Oaktree Specialty Lending: Risky 13% Yield
Oaktree Specialty Lending (OCSL) Seeking Alpha·2024-08-26 08:56
Henrik Sorensen I warned of growing risks to the dividend for Oaktree Specialty Lending Corporation (NASDAQ:OCSL) in May as the business development company sparked a spike in impaired loans, suffering a serious deterioration in its credit profile. Though Oaktree Specialty Lending's non-accrual ratio decreased in 3Q24 (the BDC's last quarter), the business development company barely covered its dividend with net investment income. Oaktree Specialty Lending also paid a price in terms of its net asset value, ...