Oaktree Specialty Lending Net Asset Value Per Share Drops to $15.69
Net asset value per share was $15.69 as of March 31, 2026, down as compared with $16.30 as of December 31, 2025. The decrease from December 31, 2025 was primarily driven by realized and unrealized depreciation on certain debt and equity investments during the quarter. "During the quarter, we continued to make progress on reducing non-accrual investments and selectively redeploying capital following investment exits, as we focus on overall portfolio quality," said Armen Panossian, Chief Executive Officer and Co-Chief Investment Officer of Oaktree Specialty Lending. "Our results reflect a moderation of investment income, driven by lower base rates and reduced fee activity, alongside some depreciation across certain investments, largely attributable to market-driven spread widening for software investments. We have maintained leverage at the low to mid-point of our target range, preserving liquidity to navigate market dislocation and selectively deploy capital into credits that offer attractive risk-adjusted returns. Due to our conservative use of leverage, we adjusted our cash dividend to $0.34 per share for the quarter ending June 30, 2026."
