Show All
What is Oaktree Specialty Lending Corporation?

Oaktree Specialty Lending Corporation is a specialty finance company providing customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets.

We are a closed-end, externally managed, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. In addition, we have elected to be treated as a regulated investment company for U.S. federal income tax purposes.

Our investment activities are managed by our investment adviser, Oaktree Fund Advisors, LLC, an affiliate of Oaktree Capital Management, L.P. (“Oaktree”). Oaktree and its affiliates have served as our investment adviser since October 17, 2017.

Who is Oaktree?

Oaktree Capital Management is a premier credit manager and leader among global investment managers specializing in alternative investments. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets, and listed equities. The firm has over 950 employees and offices in 18 cities worldwide.

The firm’s competitive advantages include its experienced team of investment professionals, a global platform and a unifying investment philosophy. This investment philosophy, which consists of six tenets - risk control, consistency, market inefficiency, specialization, bottom-up analysis and disavowal of market timing - is complemented by a set of core business principles that articulate Oaktree’s commitment to excellence in investing, commonality of interests with clients, a collaborative and cooperative culture, and a disciplined but opportunistic approach to the expansion of investment strategies.

What is Oaktree Specialty Lending Corporation’s investment objective?

Our investment objective is to generate current income and capital appreciation through investments in first and second lien loans, unsecured and mezzanine loans, and preferred equity. To achieve this objective, we lend to companies with significant asset or enterprise value and seasoned management teams.

Please visit our Investment Strategy and Portfolio pages for more information.

Where is Oaktree Specialty Lending Corporation’s common stock listed?

Our common stock is listed and traded on the NASDAQ under the ticker symbol OCSL. For more information, please visit our Stock Information page.

Can I purchase shares directly from Oaktree Specialty Lending Corporation?

No. Investors may purchase shares only through a broker.

What is Oaktree Specialty Lending Corporation’s CUSIP number for its common stock?

The CUSIP number for our common stock is 67401P 405.

Who is the transfer agent for the stock?

Our transfer agent, American Stock Transfer & Trust Company (AST), can help you with a variety of shareholder-related services such as change of address, account status and other administrative services. Please visit AST's Shareholder Services or call (800) 937-5449 or (718) 921-8124.

How do I know if I am a registered stockholder?

You are a registered stockholder if you hold shares of Oaktree Specialty Lending Corporation common stock registered in your name and you either hold a certificate representing such shares or such shares are held in book-entry form with our transfer agent, American Stock Transfer & Trust Company. If you purchased shares through a broker, bank or other intermediary, the shares might not be registered in your name but instead may be registered in the name of the broker, bank, or other intermediary (held in “street name”). Individual stockholders whose shares are held in street name should contact their registered investment adviser or broker for further information about their account(s).

Where can I find information about Oaktree Specialty Lending Corporation’s net asset value (NAV)?

Net asset value per share is disclosed in our Quarterly Earnings information as well as in our quarterly Form 10-Q and annual Form 10-K. Please visit our SEC Filings page for these reports.

Does Oaktree Specialty Lending Corporation pay a dividend?

Yes. We intend to distribute dividends or make distributions to shareholders of record on a quarterly basis. Please note that dividends may not continue at the current level, if at all. Please visit our Dividends page for historical dividend information.

Why is Oaktree Specialty Lending Corporation required to pay out its taxable earnings?

We have elected to be treated as a regulated investment company (“RIC”) under the Internal Revenue Code of 1986, as amended. As long as we qualify as a RIC, we will not be taxed on our investment company taxable income or realized net capital gains, to the extent that such taxable income or gains are distributed, or deemed to be distributed, to stockholders on a timely basis.

To maintain RIC tax treatment, we must, among other things, distribute, with respect to each taxable year, at least 90% of our investment company taxable income (i.e., our net ordinary income and our realized net short-term capital gains in excess of realized net long-term capital losses, if any).

Are Oaktree Specialty Lending Corporation’s dividends taxable to stockholders?

As a regulated investment company, we generally do not pay income taxes on our earnings at the corporate level, but pass our income through to shareholders in the nature that it was earned. Therefore, a portion of our dividend is usually taxable to our shareholders at their ordinary income tax rates and a portion may qualify for the long-term capital gains tax rates. You should consult your own tax advisor for information about taxes with respect to the dividends you receive as an investor.

Is the dividend considered a “qualified dividend” for tax purposes?

No. Our dividend is generally not a “qualified dividend” for tax purposes and therefore generally is not eligible for the lower qualified dividend tax rate. You should consult your own tax advisor for information about taxes with respect to the dividends you receive as an investor.

How will my income from Oaktree Specialty Lending Corporation be reported to me for tax purposes?

You will receive a 1099-DIV from your broker or investment adviser reporting your distribution from Oaktree Specialty Lending Corporation. You will not receive a Form K-1.

Does Oaktree Specialty Lending Corporation have a dividend reinvestment program?

We have adopted a dividend reinvestment plan that provides for reinvestment of our dividends on behalf of our stockholders, unless a stockholder elects to receive cash.

No action will be required on the part of a registered stockholder to enroll and have his or her cash distributions reinvested in shares of our common stock. A registered stockholder may elect to receive an entire distribution in cash by notifying American Stock Transfer & Trust Company (AST), the plan administrator and our transfer agent, distribution paying agent and registrar, in writing so that such notice is received by the plan administrator no later than 10 days prior to the record date for the next dividend or distribution to stockholders.

Those stockholders whose shares are held by a broker or other financial intermediary may receive distributions in cash by notifying their broker or other financial intermediary of their election.

Participants may opt out and terminate their accounts under the plan one of three ways:
  • By notifying the plan administrator via AST’s Shareholder Services
  • By filling out the transaction request form located at the bottom of your statement and sending it to the plan administrator at P.O. Box 922, Wall Street Station, New York, New York, 10269-0560
  • By calling the plan administrators at (800) 937-5449 or (718) 921-8124
When is Oaktree Specialty Lending Corporation’s fiscal year end?

Our fiscal year end is September 30.

Who is Oaktree Specialty Lending Corporation’s independent auditor?

Ernst & Young LLP is the independent public accounting firm responsible for auditing Oaktree Specialty Lending Corporation.

How can I request additional information and email alerts from Oaktree Specialty Lending Corporation?

You can request additional information by visiting the Information Request page or contacting Oaktree Specialty Lending Corporation’s Investor Relations at ocsl-ir@oaktreecapital.com.

To sign up for email alerts regarding events, documents and press releases, please visit our Email Alerts page.

How can I report a questionable accounting, internal accounting controls or auditing matter about Oaktree Specialty Lending Corporation?

Should you wish to contact our Board of Directors, please see the information on our Contact the Board page.