Oaktree Specialty Lending Corporation (NASDAQ:OCSL) Q2 2022 Earnings Conference Call May 5, 2022 11:00 AM ET

Company Participants

Michael Mosticchio - Head, Investor Relations

Armen Panossian - Chief Executive Officer and CIO

Matt Pendo - President

Chris McKown - Chief Financial Officer and Treasurer

Matt Stewart - Chief Operating Officer

Conference Call Participants

Kevin Fultz - JMP Securities

Bryce Rowe - Hovde Group

Ryan Lynch - KBW

Melissa Wedel - JPMorgan

Operator

Welcome and thank you for joining Oaktree Specialty Lending Corporation Second Fiscal Quarter 2022 Conference Call. Today’s conference call is being recorded. At this time, all participants are in a listen-only mode, but will be prompted for a question-and-answer session following the prepared remarks.

Now I would like to introduce Michael Mosticchio, Head of Investor Relations, who will host today’s conference call. Mr. Mosticchio, you may begin.

Michael Mosticchio

Thank you, Operator. And welcome to Oaktree Specialty Lending Corporation’s second fiscal quarter conference call. Our earnings release, which we issued this morning and the accompanying slide presentation can be accessed on the Investors section of our website at oaktreespecialtylending.com.

Our speakers today are Armen Panossian, Chief Executive Officer and Chief Investment Officer; Matt Pendo, President; and Chris McKown, Chief Financial Officer and Treasurer. Also joining us on the call today for the question-and-answer session is Matt Stewart, Chief Operating Officer.

Before we begin, I want to remind you that comments on today’s call include forward-looking statements reflecting our current views with respect to, among other things, our future operating results and financial performance.

Our actual results could differ materially from those implied or expressed in the forward-looking statements. Please refer to our SEC filings for a discussion of these factors in further detail. We undertake no duty to update or revise any forward-looking statements.

I’d also like to remind you that nothing on this call constitutes an offer to sell or a solicitation of an offer to purchase any interest in any Oaktree fund. Investors and others should note that Oaktree Specialty Lending uses the Investors section of its corporate website to announce material information. The company encourages investors, the media and others to review the information that it shares on its website.

With that, I would now like to turn the call over to Matt.

Matt Pendo

Thanks, Mike, and thank you everyone for joining the call today. OCSL generated solid results in the second quarter. Adjusted net investment income was up, supported by a higher prepayment fees and we increased our dividend for an eighth consecutive quarter. We produced robust origination activity, including several new investments in the attractive life sciences sector, while maintaining the portfolio’s excellent credit quality.