Blue Owl Capital Corp III

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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Blue Owl Capital Corp III engages in the investments in middle market companies located in the United States with a revenue of USD 50 - 2500 million and an EBITDA of USD 10-250 million. The fund focuses on a broad range of sectors and industries. It provides capital for growth, buyout and recapitalization transactions with an investment size ranging from USD 20 - 250 million. It acts as a lead investor.

Blue Owl Capital Corp

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Blue Owl Capital Corporation III (“OBDE” or the “Company”) (NYSE: OBDE) and Blue Owl Capital Corporation (NYSE: OBDC). Under the terms of the proposed transaction, shareholders of OBDE will receive newly issued shares of OBDC for each share of OBDE based on an exchange ratio determined prior to closing. KSF.

BLUE OWL CAPITAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Blue Owl Capital Corporation III - OBDE

Capital Southwest

Fidus Investment

Goldman Sachs BDC

Horizon Technology Finance

New Mountain Finance

Oaktree Specialty Lending

Prospect Capital

TCP Capital

Triplepoint Venture Growth BDC

Sixth Street Specialty Lending

We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPVG surged nearly 20%, while PSEC dropped due to a bad quarter and distribution cut. Tax-loss season may pressure some securities; PSEC, HRZN, TPVG, TCPC, OCSL, GSBD, NMFC, and CSWC could weaken further by year-end.

BDC Weekly Review: Tax-Loss Season Is Approaching

NEW YORK , Nov. 6, 2024 /PRNewswire/ -- Blue Owl Capital Corporation III (NYSE: OBDE, or the "Company") today announced financial results for its third quarter ended September 30, 2024. THIRD QUARTER 2024 HIGHLIGHTS Third quarter net investment income ("NII") per share of $0.41, in-line with the prior quarter and exceeding the regular dividend of $0.35 per share by 17% As previously announced in January, the Board of Directors (the "Board") declared five special dividends of $0.06 per share; the third of which will be payable on or before December 13, 2024 to shareholders of record as of November 29, 2024 10.6%1 annualized dividend yield based on third quarter net asset value ("NAV") per share NAV per share of $15.49, as compared with $15.56 as of June 30, 2024 Originations for the third quarter were $575.1 million, offset by $649.1 million of sales and repayments, as compared with $1.0 billion of originations and $338.3 million of sales and repayments for the three months ended June 30, 2024 Investments on non-accrual decreased to 0.2% of the total fair value of the debt portfolio, as compared with 0.5% as of June 30, 2024 "We saw continued strong momentum in the third quarter, delivering stable portfolio performance to generate an attractive return on equity of 10.5%," commented Craig W.

Blue Owl Capital Corporation III Reports Third Quarter Net Investment Income Per Share of $0.41 and Net Asset Value Per Share of $15.49

Morgan Stanley Direct Lending Fund

Nuveen Churchill Direct Lending Corp

PennantPark Floating Rate Capital

We take a look at the action in business development companies through the fourth week of October and highlight some of the key themes we are watching. BDCs underperformed this week but still outpaced the broader income market, with larger BDCs leading month-to-date performance. PSEC increased its preferred issuance cap to $2.5bn.

BDC Weekly Review: PSEC Doubles Down On Its Strategy

Blackstone Secured Lending Fund

We take a look at the action in business development companies through the third week of October and highlight some of the key themes we are watching. BDCs had a strong week, rising over 1%, supported by reduced expectations of rate cuts. The rise in Payment-in-Kind (PIK) income, now at 7.5%, raises concerns about potential credit issues, though not all PIK is distress-related.

BDC Weekly Review: PIK Is At Record High

Blue Owl Capital

NEW YORK , Oct. 2, 2024 /PRNewswire/ -- Blue Owl Capital Corporation III (NYSE: OBDE) ("OBDE") today announced it will release its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, 2024 after market close. OBDE invites all interested persons to its webcast / conference call on Thursday, November 7, 2024 at 11:00 a.m.

Blue Owl Capital Corporation III Schedules Earnings Release and Quarterly Earnings Call to Discuss its Third Quarter Ended September 30, 2024 Financial Results

Ares Capital

VanEck Vectors BDC Income ETF

CION Investment Corp

Golub Capital BDC

Main Street Capital

Solar Capital

Vanguard Real Estate ETF

BDCs have outperformed REITs since early 2022 due to rising short-term interest rates and a strong economy, but dynamics shifted in July. With long-term rates declining and recession fears rising, BDCs face dividend cut risk. One BDC recently slashed its dividend aggressively and more are likely to follow.

