results, accessible by phone or via a live webcast on the company’s website. OCSI focuses on providing customized capital solutions to middle-market companies, aiming for stable income while minimizing principal loss.

Oaktree Strategic Income Corporation (NASDAQ: OCSI) reported its financial results for Q3 2020, indicating a strong recovery with a net asset value (NAV) per share of $8.47, an 18% increase from the previous quarter. Total investment income was $8.6 million, down from $10.3 million, primarily due to reduced interest income and a smaller portfolio size. The company originated $41.6 million in new investment commitments, all first lien loans, and declared a quarterly cash distribution of $0.125 per share. The overall liquidity remains strong with $30.1 million in cash and $92.8 million in undrawn credit capacity.

Oaktree Strategic Income Corporation (NASDAQ:OCSI) will release its financial results for the third fiscal quarter ended June 30, 2020, on August 10, 2020, before market opening. A conference call to discuss these results is scheduled for the same day at 12:30 p.m. Eastern Time. The call can be accessed through dial-in numbers or a live webcast. Oaktree Strategic Income focuses on providing capital solutions for middle-market companies, aiming to generate stable income and minimize principal loss through innovative financing solutions.