Oaktree Specialty Lending Corporation filings document the public reporting of a Nasdaq-listed business development company with common stock registered under Section 12(b). The record includes 8-K reports furnishing quarterly and annual financial results, earnings presentations and exhibits that describe NAV, investment income, portfolio activity, distributions, debt, leverage and related balance-sheet measures.
Proxy materials and voting reports cover board elections, auditor ratification, annual and special meeting matters and stockholder voting results. Other material-event filings address officer appointments and governance changes, while cover-page and exhibit disclosures identify the company's common stock, exchange listing and formal filing attachments.
Oaktree Specialty Lending Corporation reported second fiscal quarter 2026 results for the period ended March 31, 2026. GAAP net investment income was $34.4 million, or $0.39 per share, and adjusted net investment income was $33.7 million, or $0.38 per share, down from $0.42 and $0.41, respectively, in the prior quarter as lower base rates and reduced fee activity moderated investment income.
Total investment income was $70.4 million, while net realized and unrealized losses of $53.3 million, largely from depreciation on certain debt and equity investments amid spread widening in software, drove a net loss of $(18.9) million, or $(0.21) per share. Net asset value per share declined to $15.69 from $16.30.
The Board declared a total cash distribution of $0.34 per share for the quarter ending June 30, 2026, consisting of a $0.30 regular and $0.04 supplemental dividend, payable June 30, 2026 to stockholders of record on June 15, 2026. The investment portfolio totaled $2.8 billion at fair value across 163 companies, with 96.3% in debt investments and 83.7% in first lien loans. Non-accruals fell to 2.6% of debt investments at fair value, and the net debt to equity ratio was 1.04x, supported by $671 million of liquidity including cash and undrawn credit capacity.
Oaktree Specialty Lending Corp director Phyllis R. Caldwell made an open-market share purchase. On this Form 4, she bought 2,500 shares of common stock at a price of $10.77 per share. Following this transaction, she directly owns 23,500 shares of Oaktree Specialty Lending common stock.
Oaktree Specialty Lending Corp director Deborah Ann Gero reported an open-market purchase of 2,000 shares of common stock at a price of $10.7789 per share on March 16, 2026. Following this transaction, she directly owns 24,411 shares of Oaktree Specialty Lending Corp common stock.
Oaktree Specialty Lending Corporation reported results from its 2026 annual meeting of stockholders. Stockholders elected John B. Frank (33,749,567 votes for, 2,303,930 withheld) and Bruce Zimmerman (33,868,064 votes for, 2,185,433 withheld) to serve as directors until the 2029 annual meeting, with 23,312,367 broker non-votes for each nominee.
Stockholders also ratified Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending September 30, 2026, with 58,021,388 votes for, 842,271 against, and 502,205 abstentions. A separate special meeting to consider authorizing common stock issuances below net asset value, up to 25% of then-outstanding shares, was adjourned due to lack of a quorum.
Oaktree Specialty Lending Corporation furnished an update on its latest financial results. The company issued a press release announcing results for the fiscal quarter ended December 31, 2025, and made an accompanying earnings presentation available on its website.
The press release is included as Exhibit 99.1 and the first quarter 2026 earnings presentation as Exhibit 99.2. The company also scheduled a conference call on February 4, 2026 to discuss these quarterly results. The information in this report and the exhibits is being furnished rather than filed under securities laws.
Oaktree Specialty Lending Corporation is holding its 2026 virtual annual stockholder meeting on March 3, 2026. Stockholders of record as of January 5, 2026, when 88,085,523 common shares were outstanding, may vote online or by phone.
Investors will vote on two items: electing directors John B. Frank (interested director and board chair) and Bruce Zimmerman (lead independent director) to terms running to the 2029 annual meeting, and ratifying Ernst & Young LLP as independent auditor for the fiscal year ending September 30, 2026. The board recommends voting “FOR” both proposals.
The filing details governance practices, director independence and compensation, and related-party arrangements. The external adviser, an Oaktree affiliate, earns a 1.00% base management fee on gross assets (excluding cash) and 17.5% performance-based incentive fees, while an Oaktree affiliate administrator received about $2.4 million of reimbursed expenses in fiscal 2025. Audit and tax fees paid to EY were about $1.37 million and $0.45 million, respectively, in fiscal 2025. Brookfield has agreed to acquire the remaining 26% interest in Oaktree and its affiliates, which would give it full ownership after the expected first-quarter 2026 closing.
Oaktree Specialty Lending Corporation has called a virtual 2026 Special Meeting on March 3, 2026 to ask stockholders to approve a single proposal. The proposal would authorize the company, with Board approval, to sell or otherwise issue common stock at prices below its then-current net asset value (NAV) per share, as long as the number of new shares does not exceed 25% of the then-outstanding common stock and the authorization lasts for twelve months.
As of January 2, 2026, the company had 88,085,523 shares outstanding, and its shares have recently traded at a discount to NAV; for example, on January 5, 2026 the Nasdaq price of $12.91 was about 22.4% below NAV per share as of September 30, 2025. The Board, including all independent directors, argues that below-NAV issuance authority could give the BDC flexibility to raise equity during periods of market volatility, support compliance with asset coverage and debt covenants, and pursue attractive investments or acquisitions.
The proxy statement explains in detail how issuing stock below NAV can dilute existing holders’ NAV per share, ownership percentage and voting power, and provides numerical examples of dilution and accretion under different discount and participation scenarios. Stockholders will have no preemptive rights in any such issuance, and the Board emphasizes that the total shares issuable below NAV would be capped at 25% of outstanding shares. The Board unanimously recommends voting “FOR” the proposal.
Oaktree Specialty Lending Corporation reported that it has released its financial results for the fiscal quarter and year ended September 30, 2025, through a press release furnished as Exhibit 99.1. The company is also hosting a conference call on November 18, 2025, to discuss these results and has made an accompanying fourth quarter and fiscal year 2025 earnings investor presentation available on its website, furnished as Exhibit 99.2.