Blue Owl Capital Corporation III

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.» Mehr auf businesswire.com

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.» Mehr auf seekingalpha.com

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.» Mehr auf prnewswire.com