Oaktree incentive income more than doubles


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%.

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Comments (2)
  • vaneetchadha
    , contributor
    Comments (2) | Send Message
     
    It surprises me that market does not push the price up to bring down the div yield of this security. I have been ardent fan of Howard Marks after reading his book "Most important thing" and subsequently proud investor of this firm.
    6 Aug 2013, 12:57 PM Reply Like
  • slash32is4
    , contributor
    Comments (263) | Send Message
     
    I think the market should push the price down so I can add more at a higher yield... only in my dreams i guess
    6 Aug 2013, 01:36 PM Reply Like
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