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SEC Filings

8-K
OAKTREE SPECIALTY LENDING CORP filed this Form 8-K on 02/07/2019
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Slide 9

Historical Financial Information ($ in thousands, except per share amounts) Operating Results Q1’19 Q4’18 Q3’18 Q2’18 Q1’18 Dec-18 Sep-18 Jun-18 Mar-18 Dec-17 Interest income $35,789 $35,306 $26,634 $26,633 $29,938 PIK interest income 832 499 1,457 1,946 1,867 Fee income 1,202 2,034 2,425 3,942 1,031 Dividend & other income 453 381 1,331 2,258 1,040 Total investment income 38,276 38,220 31,847 34,779 33,876 Base management fee 5,568 5,767 5,909 5,386 5,590 Parts I & II incentive fees 5,548 3,675 2,733 3,247 830 Interest expense 8,904 9,323 8,291 8,530 9,584 Other operating expenses1 2,503 2,132 2,032 2,305 4,684 Total expenses 22,523 20,897 18,965 19,468 20,688 Fees recouped/(waived) (1,564) 292 (1,548) 48 (134) Net expenses 20,959 21,189 17,417 19,516 20,554 Net investment income 17,317 17,031 14,430 15,263 13,322 Net realized and unrealized gains (losses) 10,987 16,922 9,822 4,357 (43,763) Provision for income taxes (586) (622) - - - Net increase/decrease in net assets resulting from operations $27,718 $33,331 $24,252 $19,620 ($30,441) Net investment income per common share $0.12 $0.12 $0.10 $0.11 $0.09 Net realized and unrealized gains (losses) 0.08 0.12 0.07 0.03 (0.31) Earnings (loss) per common share – basic and diluted $0.20 $0.24 $0.17 $0.14 ($0.22) Note:Results during Q1’18 occurred during management transition from Fifth Street Management LLC to Oaktree, which occurred on October 17, 2017. 1Includes professional fees, directors fees, administrator expenses and general and administrative expenses.


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