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Oaktree Specialty Lending Corporation (OCSL-0.57%) has filed its annual 10-K report filing for the fiscal year ended September 30, 2024.
The filing details the company's financial performance, including a total investment income of $381.7 million for the year, a slight increase from the previous year's $379.3 million. This income was primarily generated from interest on portfolio investments, fee income, and dividend income.
Net investment income for the year was reported at $175.1 million, a decrease from $180.7 million in the prior year. This was attributed to higher interest expenses due to rising interest rates.
The company's investment portfolio was valued at $3.0 billion as of September 30, 2024, up from $2.9 billion the previous year. This increase was driven by new investment commitments and funding during the year.
Oaktree Specialty Lending Corporation's net realized losses for the year amounted to $136.4 million, primarily due to exits and restructurings of various investments.
The company's net unrealized appreciation was reported at $19.1 million, reflecting changes in the fair value of its investments.
The filing also includes information on the company's liquidity and capital resources, noting a net decrease in cash and cash equivalents of $67.0 million for the year. The company had $78.5 million in cash and cash equivalents as of September 30, 2024.
Oaktree Specialty Lending Corporation continues to operate under the management of Oaktree Fund Advisors, LLC, with a focus on providing credit solutions to middle-market companies.
The company declared a quarterly distribution of $0.55 per share, payable on December 31, 2024, to stockholders of record on December 16, 2024.
The filing outlines the company's exposure to interest rate risk, with a significant portion of its debt investment portfolio bearing interest at floating rates, subject to market fluctuations.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Oaktree Specialty Lending Corporation annual 10-K report dated November 19, 2024. To report an error, please email earnings@qz.com.