Oaktree Specialty Lending Corporation reported a strong second fiscal quarter with solid earnings driven by robust origination activity and successful exits. Credit quality remained healthy with no non-accruals, and the company increased its dividend for the eighth consecutive quarter to $0.165 per share.
Total investment income was $64.3 million ($0.35 per share).
GAAP net investment income was $40.1 million ($0.22 per share).
NAV per share was $7.26 as of March 31, 2022, down 1.1% from $7.34 as of December 31, 2021.
A quarterly cash distribution was declared of $0.165 per share, up 3% from the prior quarter.
Oaktree Specialty Lending is well-positioned for the increasingly volatile market environment and believes it will continue to deliver attractive returns to its shareholders.