Dividend Cut Alert: Bad News For BDCs

Bain Capital Specialty Finance Inc

We take a look at the action in business development companies through the fourth week of August and highlight some of the key themes we are watching. BDCs were up nearly 1% on the week, partly retracing the early August drop. Over Q2 sector net investment income and portfolio yield were flat or slightly lower while non-accruals rose.

BDC Weekly Review: Q2 Wrap-Up

Over the last couple of weeks we added a number of new BDC positions to our Income Portfolios despite a fairly expensive credit market backdrop. We discuss the reasons behind this and where we see value in the BDC space. Recent market hiccup has opened up attractive opportunities in the BDC sector, particularly in newly IPO'd companies with lower liquidity and awareness.

Why We Are Adding BDCs To Our Income Portfolios Right Now

Barings BDC Inc

TCG BDC

We take a look at the action in business development companies through the second week of August and highlight some of the key themes we are watching. BDCs underperformed with a total return of -2% due to poor quarterly results or dividend cuts. TriplePoint Venture Growth highlights the disconnect between dividend yield and total NAV return.

BDC Weekly Review: Yield Myopia Ignores The Right Metrics

NEW YORK, NY / ACCESSWIRE / August 15, 2024 / Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Blue Owl Capital Corporation III (NYSE: OBDE ), relating to its proposed merger with Blue Owl Capital Corporation.

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Blue Owl Capital Corporation III - OBDE

NEW YORK, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Blue Owl Capital Corporation III ( NYSE: OBDE ) , relating to its proposed merger with Blue Owl Capital Corporation. Under the terms of the agreement, OBDE shareholders will receive newly issued shares of Blue Owl Capital Corp. according to an exchange ratio to be determined prior to closing.

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Blue Owl Capital Corporation III – OBDE

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Blue Owl Capital Corporation III (NYSE: OBDE) and Blue Owl Capital Corporation is fair to OBDE shareholders. Under the terms of the proposed merger, OBDE shareholders will receive newly issued shares of OBDC for each share of OBDE based on an exchange ratio determined prior to closing. Halper Sadeh encourages OBDE shareholders to click here to learn more about their legal rights and.

OBDE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Blue Owl Capital Corporation III Is Fair to Shareholders

NEW YORK , Aug. 7, 2024 /PRNewswire/ -- Blue Owl Capital Corporation III (NYSE: OBDE, or the "Company") today announced financial results for its second quarter ended June 30, 2024. SECOND QUARTER 2024 HIGHLIGHTS Second quarter net investment income ("NII") per share of $0.41, which exceeds the second quarter regular dividend of $0.35 per share by over 15% As previously announced in January, the Board of Directors (the "Board") declared five special dividends of $0.06 per share; the second of which will be payable on or before September 13, 2024 to shareholders of record as of August 30, 2024 10.5% annualized dividend yield based on second quarter net asset value ("NAV") per share1 NAV per share of $15.56, up $0.28 compared to June 30, 2023 Net debt-to-equity increased to 1.22x for quarter ending June 30, 2024, up from 1.04x as of March 31, 2024 Also announced today that OBDE entered into a definitive merger agreement with Blue Owl Capital Corporation (NYSE: OBDC) "In our first full quarter as a publicly traded company, we continued to make significant progress towards growing our portfolio, deploying capital into attractive opportunities which enabled OBDE to deliver a strong return on equity of 10.5%," commented Craig W.

Blue Owl Capital Corporation III Reports Second Quarter Net Investment Income Per Share of $0.41 and Net Asset Value Per Share of $15.56

Merger of two high-quality, diversified portfolios with substantial investment overlap significantly enhances scale Will create second largest publicly traded BDC by total assets, with $18.4 billion of total assets on a pro forma basis at fair value NEW YORK , Aug. 7, 2024 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC) and Blue Owl Capital Corporation III (NYSE: OBDE) today announced that they have entered into a definitive merger agreement, with OBDC as the surviving company, subject to certain shareholder approvals and other customary closing conditions. Following the recommendation of each of their special committees, the boards of directors of both OBDC and OBDE have unanimously approved the transaction.

