Oaktree incentive income more than doubles

|About: Oaktree Capital Group (OAK)|By:, SA News Editor

It's continued high-cotton times for P-E with distributable income at Howard Marks' shop of $313.2M or $1.94/share up 90% Y/Y. Economic net income of $1.13 per share up 88% Y/Y.

AUM of $76.4B off $2.4B from Q1 amid high levels of realizations and resultant distributions - $4.7B in Q2 with resultant incentive income of $338.1M up 162.1% Y/Y.

Quarterly distribution declared of $1.51 per share, up from $1.41 last quarter - annualized yield of 11.1%.

Earnings call underway. (PR)

Earlier: Q2 results.

OAK +1.7%.