Blue Owl Capital III (NYSE: OBDE) has scheduled the release of its financial results for Q2, ending June 30, 2024, on August 7, 2024, after market close. The company will host a webcast and conference call on August 8, 2024, at 11:00 a.m. ET to discuss these results. The live broadcast will be available on OBDE's website, with domestic participants dialing (877) 407-9714 and international participants dialing +1 (201) 689-8865. Replay options include a webcast link available for one year and a dial-in service accessible for 14 days using the code 13747167.
Blue Owl Capital III reported a strong performance in the first quarter of 2024 with a net investment income per share of $0.39, exceeding the regular dividend of $0.35 per share. The company achieved a 10.5% annualized dividend yield based on the net asset value per share, which increased to $15.65. The Board declared a second quarter dividend of $0.35 per share and five special dividends of $0.06 per share. The company made significant progress towards its target leverage range and aims to provide sustained returns to its shareholders. Portfolio and investing activity showed new investment commitments of $736.4 million across 43 new portfolio companies and 14 existing portfolio companies. The company had investments in 188 portfolio companies with an aggregate fair value of $4.0 billion. Investment income increased to $113.4 million, while total expenses increased to $64.7 million due to various factors. The company had $140.2 million in cash and $2.2 billion in total principal value of debt outstanding as of March 31, 2024.
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