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Sep 30, 2022
Oaktree Q4 2022 Earnings Report
Oaktree Specialty Lending's financial performance for Q4 2022 was announced, highlighted by a total investment income of $70.1 million and adjusted net investment income of $33.7 million.
Key Takeaways
Oaktree Specialty Lending Corporation reported a strong fourth quarter and full year 2022, driven by higher interest income from rising base rates and a larger investment portfolio. The company declared an increased quarterly distribution of $0.18 per share and a special distribution of $0.14 per share.
Total investment income for Q4 was $70.1 million ($0.38 per share), while adjusted total investment income was $68.0 million ($0.37 per share).
GAAP net investment income was $35.9 million ($0.20 per share) for the quarter.
Adjusted net investment income was $33.7 million ($0.18 per share) for the quarter.
Net asset value (NAV) per share was $6.79 as of September 30, 2022.
Oaktree
Oaktree
Forward Guidance
Oaktree believes its substantial dry powder and defensively positioned portfolio position it well for what looks to be a continuing volatile market environment in fiscal year 2023.