Oaktree Strategic Income Corporation is a specialty finance company dedicated to providing customized capital solutions to middle-market companies.
We are a closed-end, externally managed, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. In addition, we have elected to be treated as a regulated investment company for U.S. federal income tax purposes.
Our investment activities are managed by our investment adviser, Oaktree Capital Management, L.P., an affiliate of Oaktree Capital Group, LLC (NYSE: OAK). Oaktree Capital Management has served as our investment adviser since October 17, 2017.
Oaktree Capital Management, L.P., which serves as investment adviser to Oaktree Strategic Income Corporation, is a premier credit manager and leader among global investment managers specializing in alternative investments. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide.
The firm’s competitive advantages include its experienced team of investment professionals, a global platform and a unifying investment philosophy. This investment philosophy, which consists of six tenets - risk control, consistency, market inefficiency, specialization, bottom-up analysis and disavowal of market timing - is complemented by a set of core business principles that articulate Oaktree’s commitment to excellence in investing, commonality of interests with clients, a collaborative and cooperative culture, and a disciplined but opportunistic approach to the expansion of investment strategies.
Our investment objective is to generate stable, current income through investments in first lien, floating-rate performing loans in both the broadly syndicated and private placement markets. To achieve this objective, we lend to middle-market companies with proven business models and strong fundamentals.
To maintain RIC tax treatment, we must, among other things, distribute, with respect to each taxable year, at least 90% of our investment company taxable income (i.e., our net ordinary income and our realized net short-term capital gains in excess of realized net long-term capital losses, if any).
We have adopted a dividend reinvestment plan that provides for reinvestment of our dividends on behalf of our stockholders, unless a stockholder elects to receive cash.
No action will be required on the part of a registered stockholder to enroll and have his or her cash distributions reinvested in shares of our common stock. A registered stockholder may elect to receive an entire distribution in cash by notifying American Stock Transfer & Trust Company (AST), the plan administrator and our transfer agent, distribution paying agent and registrar, in writing so that such notice is received by the plan administrator no later than 10 days prior to the record date for the next dividend or distribution to stockholders.
Those stockholders whose shares are held by a broker or other financial intermediary may receive distributions in cash by notifying their broker or other financial intermediary of their election.Participants may opt out and terminate their accounts under the plan one of three ways:
- By notifying the plan administrator via AST’s Shareholder Services
- By filling out the transaction request form located at the bottom of your statement and sending it to the plan administrator at P.O. Box 922, Wall Street Station, New York, New York, 10269-0560
- By calling the plan administrators at (800) 937-5449 or (718) 921-8124