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Adjusted net investment income of $0.34 per share for the second quarter, compared with $0.31 in the first, puts Blue Owl Capital Corporation (NYSE: OBDC) at a 9.6% annualized return on equity, more than 100 basis points above the prior-quarter figure, CEO Craig Packer said on the earnings call.
A $274 million cash realization from a preferred-equity position in Mavis Tire, combined with higher dividend income from the company's life sciences specialty-finance vehicle, drove most of the sequential gain.
The board has declared a Q3 base dividend of $0.31 per share payable Oct. 15 to shareholders of record Sept. 30, and a $0.02 per-share supplemental payable Sept. 15 to shareholders of record Aug.
Mavis Tire: the quarter's headline realization The Mavis Tire exit was the single largest contributor.
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