Performance

Pricing | Class I

As of June 30, 2022

NAV
$8.88
Annualized Distribution rate1
8.16%

Total Net Return2

Share Class 1-Month 3-Month YTD 1-Year ITD
Class I -1.26% -2.32% -1.40% 2.44% 3.87%

 

Historical Net Asset Value Per Share

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 $9.34 $9.28 $9.26 $9.25 $9.05 $8.88
2021 $9.26 $9.26 $9.26 $9.26 $9.28 $9.30 $9.30 $9.30 $9.32 $9.31 $9.34

Historical Performance

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 0.60% -0.04% 0.39% 0.49% -1.56% -1.26%
2021 0.56% 0.56% 0.77% 0.77% 0.55% 0.55% 0.77% 0.57% 0.48% 0.92%

Historical Distribution Per Share

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 Distribution $0.0558 $0.0558 $0.0558 $0.0558 $0.0558 $0.0558 $0.0579
2022 Special Distribution $0.0025
2021 Distribution $0.0515 $0.0515 $0.0515 $0.0515 $0.0515 $0.0515 $0.0515 $0.0515 $0.0515
2021 Special Distribution $0.0014 $0.0029 $0.0043

Pricing | Class S

As of June 30, 2022

NAV
$8.84
Annualized Distribution rate1
7.33%

Total Net Return2

Share Class 1-Month 3-Month YTD 1-Year ITD
Class S (Max Sales Load) -4.78% -6.04% -5.46% -2.29% -0.35%
Class S (No Sales Load) -1.45% -2.75% -2.15% 1.13% 2.43%

 

Historical Net Asset Value Per Share

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 $9.33 $9.27 $9.24 $9.23 $9.02 $8.84
2021 $9.26 $9.26 $9.28 $9.30 $9.30 $9.30 $9.31 $9.32 $9.31 $9.33

Historical Performance

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 Class S (Max Sales Load) -2.87% -3.49% -3.18% -2.97% -5.07% -4.78%
2022 Class S (No Sales Load) 0.53% -0.11% 0.21% 0.43% -1.74% -1.45%
2021 Class S (Max Sales Load) -2.87% -2.92% -2.91% -2.92% -2.92% -2.92% -2.90% -2.89% -2.87%
2021 Class S (No Sales Load) 0.49% 0.70% 0.70% 0.48% 0.48% 0.59% 0.60% 0.41% 0.74%

 

Historical Distribution Per Share

Class S Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 Distribution $0.0491 $0.0497 $0.0491 $0.0493 $0.0491 $0.0495 $0.0515
2022 Special Distribution $0.0025
2021 Distribution $0.0450 $0.0450 $0.0450 $0.0450 $0.0450 $0.0450 $0.0450 $0.0450 $0.0450
2021 Special Distribution $0.0014 $0.0029 $0.0043

Pricing | Class D

As of June 30, 2022

NAV
$8.86
Annualized Distribution rate1
7.92%

Total Net Return2

Share Class 1-Month 3-Month YTD 1-Year ITD
Class D (Max Sales Load) -2.85% -3.93% -3.19% 0.57% 2.29%
Class D (No Sales Load) -1.39% -2.49% -1.74% 2.08% 3.44%

 

Historical Net Asset Value Per Share

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 $9.34 $9.27 $9.25 $9.24 $9.04 $8.86
2021 $9.26 $9.26 $9.26 $9.25 $9.27 $9.29 $9.29 $9.31 $9.32 $9.31 $9.34

Historical Performance

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 Class D (Max Sales Load -1.02% -1.54% -1.12% -1.01% -3.04% -2.85%
2022 Class D (No Sales Load) 0.47% -0.06% 0.36% 0.47% -1.58% -1.39%
2021 Class D (Max Sales Load) -0.95% -1.06% -0.74% -0.74% -0.95% -0.95% -0.74% -0.83% -1.03% -0.59%
2021 Class D (No Sales Load) 0.53% 0.43% 0.75% 0.75% 0.53% 0.53% 0.75% 0.65% 0.46% 0.90%

 

Historical Distribution Per Share

Class D Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 Distribution $0.0538 $0.0540 $0.0538 $0.0539 $0.0538 $0.0539 $0.0560
2022 Special Distribution $0.0025
2021 Distribution $0.0495 $0.0495 $0.0495 $0.0495 $0.0495 $0.0495 $0.0495 $0.0495 $0.0495
2021 Special Distribution $0.0014 $0.0029 $0.0043

Financial Advisors: Request Materials Now

ORCIC is only available to financial advisors at participating Broker/Dealers and Registered Investment Advisors. If you would like to order materials or schedule a meeting with your Blue Owl representative, please contact our sales desk.

