Oaktree Specialty Lending Corporation Announces Tax Character of Distributions for Calendar Year 2023
February 14 2024 - 3:05PM
Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“OCSL” or the
“Company”) today announced the tax character of the Company’s 2023
common stock distributions.
The amounts shown in the table below represent the accounting of
the Company’s 2023 distributions. This information supersedes any
estimated information you may have received during the year.
Record Date |
Payable Date |
Distribution Per Share |
% Taxable (1) |
% Non-Dividends (2) |
% Qualified Dividends |
% Non-Qualified Dividends |
% Long-Term Capital Gains |
% Interest – Related Dividends (3) |
3/15/2023 |
3/31/2023 |
$0.55 |
100% |
0% |
0% |
100% |
0% |
96.91% |
6/15/2023 |
6/30/2023 |
$0.55 |
100% |
0% |
0% |
100% |
0% |
88.69% |
9/15/2023 |
9/30/2023 |
$0.55 |
100% |
0% |
0% |
100% |
0% |
89.39% |
12/15/2023 |
12/29/2023 |
$0.55 |
100% |
0% |
0% |
100% |
0% |
86.88% |
12/15/2023 |
12/29/2023 |
$0.07 |
100% |
0% |
0% |
100% |
0% |
86.88% |
|
|
|
|
|
|
|
|
|
(1) Taxable ordinary income. |
(2) Return of capital/non-dividend distributions. |
(3) Percentage of qualified and non-qualified dividends which
are Interest-Related Dividends in accordance with IRC Section
871(k), that may be exempt from U.S. withholding tax when
distributed to non-U.S. stockholders. |
|
|
For tax purposes, the Company is a regulated investment company
(“RIC”) and is permitted to designate the portion of distributions
paid that consist of interest-related dividends (also referred to
as qualified interest income, or "QII") and short-term capital
gains which are thus exempt from U.S. withholding tax when paid to
non-U.S. shareholders with proper documentation.
Distributions that were reinvested through the Company’s
Dividend Reinvestment Plan are treated, for tax purposes, as if
they had been paid in cash. Therefore, stockholders who participate
in the Dividend Reinvestment Plan should also refer to the above
table.
This notice is not intended to constitute tax, legal, investment
or other professional advice. Stockholders should be aware that tax
treatment is subject to change by law in the future or
retroactively. This is general information and should not be relied
upon without consulting your tax advisor.
About Oaktree Specialty Lending Corporation
Oaktree Specialty Lending Corporation (NASDAQ:OCSL) is a
specialty finance company dedicated to providing customized
one-stop credit solutions to companies with limited access to
public or syndicated capital markets. OCSL’s investment objective
is to generate current income and capital appreciation by providing
companies with flexible and innovative financing solutions
including first and second lien loans, unsecured and mezzanine
loans, and preferred equity. OCSL is regulated as a business
development company under the Investment Company Act of 1940, as
amended, and is managed by Oaktree Fund Advisors, LLC, an affiliate
of Oaktree Capital Management, L.P. For additional information,
please visit OCSL’s website at www.oaktreespecialtylending.com.
Forward-Looking Statements
Some of the statements in this press release constitute
forward-looking statements because they relate to future events,
future performance or financial condition. The forward-looking
statements may include statements as to: future operating results
of the Company and distribution projections; business prospects of
the Company and the prospects of its portfolio companies; and the
impact of the investments that the Company expects to make. In
addition, words such as “anticipate,” “believe,” “expect,” “seek,”
“plan,” “should,” “estimate,” “project” and “intend” indicate
forward-looking statements, although not all forward-looking
statements include these words. The forward-looking statements
contained in this press release involve risks and uncertainties.
Certain factors could cause actual results and conditions to differ
materially from those projected, including the uncertainties
associated with (i) changes in the economy, financial markets and
political environment, including the impacts of inflation and
rising interest rates; (ii) risks associated with possible
disruption in the operations of the Company or the economy
generally due to terrorism, war or other geopolitical conflict
(including the current conflicts in Ukraine and Israel), natural
disasters, pandemics or cybersecurity incidents; (iii) future
changes in laws or regulations (including the interpretation of
these laws and regulations by regulatory authorities); (iv)
conditions in the Company’s operating areas, particularly with
respect to business development companies or regulated investment
companies; and (v) other considerations that may be disclosed from
time to time in the Company’s publicly disseminated documents and
filings. The Company has based the forward-looking statements
included in this press release on information available to it on
the date of this press release, and the Company assumes no
obligation to update any such forward-looking statements. The
Company undertakes no obligation to revise or update any
forward-looking statements, whether as a result of new information,
future events or otherwise, you are advised to consult any
additional disclosures that it may make directly to you or through
reports that the Company in the future may file with the Securities
and Exchange Commission, including annual reports on Form 10-K,
quarterly reports on Form 10-Q and current reports on Form 8-K.
Contacts
Investor Relations:Oaktree Specialty Lending CorporationMichael
Mosticchio(212) 284-1900ocsl-ir@oaktreecapital.com
Oaktree Specialty Lending (NASDAQ:OCSL)
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