Oaktree Capital 6.625% Series A Preferred Units
By: Tim McPartland,
Date Issued 5/10/2018
Shares Issued 7,200,000 Overallotment 1,080,000
S&P Rating NR Moodys Rating NR
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Security Ticker Symbol OAK-A OTC Grey Market OKTRU
Market Traded ON NYSE
Dividend Payment Paid on the 15th of March, June, September and December starting 9/15/2018
Quarterly Dividend .414 Annual Dividend 1.656
Securities may be redeemed, at the issuers option, as early as 06/15/2023 for a redemption price of $25/share plus accrued dividends.
Dividend Payment Will Likely be a Non Qualified Distribution
Maturity Date None
Company Investor Relations Page for Oaktree Capital
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Click Here to find the offering Prospectus and Final Pricing Document
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Tim McPartland
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
