Oaktree Specialty Lending reports Q3 adjusted EPS 62c, consensus 58c

Reports Q3 NAV per share $19.58, down slightly as compared with $19.66 in Q2 which was mainly the result of unrealized depreciation on debt investments, partially offset by undistributed net investment income. Armen Panossian, Chief Executive Officer and Chief Investment Officer, said, “OCSL produced solid results in our fiscal Q3, supported by strong earnings and robust origination activity, which drove our annualized return on adjusted net investment income to 12.6%. We leveraged Oaktree’s platform to source compelling investments, including several opportunistic transactions that resulted from the prevailing volatile market environment. We believe these investments present an appealing risk-reward and position OCSL to continue to deliver attractive returns to our shareholders.”