OCSI - Another Day Another BDC Merger: Oaktree Specialty Lending

• In October, Oaktree Specialty Lending (OCSL) agreed to merge with its sister BDC, Oaktree Strategic Income (OCSI).
• OCSL’s quality has shined through the pandemic due to its portfolio’s conservative approach, which has led to low leverage and low non-accrual rates.
• Trading at a 14% NAV discount, OCSL has shown itself to be one of the best BDCs coming out of the pandemic.
• The new OCSL's portfolio, following the merger close in Q1 2021, will offer investors the NAV discount and a 8% yield moving forward.
• I maintain my strong Buy rating on OCSL.

For further details see: