Oxford Park Income Fund, Inc. Announces June Net Asset Value and Declaration of Distributions for the Months Ending October, November, and December 2024
July 26 2024 - 10:09AM
Oxford Park Income Fund, Inc. (“the Fund”, “our”) announced today
the following financial results and related information:
- On July 25, 2024 (“the Board of Directors”) declared the
following distributions on our common shares of beneficial interest
as follows:
Month Ending |
Record Date |
Payment Date |
Amount Per Share |
October 31, 2024 |
October 24, 2024 |
October 31, 2024 |
$0.30 |
November 30, 2024 |
November 22, 2024 |
November 29, 2024 |
$0.30 |
December 31, 2024 |
December 24, 2024 |
December 31, 2024 |
$0.30 |
- The
unaudited Net Asset Value (“NAV”) per share as of June 30, 2024,
stood at:
Class A: Net asset value, per share |
$27.96 |
Class I: Net asset value, per share |
$27.96 |
Class L: Net asset value, per share |
$27.94 |
The fair value of the Fund’s portfolio investments may be
materially impacted after June 30, 2024, by circumstances and
events that are not yet known. To the extent the Fund’s portfolio
investments are impacted by market volatility in the U.S. or
worldwide, the Fund may experience a material impact on its future
net investment income, the fair value of its portfolio investments,
its financial condition and the financial condition of its
portfolio investments. Investing in our securities involves a
number of significant risks. For a discussion of the additional
risks applicable to an investment in our securities, please refer
to the section titled “Risks” in our prospectus and any subsequent
filings with the Securities and Exchange Commission, as
applicable.
The financial data included in this press release has been
prepared by, and is the responsibility of, Oxford Park Income Fund,
Inc.'s management. PricewaterhouseCoopers LLP has not audited,
reviewed, compiled, or applied agreed-upon procedures with respect
to the financial data. Accordingly, PricewaterhouseCoopers LLP does
not express an opinion or any other form of assurance with respect
thereto.
About Oxford Park Income Fund, Inc.
The Fund is registered under the Investment Company Act of 1940,
as a non-diversified, closed-end management investment company,
that continuously offers its common shares and is operated as a
“tender offer fund”. The Fund currently seeks to achieve its
investment objective of maximizing risk-adjusted total returns as
the Fund identifies opportunities in the CLO market through its
network of broker-dealers, agent banks, and collateral managers.
The Fund primarily invests in debt and equity tranches of CLO
vehicles. The Fund’s investment strategy may also include warehouse
facilities, which are financing structures intended to aggregate
loans that may be used to form the basis of a CLO vehicle.
Disclaimer
There is no assurance that the Fund will continue to declare
distributions or that they will continue at these rates.
Distributions may be comprised of any combination of net investment
income and/or net capital gain, and, if the Fund distributes an
amount in excess of net investment income and net capital gains, a
portion of such distribution will constitute a return of capital. A
return of capital distribution may reduce the amount of investable
funds. The ultimate tax character of the Fund’s earnings cannot be
determined until tax returns are prepared after the end of the
fiscal year. The information provided is based on estimates
available as of June 30, 2024. Shareholders should know that return
of capital will reduce the tax basis of their shares and
potentially increase the taxable gain, if any, upon disposition of
their shares.
Forward-Looking Statements
This press release contains forward-looking statements subject
to the inherent uncertainties in predicting future results and
conditions. Any statements that are not statements of historical
fact (including statements containing the words “believes,”
“plans,” “anticipates,” “expects,” “estimates” and similar
expressions) should also be considered to be forward-looking
statements. These statements are not guarantees of future
performance, conditions or results and involve a number of risks
and uncertainties. Certain factors could cause actual results and
conditions to differ materially from those projected in these
forward-looking statements. These factors are identified from time
to time in our filings with the Securities and Exchange Commission.
We undertake no obligation to update such statements to reflect
subsequent events, except as may be required by law.
Securities Disclosure
This press release is provided for informational purposes only,
does not constitute an offer to sell securities of the Fund and is
not a prospectus. Such offering is only made by the Fund’s
prospectus, which includes details as to the Fund’s offering and
other material information. Securities offered through Skyway
Capital Markets, LLC, member FINRA and SIPC. Skyway Capital
Markets, LLC and Oxford Funds, LLC are not affiliated. Investing in
the Fund involves risk of loss of some or all principal invested.
Speak to your tax professional prior to investing. This is neither
an offer to sell nor a solicitation to purchase any security.
Please refer to the prospectus for additional information about the
Fund. The prospectus should be read carefully before investing.
Contact:
Bruce Rubin
203-983-5280