Blue Owl Capital Corporation and Blue Owl Capital Corporation III Announce Merger Agreement

Barings Global Short Duration High Yield Fund

Gladstone Capital

Nuveen Preferred & Income Term Fund

Nuveen Municipal Credit Income Fund

Flaherty & Crumrine Preferred Income OpportunityFund Inc

PGIM Shrt Duratin Hgh Yld Opprtnts Fund

Income assets and financial markets have surged, with only local EM debt in the red year-to-date, due to dollar strength. Our countercyclical approach has led to the culling of high-flyers like BDC Gladstone Capital and the CEF Nuveen Preferred and Income Term Fund. We highlight opportunities in securities that have lagged the market across the CEF and BDC sectors.

Opportunities In Income Securities That Have Lagged The Rally

Trinity Capital

We take a look at the action in business development companies through the first week of July and highlight some of the key themes we are watching. BDCs had a strong week with a 1.5% total return, outperforming the broader income market. Trinity Capital updated the conversion rate of its 2025 convertible bonds, providing benefits for management and mixed impact for existing shareholders.

BDC Weekly Review: The Benefits Of Convertible Bonds For BDCs

AMC Entertainment

EPR Properties

Energy Transfer LP Unit

Realty Income Corp

Investing in high-yield stocks can provide attractive long-term total returns and passive income for an accelerated retirement timeline. We discuss three stocks that offer 8-11% dividend yields. These dividends are supported by investment-grade balance sheets and stable cash flows.

8-11% Dividend Yields To Buy In July 2024

FS KKR Capital Corp

Hercules Capital

I'm quite cautious on the BDC sector right now. However, there are still some interesting opportunities in the space. I discuss two of the most overrated BDCs right now as well as two of the most underrated BDCs.

2 Very Overrated And 2 Very Underrated BDCs

Alerian MLP ETF

Blackstone Group

Enterprise Products Partners

Mid-America Apartment Communities

MPLX

W. P. Carey

Generating tax-efficient high yields is a major priority for many retirees. This article draws on three defensive sectors to build a tax-friendly portfolio. I share some of my favorite retirement income picks to build an 8%-yielding portfolio that should grow its payout at or faster than the rate of inflation.

8%-Yielding Tax-Free Portfolio For Retirement Passive Income

NEW YORK , July 3, 2024 /PRNewswire/ -- Blue Owl Capital Corporation III (NYSE: OBDE) ("OBDE") today announced it will release its financial results for the second quarter ended June 30, 2024 on Wednesday, August 7, 2024 after market close. OBDE invites all interested persons to its webcast / conference call on Thursday, August 8, 2024 at 11:00 a.m.

Blue Owl Capital Corporation III Schedules Earnings Release and Quarterly Earnings Call to Discuss its Second Quarter Ended June 30, 2024 Financial Results

We take a look at the action in business development companies through the first week of June and highlight some of the key themes we are watching. BDCs were flat on the week, with the two Blue Owl BDCs underperforming. Lender-on-lender aggressiveness has reached the private lending world, with some lenders splitting and prioritizing their own interests over others.

BDC Weekly Review: Lender-On-Lender Violence Reaches Private Lending

Blue Owl Capital Corporation III (NYSE:OBDE ) Q1 2024 Earnings Conference Call May 10, 2024 11:00 AM ET Company Participants Craig Packer - CEO Jonathan Lamm - CFO Conference Call Participants Brian McKenna - Citizens JMP Mark Hughes - Truist Securities Robert Dodd - Raymond James Operator Good morning, everyone, and welcome to Blue Owl Capital Corporation's First Quarter 2024 Earnings Call. I'd like to remind listeners that remarks made during today's call may contain forward-looking statements, which are not a guarantee of future performance or results, and involve a number of risks and uncertainties that are outside the company's control.

Blue Owl Capital Corporation III (OBDE) Q1 2024 Earnings Call Transcript

NEW YORK, May 8, 2024 /PRNewswire/ -- Blue Owl Capital Corporation III (NYSE: OBDE, or the "Company") today announced financial results for its first quarter ended March 31, 2024.

Blue Owl Capital Corporation III Reports First Quarter Net Investment Income Per Share of $0.39 and NAV Per Share of $15.65

We take a look at the BDC sector through the fourth week in April. BDCs had a good week and month with a return of around 2% in April. Golub Capital declared a flat dividend and a rise in net income.

BDC Weekly Wrap: GBDC Reports Good Results

News for Blue Owl Capital Corp III Stock (OBDE)