OCIC targets investments in companies with earnings before interest expense, income tax expense, depreciation and amortization, or “EBITDA,” between $10 million and $250 million annually and/or annual revenue of $50 million to $2.5 billion at the time of investment
Consistent with our goal of capital preservation, we generally intend to invest in companies with low loan to value ratios, which we consider to be 50% or lower
Target credit investments will typically have maturities between three and ten years
Diversified by Industry and Region
|Structure||Perpetually non-traded business development company; OCIC does not intend to seek a liquidity event|
|Fund Leverage||Target 0.9x – 1.25x debt-to-equity with regulatory cap at 2.0x|
|Management Fee||1.25% of net assets (no management fee on leverage)|
|Incentive Fee||• 12.5% of net investment income subject to 5% hurdle
• 12.5% of realized capital gains
|Distributions1||Paid monthly (distributions are not guaranteed, may represent a return of capital and may be paid from sources other than cash flow from operations)|
|Closings||Monthly closes; 100% of capital invested upon closing|
|Liquidity5||Up to 5%/quarter; 20%/year of outstanding shares (share repurchase plan). No early withdrawal charge.|
|Suitability6||Gross annual income of at least $70,000 and a net worth of at least $70,000; or a net worth of at least $250,000. Certain states have higher suitability standards, please refer to the fund prospectus for full details.|
|Standard Share class fees||Class S||Class D||Class I|
|Structure||Investment minimums may vary. Please consult the prospectus and your financial representative.|
|Max Upfront Fee2,3||Up to 3.50% of net offering proceeds||Up to 1.50% of net offering proceeds||None|
|Ongoing Service Fee 2,4||0.85% of net asset value (annualized)||0.25% of net asset value (annualized)||None|
This information is summary in nature and is in no way complete, and these terms have been simplified for illustrative purposes and may change materially at any time without notice. In particular, this information omits certain important details about the stated terms and does not address certain other key Fund terms or risks or represent a complete list of all OCIC terms. If you express an interest in investing in OCIC, you will be provided with a prospectus, subscription agreement, and other documents (“Fund Documents”), which shall govern in the event of any conflict with the general terms listed herein. You must rely only on the information contained in the Fund Documents in making any decision to invest. Please see prospectus for corresponding terms.
1. Distribution payments are not guaranteed. Blue Owl Credit Income Corp. may pay distributions from sources other than cash flow from operations, including, without limitation, the sale of assets, borrowings, return of capital or offering proceeds, and advances or the deferral of fees and expense reimbursements. 2. To be paid by the investor. 3. Composition of Class S and Class D upfront sales loads may change, but will not exceed 3.50% and 1.50% respectively. 4. Ongoing Service Fee, together with the Maximum Upfront Sales Load, to be capped at 10% of gross proceeds or such other lower amount as Blue Owl may negotiate with its distribution partners. 5. Any periodic repurchase offers are subject in part to our available cash and compliance with the BDC and RIC qualification and diversification rules promulgated under the 1940 Act and the Code, respectively. While we intend to continue to conduct quarterly repurchase offers as described above, we are not required to do so and may suspend or terminate the share repurchase program at any time. 6. Suitability requirements vary by broker-dealer. Please consult your financial representative.
OCIC is only available to financial advisors at participating Broker/Dealers and Registered Investment Advisors. If you would like to order materials or schedule a meeting with your Blue Owl representative, please contact our sales desk.
Individual investors should consult their financial advisor to learn more.