Oaktree Specialty Lending Corporation (NASDAQ:OCSL) ("OCSL") and Oaktree Strategic Income Corporation (NASDAQ:OCSI) ("OCSI") today announced that each company obtained stockholder approval of the proposals related to the previously announced two-step merger of the two companies (the "Merger") at their respective stockholder meetings held on March 15, 2021.
Stockholders voted overwhelmingly in favor of the proposed transaction, as more than 98% of voting OCSL and OCSI stockholders supported the Merger. The transaction is expected to close on or about March 19, 2021, subject to the satisfaction of customary closing conditions.
Armen Panossian, Chief Executive Officer and Chief Investment Officer of OCSL and OCSI, said, "We would like to thank both groups of shareholders for their overwhelming support of the transaction. We look forward to completing this merger and delivering the many benefits of the combined company to all of our stakeholders."