888-215-2015

Individual investors should consult their financial advisor to learn more.

1. As of June 30, 2022. Distribution payments are not guaranteed. Owl Rock Core Income Corp. may pay distributions from sources other than cash flow from operations, including, without limitation, the sale of assets, borrowings, return of capital or offering proceeds, and advances or the deferral of fees and expense reimbursements. The annualized distribution rate shown is calculated by annualizing the declared distributions per share in the previous month and dividing by the previous month’s published NAV. The annualized distribution rate shown may be rounded and is net of applicable servicing fees (Class S: 0.85%, Class D: 0.25% and Class I: No servicing fee). The payment of future distributions is subject to the discretion of ORCIC’s board of directors and applicable legal restrictions, therefore there can be no assurance as to the amount or timing of any such future distributions. Distributions are not guaranteed. Up to 100% of distributions have been funded and may continue to be funded by the reimbursement of certain expenses that are subject to repayment to the Adviser of ORCIC.  Such waivers and reimbursements by the Adviser may not continue in the future. The Adviser did not provide expense support for the quarter ended March 31, 2022.

2. Past performance is not a guarantee of future results. Returns are compounded monthly. Total return is calculated as the change in monthly NAV (assuming any dividends and distributions, net of shareholder servicing fees, are reinvested in accordance with the Company’s dividend reinvestment plan), if any, divided by the beginning NAV. Returns reflect reinvestments of distributions and the deduction of ongoing expenses that are borne by investors, such as management fees, incentive fees, servicing fees, interest expense, offering costs, professional fees, director fees and other general and administrative expenses. An investment in the Company is subject to a maximum upfront sales load (Class S: 3.5%, Class D: 1.5%, Class I: No sales load) which will reduce the amount of capital available for investment. Operating expenses may vary in the future based on the amount of capital raised, the Adviser’s election to continue expense support, and other unpredictable variables. Total returns based on the max upfront fee load for an investor starting at the inception of the respective share class, which for Class S is April 1, 2021 and Class D is March 1, 2021. Class I does not have upfront fees.

This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. Only a prospectus for Owl Rock Core Income Corp. can make such an offer. This material is authorized only when it is accompanied or preceded by the Owl Rock Core Income Corp. prospectus. Neither the SEC, the Attorney General of the State of New York nor any state securities commission has approved or disapproved of these securities or determined if the prospectus is truthful or complete. Any representation to the contrary is a criminal offense. Securities are offered through Blue Owl Securities LLC, member of FINRA/SIPC, as Dealer Manager.

An investment in Owl Rock Core Income Corp. (“ORCIC”) is speculative and involves a high degree of risk, including the risk of a substantial loss of investment, as well as substantial fees and costs, all of which can impact an investor’s return. The following are some of the risks involved in an investment in ORCIC’s common shares; however, an investor should carefully consider the fees and expenses and information found in the “Risk Factors” section of the ORCIC prospectus before deciding to invest:

