From GlobeNewswire:

Oaktree Specialty Lending Corporation revealed their financial results for the fiscal quarter ending December 31, 2023, with investment income at $98.0 million, adjusted net investment income at $44.2 million, and a net asset value of $19.14 per share. The company originated $370.3 million in new investment commitments and declared a quarterly cash distribution of $0.55 per share payable on March 29, 2024. They experienced idiosyncratic performance challenges at four portfolio investments, resulting in a decline in NAV and an increase in non-accruals. Adjusted total investment income for the quarter ended December 31, 2023 was $98.0 million, down 4.1 million from the previous quarter. Net expenses were down to a total of $53.8 million for the quarter ended December 31, 2023. Adjusted net investment income for the same period was $44.2 million, down from $47.8 million for the quarter ended September 30, 2023. Adjusted net realized and unrealized losses, net of taxes, was $32.9 million for the quarter, reflecting realized and unrealized losses on certain debt and equity investments. With investments at fair value totaling $3,018,552 as of December 31, 2023, non-accrual investments at fair value had risen to $120,713. Weighted average yield on debt investments was 12.2%. The company saw new investment commitments rise to $370.3 million, with $213.5 million of proceeds from prepayments, exits, and other paydowns and sales during the quarter ended December 31, 2023. Net new investments were $154.1 million. Unfunded investment commitments were $226.6 million. Oaktree Specialty Lending Corporation’s quarterly distribution of $0.55 per share is payable in cash on March 29, 2024 to stockholders of record on March 15, 2024. Non-accrual investments as a percentage of debt investments at fair value stood at 4.2% as of December 31, 2023.



Read more: Oaktree Specialty Lending Corporation Announces First