v3.25.2
Net Assets
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Net Assets Net Assets
Equity Issuances
The Company has the authority to issue 1,000,000,000 common shares at $0.01 per share par value.
There were no sales of the Company’s common stock during the three and six months ended June 30, 2025 and 2024. See “Note 13. Merger with Blue Owl Technology Finance Corp. II” for information related to the issuance of shares of the Company’s common stock in connection with the Mergers.
Distributions
The table below reflects the distributions declared on shares of the Company’s common stock during the following periods:
For the Six Months Ended June 30, 2025
Date DeclaredRecord DatePayment DateDistribution per Share
March 14, 2025March 17, 2025March 18, 2025$0.34 
June 2, 2025June 30, 2025July 15, 2025$0.35 
June 2, 2025 (supplemental dividend)September 22, 2025October 7, 2025$0.05 
June 2, 2025 (supplemental dividend)December 23, 2025January 7, 2026$0.05 
June 2, 2025 (supplemental dividend)March 23, 2026April 7, 2026$0.05 
June 2, 2025 (supplemental dividend)June 22, 2026July 7, 2026$0.05 
June 2, 2025 (supplemental dividend)September 21, 2026October 6, 2026$0.05 
For the Six Months Ended June 30, 2024
Date DeclaredRecord DatePayment DateDistribution per Share
February 21, 2024(1)
March 29, 2024May 15, 2024$0.37 
May 7, 2024June 28, 2024August 15, 2024$0.40 
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(1)Expected to be paid or was partially paid from sources other than ordinary income, including long-term capital gains.
Dividend Reinvestment
With respect to distributions, the Company has adopted an “opt out” dividend reinvestment plan for common shareholders. As a result, in the event of a declared distribution, each shareholder that has not “opted out” of the dividend reinvestment plan will have their dividends or distributions automatically reinvested in additional shares of the Company’s common stock rather than receiving cash distributions. Prior to the Exchange Listing, the number of shares to be issued to a shareholder under the dividend reinvestment plan was determined by dividing the total dollar amount of the distribution payable to such shareholder by the net asset value per share of the Company's common stock, as of the last day of the Company's calendar quarter immediately preceding the date such distribution was declared. In connection with the Exchange Listing, the Company entered into an amended and restated dividend reinvestment plan, pursuant to which, if newly issued shares are used to implement the dividend reinvestment plan, the number of shares to be issued to a shareholder will be determined by dividing the total dollar amount of the cash dividend or distribution payable to a shareholder by the market price per share of the Company's common stock at the close of regular trading on the NYSE on the payment date of a distribution, or if no sale is reported for such day, the average of the reported bid and ask prices. However, if the market price per share on the payment date of a cash dividend or distribution exceeds the most recently computed net asset value per share, the Company will issue shares at the greater of (i) the most recently computed net asset value per share and (ii) 95% of the current market price per share (or such lesser discount to the current market price per share that still exceeded the most recently computed net asset value per share). If shares are purchased in the open market to implement the dividend reinvestment plan, the number of shares to be issued to a shareholder shall be determined by dividing the dollar amount of the cash dividend payable to such shareholder by the weighted average price per share for all shares purchased by the plan administrator in the open market in connection with the dividend. Shareholders who receive distributions in the form of shares of common stock will be subject to the same U.S. federal, state and local tax consequences as if they received cash distributions.
The table below reflects the common stock issued pursuant to the dividend reinvestment plan during the following periods:
For the Six Months Ended June 30, 2025
Date DeclaredRecord DatePayment DateShares
March 14, 2025March 17, 2025March 18, 20251,131,018 
October 1, 2024December 31, 2024January 31, 20251,098,294 
For the Six Months Ended June 30, 2024
Date DeclaredRecord DatePayment DateShares
November 7, 2023December 29, 2023January 31, 20241,212,560 
February 21, 2024March 29, 2024May 15, 20241,190,220 
2025 Stock Repurchase Program
On May 27, 2025, the Board approved the 2025 Stock Repurchase Program (the "2025 Stock Repurchase Program") under which the Company may repurchase up to $200 million of its outstanding common stock. Under the 2025 Stock Repurchase Program, purchases may be made at management's discretion from time to time in open-market transactions, in accordance with applicable securities laws and regulations. Unless extended by the Board, the 2025 Stock Repurchase Program will terminate 18-months from the date of the Exchange Listing. For the period ended June 30, 2025, there were no repurchases pursuant to the 2025 Stock Repurchase Program.