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Oaktree Specialty Lending (OCSL) investor relations material

Oaktree Specialty Lending Proxy Filing summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Proxy Filing summary22 Dec, 2025

Executive summary

  • A virtual special meeting is scheduled for March 3, 2026, for shareholders of record as of January 2, 2026, to vote on a key proposal.

  • The main proposal seeks authorization to issue up to 25% of outstanding common stock at prices below net asset value (NAV) per share, effective for 12 months if approved.

  • The Board, including all independent directors, unanimously recommends voting in favor of the proposal.

  • The proposal aims to provide flexibility to access capital markets during periods of market volatility and to support regulatory and strategic needs.

Voting matters and shareholder proposals

  • Shareholders will vote on authorizing the company to issue shares below NAV, limited to 25% of outstanding stock.

  • Approval requires a majority of outstanding voting securities and a majority not held by affiliates.

  • No other business is expected at the meeting; future shareholder proposals for the 2027 annual meeting must be received by September 18, 2026.

Board of directors and corporate governance

  • The Board consists of both interested and independent directors, with beneficial ownership information disclosed.

  • A “required majority” of directors must determine any below-NAV issuance is in the best interests of the company and shareholders.

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Frequently asked questions

Headquartered in Los Angeles, California, Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity and management buyouts in small and mid-sized companies.

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