  • You should not expect to be able to sell your shares regardless of how ORCIC performs and you should consider that you may not have access to the money you invest for an indefinite period of time. An investment in shares of ORCIC’s common stock is not suitable for you if you need access to the money you invest.
  • ORCIC does not intend to list its shares on any securities exchange and does not expect a secondary market in its shares to develop. As a result, you may be unable to reduce your exposure in any market downturn. If you are able to sell your shares before a liquidity event is completed, you will likely receive less than your purchase price.
  • Beginning no later than the first full calendar quarter after the date that ORCIC sells shares to a person or entity other than Owl Rock Capital Advisors LLC, its investment adviser (the “Adviser”), or ORCIC’s directors, officers and/or other affiliated persons and entities, ORCIC intends to implement a share repurchase program pursuant to which it intends to conduct quarterly repurchases of a limited number of outstanding shares of its common stock. ORCIC’s board of directors has complete discretion to determine whether ORCIC will engage in any share repurchase, and if so, the terms of such repurchase. ORCIC’s share repurchase program will include numerous restrictions that limit your ability to sell your shares. As a result, share repurchases may not be available each month. While ORCIC intends to continue to conduct quarterly tender offers as described above, it is not required to do so and may suspend or terminate the share repurchase program at any time.
  • Distributions on ORCIC’s common stock may exceed ORCIC’s taxable earnings and profits, particularly during the period before it has substantially invested the net proceeds from its public offering. Therefore, portions of the distributions that ORCIC pays may represent a return of capital to you for U.S. federal tax purposes. A return of capital is a return of a portion of your original investment in shares of ORCIC common stock. As a result, a return of capital will (i) lower your tax basis in your shares and thereby increase the amount of capital gain (or decrease the amount of capital loss) realized upon a subsequent sale or redemption of such shares, and (ii) reduce the amount of funds ORCIC has for investment in portfolio companies. ORCIC has not established any limit on the extent to which it may use offering proceeds to fund distributions.
  • Distributions may also be funded in significant part, directly or indirectly, from (i) the waiver of certain investment advisory fees, that will not be subject to repayment to the Adviser and/or (ii) the deferral of certain investment advisory fees that may be subject to repayment to the Adviser and/or (iii) the reimbursement of certain operating expenses, that will be subject to repayment to the Adviser and its affiliates. Significant portions of distributions may not be based on investment performance In the event distributions are funded from waivers and/or deferrals of fees and reimbursements by ORCIC’s affiliates, such funding may not continue in the future. If ORCIC’s affiliates do not agree to reimburse certain of its operating expenses or waive certain of their advisory fees, then significant portions of ORCIC’s distributions may come from offering proceeds or borrowings. The repayment of any amounts owed to ORCIC’s affiliates will reduce future distributions to which you would otherwise be entitled.
  • The payment of fees and expenses will reduce the funds available for investment, the net income generated, the funds available for distribution and the book value of the common shares. In addition, the fees and expenses paid will require investors to achieve a higher total net return in order to recover their initial investment. Please see ORCIC’s prospectus for details regarding its fees and expenses.
  • ORCIC intends to invest in securities that are rated below investment grade by rating agencies or that would be rated below investment grade if they were rated. Below investment grade securities, which are often referred to as “junk,” have predominantly speculative characteristics with respect to the issuer’s capacity to pay interest and repay principal. They may also be illiquid and difficult to value.
  • The Adviser and its affiliates face a number of conflicts with respect to ORCIC. Currently, the Adviser and its affiliates manage other investment entities, including Owl Rock Capital Corporation and Owl Rock Capital Corporation II, and are not prohibited from raising money for and managing future investment entities that make the same types of investments as those ORCIC targets. As a result, the time and resources that the Adviser devotes to ORCIC may be diverted. In addition, ORCIC may compete with any such investment entity also managed by the Adviser for the same investors and investment opportunities. Furthermore, the Adviser may face conflicts of interest with respect to services it may perform for companies in which ORCIC invests as it may receive fees in connection with such services that may not be shared with ORCIC.
  • The incentive fee payable by ORCIC to the Adviser may create an incentive for the Adviser to make investments on ORCIC’s behalf that are risky or more speculative than would be the case in the absence of such compensation arrangements. ORCIC may be obligated to pay the Adviser incentive fees even if ORCIC incurs a net loss due to a decline in the value of its portfolio and even if its earned interest income is not payable in cash.
  • The information provided above is not directed at any particular investor or category of investors and is provided solely as general information about Blue Owl products and services to regulated financial intermediaries and to otherwise provide general investment education. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as Blue Owl Securities LLC, its affiliates, and ORCIC are not undertaking to provide impartial investment